The true source of DeFi risk often doesn't lie in leverage itself. The real issue? Uncertainty.



Floating interest rate fluctuations, sudden price drops, unpredictable liquidation triggers—these are the key factors that can crush a position. Many people think risk management is just controlling leverage multiples, but it's much more than that.

When the market encounters scenarios you haven't considered and the model fails, that's the moment DeFi participants truly face risk. This is also why more and more projects are starting to redesign protocol mechanisms from a risk management perspective.
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WhaleSurfervip
· 01-07 18:55
That's right, leverage is just a facade; the real danger lies in those things you can't calculate. The liquidation trigger point is the most critical.
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BearMarketBardvip
· 01-07 18:54
That's right, but I've still been liquidated several times... Those seemingly perfect models are just jokes in the face of black swan events, really.
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SolidityStrugglervip
· 01-07 18:54
Basically, it's a black swan; no matter how good the model is, it can't save you.
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IntrovertMetaversevip
· 01-07 18:53
That's right, leverage is just a facade; the real chaos comes from those black swan events... Last time, I didn't expect stablecoins to decouple, and I got liquidated directly. Reading this article again makes me want to vomit.
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AirdropFreedomvip
· 01-07 18:51
You make some good points, but you still can't escape the fate of liquidation.
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