I'm currently quite skeptical about the saying "RWA on-chain = stable on-chain income." It's not that it can't work, but often the liquidity looks lively, only to realize it's an illusion when you actually want to redeem.
To put it simply, the depth on the chain is mostly secondary trading; whether the underlying assets can be redeemed promptly according to the terms is a different matter. Redemption windows, T+N, limits, who goes first, whether it can be paused in extreme situations—these clauses are much more important than the APY numbers. Recently, I've also seen people compare RWA, U.S. T
View Original