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Just now, while checking on-chain data, I almost thought another liquidation waterfall was coming.
It was only later that I realized: the RPC I was looking at was stuck, and the indexer was also catching up with blocks.
A delay of a few minutes can really mess with people's mindset.
To put it simply, "on-chain transparency" is often just you viewing through layers of filters like nodes/RPC/indexers, and any glitch in one layer can make you see the past, making you think you're watching real-time data.
Recently, with staking and shared security yields being criticized as "copycat" schemes, I’m not surprised.
The more layers of middleware and price feeds/indexers we rely on, the slower and messier the information can become when things go wrong.
Anyway, I’ve now gotten used to: before key actions, at least switch between two RPCs and check the raw block explorer logs.
Better to be slow than to be impulsive, carried away by the "delayed on-chain" data.