When your lending position is only three steps away from the liquidation line, don’t rush to top up and become a hero.


My usual order is: first cut the position to lower leverage (unsightly but effective), then see if I can switch to a deeper pool/router to reduce the slippage on repayment, otherwise you might think you’re saving the position but actually you’re rewarding the market maker.
If necessary, you can add margin, but I will carefully calculate whether “staying a bit longer” is really worth it, and most of the time it’s not, since the market can bounce back to the original point at any moment.

By the way, I want to criticize the recent social mining and fan token schemes, claiming that attention is mining…
Attention can indeed be mined, but what’s mined are often your emotions and impulsive orders. (Don’t ask me how I know)
My current principle is: when close to the red line, survive first; face and narrative can come later.
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