As a long-term BNB holder, the hardest times are those unavoidable moments—desperately needing cash but reluctant to sell at a low point. The CDP collateralized debt position mechanism completely changed my understanding of holding tokens.

The core advantage is quite straightforward: you can lock BNB in a smart contract and directly borrow lisUSD to use, while your underlying assets remain intact. This way, you preserve the potential gains from future price increases and solve liquidity issues. Simply put, it's "both—yet—"—not leaving the market, not cutting losses, and still having money to spend.

My approach is like this: during market downturns, I borrow stablecoins to top up positions or cover daily expenses; when the market recovers, I gradually repay the loan. After some adjustments, I can participate in the market without being forced to buy high. Long-term holders in the 2026 market cycle can indeed live more comfortably with this strategy.

The key is to understand the logic behind CDP—it's about making your assets more flexible and liquid, rather than being locked in. Learning to use these tools well is the way to truly escape the anxiety of selling tokens and give your wealth room to breathe.