Lately, I've been watching everyone compare on-chain yields with U.S. Treasuries and RWA, but I feel even more anxious: the yields seem similar, but on-chain there's an additional "pricing oracle" variable—an almost mystical factor. There was a time I used a small leverage hedge, and when the market moved quickly, the oracle's price lagged behind, making it look like my position was safe on the surface, but in reality, the system had already flagged it for liquidation. By the time I reacted and added margin, it was too late... To put it plainly, it's not that you judged incorrectly; it's that you lost to delays and congestion.

Now I mostly avoid strategies that have liquidation lines very close, especially pools relying on a single oracle. I'd rather earn less and have stablecoin interest paid on time—that's a blessing. Anyway, I've been taught the lesson of zeroing out—it's better to stay alive.