Here's a small update on the onchain ETH position I opened last month on @protocol_fx. Down bad % wise on the trade, but at least I am not paying funding fees to keep it open. There is a liquidation brake if ETH hits 1,260 (yesterday it was kind of close (at 1,385). Basically what will happen is that if the position crosses 1,260 (88% LTV), the system puts it back at 88% so that you never reach the 95% liquidation LTV. You keep the maximum possible exposure to the market in order to benefit from a potential price recovery. Will ETH make it long-term? I still have hope (a little).