The liquidation threshold for borrowing and lending, I usually don't wait for it to knock on my door. When there are three steps left before hitting the red line, I stop first: don't add positions, don't borrow new money, and cut a little of the most floating part of the position, replacing it with assets that can cover the margin nearby. Then review the authorizations, recover old projects/old pools if possible, so you don't have to scramble when things get tense. Basically, it's about giving yourself more options—better to take a small loss early than to be pierced by a single needle.

Recently, watching the collapse of chain games with inflation + studio + coin price spiral, it really feels like a chain reaction of liquidations triggered: everyone thinks they can hold a bit longer, but once it slips, there's no stopping... Anyway, I now trust the process more, and not so much "hold on a little longer." As for which step you'll take first when you're a few steps away from offline...