Tokenized assets only work in DeFi if they can be properly underwritten. That requires understanding the underlying asset, setting risk parameters, and defining LTVs so lending markets can function. Redemption timelines matter - assets that take a year to redeem don’t work in these markets, especially when most liquidity still comes directly from issuers. This is why experienced risk curators, particularly those with traditional credit backgrounds, are needed before assets are accepted as collateral. Full conversation link in the comments 👇