When it comes to lending and borrowing, once the liquidation line is only “three steps” away from you, don’t even think about toughing it out and being a hero… I usually stop first, don’t add to my position, take a deep breath twice, and rewrite the numbers for the collateral ratio and loan amount (yes, I’m that timid). Then prioritize doing two things: either add some collateral to push the red line further away, or simply pay back part of the debt—preferably earning less than getting liquidated by a single needle. If it really comes to it, reduce your position; admitting a loss is better than being liquidated and having the “market help you close the position” in a decent way.

Lately, the NFT royalty disputes are pretty funny and frustrating: everyone says it’s for creators/for liquidity, but in the end, it’s like a race to see who can deduct from others’ wallets faster… Anyway, I trust risk control more now. Don’t wait for that “snap” on-chain, or you won’t even have time