Just saw something and it made my heart skip a beat. It’s the kind of dApp you used to grant contract approvals for, where the allowance is written as unlimited. If the project runs into any trouble, they can directly wipe your position. Put simply, it’s the same as falling asleep without locking the door—one day you wake up to find your money is gone, and you don’t even know who to cry to.



Anyway, I check my authorizations every month. If I can revoke it, I revoke it. Don’t嫌麻烦. I’m going to put the line “one-click lock the door before bed” up on the wall.

Recently, all that hot debate about re-staking and shared security has been going on like crazy—things like nesting or “doll within a doll” style yield stacking. It sounds headache-inducing. I treat complexity as the enemy. Taking one step to simplify is a step forward. Don’t always think about stacking everything on top of everything. Keep your positions under control, and sleeping soundly is better than anything.

That’s it for now—go quickly check your own authorization list~ Don’t stay up too late.
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