To be honest, discussing RWA now and still constantly mentioning US Treasury bonds and gold is just rehashing old ideas. Simply transferring existing offline assets onto the blockchain, besides providing large investors with more allocation channels, offers virtually no benefit to the actual flow of funds in the real economy. The key to success lies in identifying genuine borrowing scenarios. @DowProtocol's approach to e-commerce accounts receivable is a typical example: sellers ship goods, but the platform's payment is delayed for two to three weeks; the on-chain liquidity pool directly enters to earn this bridging interest. Forcing on-chain liquidity into other people's business cash flow, capturing real working capital gains, is far more practical than constantly focusing on the limited arbitrage opportunities offered by tokenized US Treasury bonds.