To be honest, every time I see a project team list a bunch of “milestones” and pair them with a pretty-looking roadmap, I can’t help but laugh. For a team that really does the work, the treasury spending and the actual output should line up—go check the on-chain data: are they truly debugging in real money, hiring people, and doing audits, rather than just buying a domain, sponsoring a conference, or launching an empty token airdrop and calling it a day? Recently, RWA + U.S. Treasury yield products have also been pretty popular, but frankly, can on-chain yield products really outperform traditional finance? Or is it just a different package for speculation and hype?