I’ve always treated borrowing and lending as a “seatbelt,” not something for racing. When the liquidation line is only three steps away from the red line, I usually stop and avoid adding to my position first, drawing a small chart of my position: how healthy it is now, how much more it can fall before triggering, and how much to add back to recover one level. Then I prioritize doing two things: either adding a little collateral to widen the buffer, or simply paying down some debt to lower leverage—don’t expect the market to give you a breather.

Recently, the group has been talking about stablecoin regulation, reserve audits, and various rumors of “de-pegging,” and when emotions run high, people tend to make mistakes. Honestly, in such times, I prefer to make my borrowing positions a bit more conservative: leave enough gas, don’t put all collateral into one asset, and rather earn a little less than get blown up by a needle. For now, staying alive is more important than being right.