The past couple of days, I've been watching RWA on the chain, which feels a bit like watching "liquidity skins." The interface allows buying and selling, making it quite lively, but when it comes to redemption, the terms flip: window periods, limits, order of operations... Honestly, it's like a cat squeezing into a cardboard box—once inside, there's no guarantee you'll get out. I used to be impulsive, seeing "asset backing" and wanting to jump on a hot topic; now my mindset has shifted. I first ask myself: am I after price fluctuations on the chain, or can I actually cash out offline? If I can't cash out, then it's just for display on the wall. By the way, recently everyone has been talking about rate cut expectations, the dollar index, and risk assets rising and falling together. I've also been confused—anyway, when the macro sneezes, the first thing to get stuck is often these "seemingly stable" redemption channels. Small positions for testing are fine, but don't treat exiting as a default option. That's all for now; if I lose money, I'll just pretend to be dead.