Lately I've been looking at a bunch of RWA on-chain projects, and the more I look, the more I feel that "liquidity" is a bit like a tasting booth in a shopping mall: lots of people lining up, it looks lively, but if you actually try to take a plate and walk away, the staff will start explaining the rules to you... Basically, on-chain transactions don't mean you can redeem whenever you want; redemption windows, limits, T+N, or even who determines asset disposal—any clause can turn your "exit at any time" into "wait for notification." I'm now more concerned about: how to exit in the worst case, what to do if you can't, rather than how good it looks upfront. By the way, hardware wallets are out of stock, phishing links are everywhere—before chasing new narratives, everyone should tighten their security strings first, don’t just chase profits, drop the shell first.