To be honest, I’ve been looking at a few projects on RWA tokenization lately. The liquidity looks great on the surface, but the redemption clauses are really too easy to step into a trap.

Basically, getting off-chain assets “on-chain” can make the liquidity figures look like they can run wild—but when you dig into the redemption conditions—holding period, discount rate, and even whether the underlying assets can be liquidated smoothly… anyway, I’m a short-term trader, so if I really want to touch it, I have to read the terms carefully first, otherwise it could be wasted effort.
The recent comment war over NFT royalties has been getting pretty heated too—how creators’ earnings and secondary liquidity should be balanced. And that’s when I realized it’s a bit like RWA: it’s all “liquidity illusion” at work, and it’s the underlying lockup and allocation rules that determine everything.
I’m not sure either. For now, let’s just go with this and take it one step at a time.