Black swan events in the crypto world always come unexpectedly. When you suddenly find the market plunging 20% in a day and your borrowed positions are at risk, whether you can survive depends entirely on whether you've planned your response in advance.

First, take a deep breath. Don't rush into reckless actions. The first step is to calmly open your lending platform and check the health factor of each position one by one. This step is crucial—understanding your true situation is the only way to make rational decisions.

Next, take action if necessary. If you still have idle funds in your account, immediately add collateral—this is the most direct way to stop the bleeding. If funds are insufficient, act quickly: sell off non-core cryptocurrencies, or cash out recent mining rewards, using the proceeds to pay down some debt and bring your health factor back to a safe level. Time is money; delays are not an option.

The third step: prepare for the worst. If the market continues to deteriorate and the situation becomes uncontrollable, instead of being forcibly liquidated and suffering losses, it’s better to take the initiative—repay debts manually, and reclaim collateral that can still be saved, minimizing losses.

Finally, post-mortem analysis is very important. After the storm passes, calmly review: why was this so risky? Was the leverage set too aggressively? Was the risk buffer sufficient? Turn the lessons learned into a protective moat for the next time. Remember—survival is the key to having a chance to bounce back.