Today, I was stuck in traffic on the way to work, and my coffee was also cold... I casually checked the blockchain, and the recent hype around RWA honestly looks a lot like "liquidity looks very beautiful."

You see assets hanging in the pool that can be bought or sold, but when it comes to redemption, the terms flip: T+ several days, limit caps, queuing first, and if there's risk control, it can be paused... Suddenly, it transforms from "on-chain assets" back into "offline processes."
Right now, when I pick these kinds of investments, I focus on two things: whether the exit channel is clearly explained in plain language, and whether I can accept the worst-case scenario.
Recently, the extreme fee rates and the atmosphere of reversing or squeezing the bubble also seem quite similar—on the surface, it's lively, but when it comes to squeezing through the door, you realize how narrow it really is.
Anyway, I stay chill—if I can earn, I earn; don’t treat liquidity as cash.