BeGentleWithLeverage

I used to think that "liquidity exhaustion = a golden opportunity to buy cheap," getting more excited as prices fell, thinking about bottoming out and turning things around. Now I understand: the most dangerous part back then wasn't the direction, it was that you simply couldn't get out at all, with slippage eating half your life in one bite, and forced liquidation being especially straightforward... So I’d rather lower my leverage to a level where I can sleep peacefully, keep cash and margin, survive first, then talk about bottoming out.
Recently, I’ve seen some new L1/L2 projects offering in

The Wave Field this time is really impressive.

My attitude towards RWA on the blockchain is a bit conservative now: it looks very "liquid," but when it comes to redemption, you might realize that liquidity is an illusion... No matter how attractive the on-chain trading depth appears, it doesn't mean you can exchange the underlying assets back into cash at your desired pace.
Honestly, what I care about most isn't how beautiful the returns are written, but the redemption terms: T+ how many? Are there gates or pauses? Who decides on "abnormal situations"? Some are written quite detailed, but so detailed that you can't really walk away at the