Cutting losses is really the same as a breakup. The longer you drag it out, the more expensive the interest, and the worse your mindset becomes. Yesterday I looked at a lending pool—someone’s collateralization ratio had even spiked to 110% and they still kept stubbornly holding on, managing to drag themselves from a position into a black hole. As for me, I do small fixes; patch the gap and leave—consider it patching the damage.

Recently, miners’ income has been thrown into chaos by MEV and ordering issues. Retail investors are getting an earful, but I think it’s simply the market pricing inefficient liquidity. Anyway, when I liquidate, I just watch the interest-rate curve; if the parameters are healthy, that’s enough—don’t overthink it.