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> Does this mean I have to check every transaction I enter to run arbitrary code with full access to my wallet? No, for the same reason you don't check the cod
by ikt 5y ago
> Does this mean I have to check every transaction I enter to run arbitrary code with full access to my wallet?
No, for the same reason you don't check the code on every website you visit, if you want to be even more secure then just stick to blue chips like aave, curve, etc you can see how much is sitting in popular defi contracts here: https://www.defipulse.com/ https://www.defipulse.com/
You also don't give an ethereum contract full access to your wallet, you need to approve access to however much you want the contract to have access first then you get a second prompt to allow the contract to run.
You're talking like one accidental misclick and all your money is gone.
If you're super duper paranoid you might want to look at something like argent wallet (https://www.argent.xyz/ https://www.argent.xyz/) which lets you do common trades, defi, staking etc from within the app so you don't have to worry about random contracts and there's no seed phrase so no need to worry about that either.
This went on way longer than i expected
- betwixthewires 5y ago> You're talking like one accidental misclick and all your money is gone. This is literally happening right now all over the place. Just go to any reddit cryptocurrency sub and do a search for "free token scam." People are finding free tokens in their wallets, trying to spend them and having their wallets emptied. I don't check code on every website I visit because websites can't just empty my life savings with no recourse.