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Recently, I've been looking at projects on RWA (Real-World Asset) blockchain, and their promotions all claim liquidity that can be withdrawn at any time, as if they can run away at any moment.
But when I read the redemption clauses, I get a bit more cautious: T+ several days, limit caps, and the possibility of suspension in "special circumstances"...
Honestly, the transaction depth on the chain is mostly an illusion; if you really want to redeem, it still depends on offline assets and the face of the manager.
Later, I thought it was quite funny—comparing it to impermanent loss in stablecoin pools, but those are completely different rules of the game.
By the way, the NFT royalty disputes also seem quite similar: everyone wants liquidity, but once restrictions are added, it gets stuck; once loosened, someone gets hurt.
Anyway, I, as an LP, prefer to be cautious—only invest when I understand the redemption process, and not just focus on the words "on-chain."