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I now have a habit when checking lending positions: if the liquidation line is within "three steps" of me, I won't be stubborn.
The first step is to lower the leverage first, even if it means earning a little less, because as long as you're alive, there's a next time;
The second step is to swap the collateral for something more "resilient," and not put everything into highly volatile assets;
The third step is to simply add some margin in advance, rather than waiting for network congestion and being unable to click the buttons and regret it later.
Recently, everyone has been chasing testnet incentives, accumulating points, guessing whether the mainnet will issue tokens... I also want to participate, but frankly, this kind of expectation is the easiest way to hype up emotions and secretly raise the risk threshold.
In DeFi lending, the red line won't give you face; it's really not shameful to step back early.
That's all for now.