When your lending position is close to the liquidation line, I now try not to hold on stubbornly. Three steps away from the red line: first, review your position and collateral ratio again, don’t rely on "just a feeling"; second, just reduce leverage a little, add collateral or pay down some debt, better to earn less than to wait until the network congestion and fee hikes make it impossible to operate; finally, prepare the funds you need and the transfer routes in advance, don’t scramble for money at the last minute.

Recently, everyone keeps comparing RWA, the yield on US bonds, and on-chain yield products, but I think they’re quite like the words "stability" being borrowed from each other. To put it simply, no matter how appealing the returns look, the risk of stepping over the liquidation line is still yours. First, secure your position before talking about anything else. That’s all for now.