Over the past two days, we’ve been talking about parallelism and sharding again. Whenever the community gets lively, it’s easy to treat “faster and cheaper” as the default good news… but the first thing that comes to my mind is still this: where exactly to place the assets, who to grant authorization to, and—if something goes wrong—how to exit or revoke. To put it plainly, no matter how beautiful the technical narrative is, if the exit route isn’t clear, I just can’t sleep easy.

Also, some people compare RWA and the whole “US bond yield” playbook with all kinds of on-chain yield products. It sounds pretty reasonable, but I always feel like one key premise is missing: on-chain, it’s mostly a stacking of “composable” risks. The returns look like interest, but in reality it’s more like betting that the system won’t malfunction. Anyway, when I design interactions now, I first write a line for the “exit path.” If I don’t write it, I won’t click—so I don’t end up anxious later.