I'm now a bit nervous whenever my lending position approaches the liquidation line... When I'm three steps away from the red line, I usually prioritize whether I can sleep well: first reduce leverage / add some margin to bring the health factor back to a comfortable range; if I really don't want to add more, I’ll repay part of the debt and cut off the segment most vulnerable to fluctuations. Then I double-check the automated margin replenishment / stop-loss rules (don't give too much permission to account abstraction wallets, so you don't have to worry about being exploited when firefighting).

Recently, the yield stacking from pledging and shared security systems has been criticized as "nested," which I can understand. The returns look attractive, but during liquidation, they won't give you an extra second. The information environment is full of noise, and my noise reduction strategy is simple: only focus on liquidation price, health factor, and changes in funding fees / interest rates; treat other group chat emotions as background noise. Anyway, survival comes first.