With lending and borrowing, the moment the liquidation line is three steps away, my brain starts putting on a little skit about “going to zero any minute now”… To be blunt, my rule now is: stop first—don’t add more leverage—and don’t try to fill the hole by “earning one more mouthful.” Then, top up the margin you can, or repay a small chunk first, so that red line stays far away from me. Even if it means I make a little less. If I really can’t hold on, I’ll reduce my position in batches—don’t wait for the system to make “the worst-price decision” for me.

Also, lately the whole yield stacking from re-staking/shared security has been getting criticized as “stacking like a nesting doll,” and I can’t help feeling a bit uneasy too: no matter how good the returns look on paper, when volatility hits, the first thing to blow up is people like me—who hit/confirm too quickly or accidentally tap confirm.

Yesterday a friend asked me, “In your crypto world, do you all just like playing with fire?” I told him: yes—but at least I’ve learned to put the fire extinguisher next to the door first.