Hong's long post really hits the mark—traditional finance is going fully on-chain, but there are still very few platforms that combine earning yields, investing in institutional products, and trading global markets all in one account. GRVT is working on this. All assets are by default composable as collateral, starting from $1, no verification needed, no lock-up. This isn’t just about chasing high yields; it’s about making composability + liquidity + institutional-grade assets the core moat. From a personal perspective, this is the real way to 'lower the barrier' for TradFi institutional-grade assets to reach everyday users. Liquidity + composability are way more important than just high APY. The launch of the RWA vault in June is also worth keeping an eye on.