I'm now watching my lending position and focusing on one thing: how many steps away I am from the liquidation line. When it really gets down to "within three steps," I basically stop explaining. Whatever macro narratives or good/bad news, I put them aside first. When the market becomes more random, the more explanations, the easier it is to get soft-handed.

I'll first break down the actions: either add some margin to pull the line further away, or directly reduce the position. Better to earn less than to gamble on "it probably won't happen." Also, check the authorization/mortgage collateral again to avoid getting stuck at the signature or limit at the last moment. Recently, everyone has been comparing RWA and US Treasury yields to on-chain yield products. Honestly, no matter how good the yield is, it can't stop the pain of a liquidation... Anyway, I care more about how far I am from the red line—survive first.