Recently translating white papers for several lending protocols, the more I look, the more I realize that oracle price feeds are not at all "back-end"—a delay in price feeding means the health status you see might just be an old snapshot: the market has already crashed, but the contract still calculates based on the old price, and only triggers liquidation once it updates. The feeling is like "I was fine just now, and suddenly I'm gone." The same applies when prices go up; don't expect it to immediately pull you out of danger.

I treat complexity as an enemy: don't see liquidation as a probability event, but as a timer that will happen—more reliable.

By the way, I want to complain about the recent social mining and fan token schemes—"attention as mining." Honestly, attention is more like a data source for oracles—prone to delays and manipulation. Relying on it as a basis for pricing makes me a bit uneasy. Anyway, my approach is: use less leverage, leave some buffer, pay more attention to oracle update frequency and anomaly handling. I’d rather be slow than gamble on it always being timely.