These days, I see many people arguing about Layer 2: who has higher TPS, who has lower fees, who offers bigger subsidies... Honestly, it has little to do with me. When the market is bad, subsidies can't save your mindset.

Recently, I want to talk more about stop-losses; it really feels like a breakup: dragging it out without letting go, pretending everything's fine on the surface, but actually paying "interest" every day. Especially for those involved in NFT lending, if the collateral ratio is miscalculated, the liquidation threshold rings like an alarm clock every day. The more you ignore it, the more you lose in the end, either by losing more or being forced out and losing face.

My current approach is very simple: first, write down the worst-case scenario. If I can accept it, I continue; if I can't, I admit defeat and walk away. It's depressing, but at least I regain a little bit of control and sleep more peacefully.