Yes exactly. I also have a limit my liquid wallet to 5 million sats at the moment. There is a degree of trust with a federation. The chances of a rug happening is extraordinarily low. A super majority of the liquid federation would have to conspire and there's no incentive to do so as it would ultimately just break the peg and send liquid to the grave. But the tradeoff I get is having access to 5 million sats that can be moved for a fraction of what main net costs at 10x the speed, that I can self custody without running a node, requires my 2FA and has confidetial txns. Lots of benefits to that trust tradeoff...

When main net fees shot up for ordinals it affected me none at all. I had 5 million sats on hand I could move around for hundreds of sats.