When the lending position is just three steps away from the liquidation line, I basically stop gambling with my luck. To be honest, I do it to save my skin: either add some collateral, or repay part of the debt to pull the line further away. If I really don’t want to touch the principal, I simply reduce the position or close it, treating the fees as the cost of clearing out. The worst part is when you keep flipping prices while stubbornly refusing to admit defeat, and the last wave of volatility directly teaches you a lesson...

These days, hardware wallets are out of stock again, and phishing links are everywhere. It’s both funny and infuriating: the position is almost about to explode, and you still want to click on an “airdrop claim” to recover some funds? My current rule is, the closer to the red line, the less I do any “new operations,” and I try not to sign anything either. First, I stabilize the account and private keys, so I don’t get liquidated or phished out first. That’s how I’ll proceed for now.