MosaicBowtieRealm

I usually draw three lines for my lending positions: comfort zone, warning zone, and red line. When it really comes to "three steps away from the red line," I don't think about stubbornly resisting the rebound; the first thing I do is lower the leverage first: add a small amount of collateral + repay a small portion of the debt, prioritizing widening the liquidation price, even if it means earning a little less, it's more reassuring. The second thing is to cut some of the highly correlated positions, keep cash/stablecoins on hand, so I won't be unable to move when the chain is congested. Recen

Today the rain is a bit heavy, and the traffic on the road made my coffee go cold... I casually looked at the chain again, and once more debated whether to give creators royalties in the secondary market. To be honest, royalties are like a "moral tax"; when the market is good, everyone is willing to show some sentiment, but when the market is bad, people start taking detours to save that friction cost, which ultimately makes liquidity more fragmented.
I myself am now more conservative: I separate the "value of the work itself" from the "trading chips," and prefer to keep positions smaller and