Recently, I’ve been watching the update rhythm of a few perp oracles. To put it simply, if the price feed is delayed, the “price” you see might still be from the previous tick, but the on-chain positions have already been liquidated elsewhere. The most painful part is during liquidation: it’s not that you’re over-leveraged, but that you thought there was buffer, and as soon as the oracle updates once, it jumps past the threshold, and the liquidation price feels like the floor has been pulled out from under you.

Right now, I keep it simple: avoid pools with high volatility and slow oracle updates. If I really do it, I prefer to have smaller positions and leave more margin, and don’t expect that a quick rebalancing can save you… Those few seconds on-chain really don’t listen to your explanations. Recently, during airdrop season, everyone is doing tasks like they’re going to work, and right after the anti-witching measures tighten, people rush even more, but the more frantic you are, the easier it is to make mistakes on these details. Let’s talk again next time.