Feeling like you’re three steps away from liquidation the moment your lending position is near the liquidation line—really like an octopus tentacle getting pinched in a door... Don’t try to tough it out first. The first thing I’ll do is figure out whether I can still “sleep at night”: add a bit of collateral to pull the line further away, or just reduce the position and lower the leverage—don’t expect the market to give you any respect. Then set up your alerts: when the chain gets congested and Gas spikes, you won’t even be able to top up, and it’s painfully awkward.
Lately, everyone’s been ta
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