Recently, everyone has been arguing whether the extreme funding rate is a reversal or just a continuation of the bubble squeezing.


I instead focus on a more boring matter: don't keep unlimited approvals for contracts/DeFi...
To put it simply, once you give permission, it's like putting the key in their pocket; when you wake up, you might not lose money from volatility, but from permissions not being revoked.
I now habitually check the approval list before bed. A couple of days ago, I saw an old interaction with a Router still showing unlimited, and on-chain records showed my approval was still 0x8c…d1 at the end.
Thinking about it gives me the chills, so I revoked it immediately.
Being a step slow is being a step slow; I can avoid placing orders when signals are unstable, but permissions are not something to gamble on luck with.
That's all for now.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin