Just saw someone talking about RWA on-chain—the liquidity hype sounds pretty mystical. In plain terms, it’s just that the asset is moved to another place to place orders. But when it’s truly time to redeem, the terms are the lifeline. I’ve gone through a few whitepapers on tokenizing real-world assets, and their redemption trigger conditions read like nonsense. The liquidity premium looks big, but once the window closes, you can’t even get your principal back. Recently, once news came out about a certain region raising taxes, people around me started muttering about whether deposits and withdrawals would get tighter. Anyway, I’m not going to bet on that timing. I’m first going to go back over the redemption terms for the few RWA positions I currently hold—if something needs to be locked, then lock it; I won’t join that kind of excitement. Diversification, sure, but it has to be low-correlation that you can actually understand—not just blindly stacking things together.