Lately I've been looking at a bunch of RWA on-chain projects, and their promotion claims that "liquidity" is as smooth as spot trading, but I always have a nagging feeling: being able to sell on-chain doesn't mean you can redeem off-chain, especially with that clause in the redemption terms that says "can be paused / delayed / requires approval," which basically means they might not give you your money when you need it. The illusion of liquidity is something that's easiest to overlook in a bull market.

Am I overthinking this?
Maybe, but I'd rather be cautious and first understand the redemption window, custodian permissions, and who can freeze assets.

These days I also came across AI Agents for automated trading and on-chain interaction, with very impressive narratives, but what I care more about is: what permissions do they actually take from you, and can they automatically control your entire wallet with one click? Anyway, with my new protocols, I always start small, sign multiple approvals, and double-check—it's a hassle, but safety is the top priority for returns.