In lending and borrowing, put simply: the “red line” isn’t something you handle only when you hit it—it’s something you should act on three steps before you get there. I usually first cut my position down by a slice, top up the margin a bit but don’t force it hard, and then revoke any authorizations that can be revoked, switch to a smaller account if I can, so that when a liquidation happens I don’t end up with permissions being triggered and thrown into risk along with it. Others think you just need to watch the liquidation price, but in reality, if the chain gets clogged and the oracle wobbles even a little, you won’t even have time to cancel orders. Lately I’ve been watching the L2 crowd spar over TPS/fees/subsidies—it’s also kind of entertaining. No matter how fiercely they argue, when liquidation comes, your position won’t be able to breathe easier just because the “ecosystem is good”… Anyway, I’d rather make a little less and sleep soundly.