When it comes to lending and borrowing, even when you're three steps away from the liquidation line, you're still thinking "It should rebound, right?"—basically just waiting for the system to liquidate your position. My approach is very cowardly: treat the position as if it's already gone, and immediately choose an action—add margin, reduce position, or just close it—don't keep jumping back and forth. To put it simply, liquidation isn't the point where you lose the most; the most annoying part is the slippage + fees on-chain at that moment, which makes you doubt life.

Recently, there's been more talk about re-pledging and sharing security to stack yields like stacking dolls... I find it quite funny to watch, with the yields written like paychecks and the risks hidden like IOUs. When you're close to the red line, don't expect "adding another layer of yield" to save you; first, pull your survival line further away.

I'm not always right either; anyway, I'd rather earn a little less than get educated by a liquidation alert. That's how it is for now.