These days, the hype about RWA going on-chain is pretty intense, but I’ve actually become more calm... To be honest, a lot of the “liquidity” is an illusion created by the interface: being able to click sell on-chain doesn’t mean you can redeem whenever you want; what really blocks people are the redemption windows, queues, T+N, or even temporary gatekeeping clauses. The returns look stable, but when a run happens, you’ll see who’s really naked.

My habit of calming myself down is also pretty old-fashioned: before adding to my position, I first read through the redemption terms and liquidation pathways from start to finish, take a screenshot and save it, then go to sleep. If I still want to buy the next day, then I do.

Recently, hardware wallets have been out of stock, and phishing links are everywhere, which also reminds me not to treat “compliance narratives” as a get-out-of-jail-free card. Entry security and signature confirmation are actually more critical and need to be strictly checked. That’s all for now; slow cooking is slow cooking.