Over the past couple of days, I’ve looked into the liquidation records of several lending pools, and the more I examine, the more I feel that the oracle price feeding system is pretty “suspicious”: You look at the market and think it’s okay, but the price feed is half a beat behind; the on-chain spot price has already been updated, and the liquidation bots act based on what they see. In an instant, the positions are liquidated. To put it simply, it’s not that you’re calculating incorrectly, but that you and the oracle are looking at different points in time… Especially when the market is volatile and slippage is large, that delay feels like someone’s tightening your margin a bit more. Recently, everyone’s been talking about staking unlocks, token unlock schedules, and the panic over selling pressure. I actually fear more this kind of “emotional wave, price pullback, and lagging price feeds” combo punch, so now I’m more cautious with leverage—prefer to earn less and keep some buffer. That’s all for now.