Lately, watching RWA on the chain has made me more and more anxious. To be honest, that little "liquidity" on the chain sometimes looks like a light show: the order book seems lively, but when you actually want to redeem, you find the terms are convoluted, T+ days, limits, windows, and a bunch of reviews... I admit I envy others who can just go all in and sleep well. For someone like me who calculates gas fees first and then the exit costs, I can't help but check the fine print when I see "redeemable at any time." By the way, it reminded me of the NFT royalty mudslinging match, where everyone was arguing whether creators should earn money, but what I care more about is: once the rules change, the secondary market immediately thins out, and in the end, the liquidity fantasy gets hurt. Anyway, I’ll treat it as a "locked IOU," try a small amount, and figure out the redemption path later.

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