I used to think that liquidation was just "cut when the price hits the line," but looking back, many times it was the oracle feeding the price that was slow or fast, pushing you over the edge. The pitfall of delayed price feeds is pretty sneaky: you see the market not moving, but on-chain the collateralization ratio is already calculated based on the old price, and when it updates, it triggers a jump, even without giving you a chance to add margin. Conversely, too much delay can also cause the necessary liquidations to happen prematurely; when the patch is finally applied, the cascade can be even more brutal... Basically, don’t treat the "display price" as the true settlement price. My current approach is pretty crude: keep leverage one step lower, leave some buffer, and before opening a position, quickly check the oracle update frequency/heartbeat; some pools I simply avoid altogether. By the way, recently there’s been a lot of chatter in the community about privacy coins/mixing compliance, but I’m actually more concerned about one thing: once risk control becomes strict, the quality of oracle sources, trading depth, and liquidation participation could all deteriorate, and the ones who end up hurt are ordinary traders. Anyway... if you can survive, don’t try to be too clever.