Recently looking at a bunch of projects on RWA (Real-World Asset) on the blockchain, the liquidity on the page looks quite lively, but I always feel a bit of a "illusion" in my mind... Being able to trade on-chain at any time doesn't mean you can redeem at any time; the key is what the redemption terms say, how long it takes, and who makes the decision. To put it simply, someone taking over in the secondary market is one thing, but whether the underlying assets can pay out as agreed is another matter.

My current approach is still the usual: start with small amounts and try multiple times, especially at the redemption/exit step. I prefer to go slow rather than find out later that I can only withdraw "tokens" and not "cash." By the way, a quick rant about recent social mining and fan tokens—calling it "attention as mining" sounds pretty exciting, but can attention actually be redeemed? The terms probably make it even more mysterious... Anyway, I prefer to read the rules first before taking action.