Recently, I saw someone whose contract authorization was set to unlimited—yet their wallet was back to “square one” overnight… I’m honestly a little anxious. To put it bluntly, granting authorization is pretty much like locking the door before going to bed: if you don’t revoke the permissions, it’s like leaving the key in the door and expecting nobody to turn it. Especially now, when Memes and celebrities keep calling out buy signals in rounds and rounds—newcomers charge in fast, and even veteran players are urging others not to take the last swing—but a lot of the traps aren’t about whether prices go up or down. They happen the moment you click “Approve,” and then you simply forget about it.



Before I enter a pool now, I spend a while thinking things through, but the thing I’m most likely to miss is actually revoking authorization: after using a DApp once, when the hype fades after a couple days, I don’t even remember what permissions I granted. Anyway, my current approach is kind of old-school: after using it, I check my allowance (authorization amount). If I can reduce it, I reduce it; if I can revoke it, I revoke it… Earning a little less is fine. Just don’t end up getting wiped out in the middle of the night and then have to pretend you’re calm. For now, that’s what I do.
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
  • Pinned