I see @plumenetwork has also begun promoting a new narrative for Real Assets Bitcoin (RWB). My first reaction is that the BTCFi market was first taken over by Wall Street DATs, and now it's facing a fierce competitor, RWAFi? I think it's worth discussing the key issues and opportunities in this area: 1) Everyone is working hard to solve the BTC interest-earning dilemma. $2.2 trillion worth of BTC is just sitting there gathering dust, which is truly the largest waste of resources in the entire crypto industry. Previously, DeFi solutions that relied on wrapped BTC and centralized custody allowed BTC to function as a store of value and circulate across the blockchain. However, this yield was entirely dependent on token incentives issued by the new platform. If incentives were suspended or the market turned bearish, the APY would no longer be maintained. Institutions holding large amounts of BTC assets naturally understand this. They simply wouldn't risk hundreds of millions of dollars in BTC on a liquidity pool that could collapse at any moment. 2) Whether it's DATs, BTCFi, or RWAFi, everyone is pursuing native returns on BTC assets. While DATs are currently focused on over-the-counter (OTC) funds in the US stock market, BTCFi is still at the stage of building native infra, while RWAFi has already developed several on-chain yield + off-chain business models. Plume directly connects BTC to real-world assets like corporate loans and structured debt, shifting the source of returns from "mining rewards" to "contractual cash flow." This shift is crucial. For example, after users stake their BTC, the funds flow to a supply chain finance project, generating a stable annualized return of 8-10% per month. This return is completely decoupled from the fluctuations of the crypto market, and this is exactly what institutions truly need: a predictable, auditable, and compliant return model. Unlike the focus of DATs and BTCFi, the biggest challenge with RWAFi lies in the risk management and compliance of off-chain assets. While compliance issues may seem passive, it is at least a step in the right direction in exploring native returns for on-chain assets.