Last night, I reviewed a small liquidation I experienced. On the surface, it was because I increased leverage too much, but honestly, I was just caught off guard by the "price feed delay." The oracle's spot price isn't real-time; you might be watching the CEX's candlestick chart and think everything's fine, but on-chain liquidations are based on an outdated snapshot. When the market suddenly turns, it’s easy to see: you think there's still room, but the contract has already calculated your insolvency based on the old price and auctioned you off. The most frustrating part is the delay combined with network congestion—transactions to add margin get stuck and aren’t confirmed on-chain, while liquidations happen very precisely and on time.

Now I try to avoid high leverage during volatile periods. I’d rather earn less than get caught by the "time lag" and get rekt. The inflation + studio + coin price spiral in blockchain games is also similar to the price feed delay—everyone is listening to the previous beat until the next beat suddenly crashes. That’s it for now; I’ll improve gradually.