The market will educate those who are never satisfied
Anyway, I’ve been scared into it
Now I’d rather earn a little less than be woken up in the middle of the night by liquidation text messages.
These days I’ve been researching the Babylon and Aave V4 testnets. My biggest takeaway is just one line:
In the past, I was afraid of platforms; now I should be more afraid of myself.
This TBV design is indeed very elegant.
BTC stays on the Bitcoin mainnet—no custody, no private keys shared. The risk of running away is basically eliminated.
But I also deeply understand that code won’t go easy on me just because I’m an old user.
Once LTV drops below the safety threshold, pre-signed transactions kick in immediately. The liquidator coordinates with zero-knowledge proofs to complete the process. The BTC you see will quickly become collateral in someone else’s eyes.
Throughout the whole process, there’s no human operation.
And there’s no regret medicine.
So I’ve always believed that for people who play with collateralized lending, the most important thing isn’t figuring out how to borrow more—it’s figuring out how to die less.
My habits haven’t changed.
If I can borrow 70%, I borrow at most 40%.
When the market is good, you think you’re being conservative. When the market turns bad, you realize that this is what it means to leave a lifeline for your future self.
The second thing is early warning.
I won’t wait for the protocol to tell me that danger is here before I act. Instead, I set my own red lines in advance. When there’s still some distance from danger, I start preparing additional funds for top-ups. When it gets closer, I repay directly—I don’t gamble on luck with the market.
Can’t gamble, can’t gamble.
#Baby $BABY @BabylonLabs_io
Anyway, I’ve been scared into it
Now I’d rather earn a little less than be woken up in the middle of the night by liquidation text messages.
These days I’ve been researching the Babylon and Aave V4 testnets. My biggest takeaway is just one line:
In the past, I was afraid of platforms; now I should be more afraid of myself.
This TBV design is indeed very elegant.
BTC stays on the Bitcoin mainnet—no custody, no private keys shared. The risk of running away is basically eliminated.
But I also deeply understand that code won’t go easy on me just because I’m an old user.
Once LTV drops below the safety threshold, pre-signed transactions kick in immediately. The liquidator coordinates with zero-knowledge proofs to complete the process. The BTC you see will quickly become collateral in someone else’s eyes.
Throughout the whole process, there’s no human operation.
And there’s no regret medicine.
So I’ve always believed that for people who play with collateralized lending, the most important thing isn’t figuring out how to borrow more—it’s figuring out how to die less.
My habits haven’t changed.
If I can borrow 70%, I borrow at most 40%.
When the market is good, you think you’re being conservative. When the market turns bad, you realize that this is what it means to leave a lifeline for your future self.
The second thing is early warning.
I won’t wait for the protocol to tell me that danger is here before I act. Instead, I set my own red lines in advance. When there’s still some distance from danger, I start preparing additional funds for top-ups. When it gets closer, I repay directly—I don’t gamble on luck with the market.
Can’t gamble, can’t gamble.
#Baby $BABY @BabylonLabs_io