In lending and borrowing, when the liquidation line is three steps away from the red line, my first reaction isn't "hold on a little longer," but to treat the position as already blown up: how much can I top up, and whether a single spike will pierce through after topping up. Basically, I would first reduce leverage / pay down some, bringing the health factor into a zone where I can sleep peacefully, preferring to earn a little less rather than wake up to a liquidation alert in the middle of the night. Then I keep an eye on the oracle / price feed source and pool liquidity, because some projects with tight slippage can push you straight off a cliff.

Recently, everyone has been comparing RWA and US Treasury yields to on-chain yield products. I’ve been looking too, but the more I look, the more I feel: no matter how steady the yield looks, the contract permissions are centralized, the fund flow is a mess, and in the end, it’s still "people" deciding whether you get that interest… Anyway, I now check permissions first, then see where the money is going, and only then consider whether to add or not.

What I fear missing the most isn’t actually the opportunity, but the moment to admit defeat in time.