Recently, dealing with RWA on the chain feels a bit awkward: the liquidity looks quite good on the interface, and the candlestick charts can move, but when it comes to redemption, you realize the terms are like reflections on a rainy street—bright from afar, but slippery when you step on them. Frankly, the on-chain trading volume is often just "able to transfer," not necessarily "able to exit." Today, I also looked into large inflows and outflows of a certain pool 0x7c…91e, and the trades were broken into many small pieces, as if deliberately maintaining depth. Plus, with cross-chain bridges being hacked again these days and oracles reporting fake prices, everyone is starting to "wait for confirmation." For things like RWA, which have offline settlement/redemption windows, the redemption terms should be considered the core risk; otherwise, it’s just a liquidity illusion that makes us happy for no reason. Anyway, I’d rather earn a little less now than not figure out the exit path first.