To ensure safety while interacting with dapps, follow these best practices:
- Before depositing or transacting with tokens, safely save and store important information, such as the PIN and Recovery Phrase.
- Never share the PIN or Recovery Phrase unless the recipient is trusted with all tokens.
- Conduct thorough research (DYOR) on dapps before using them, and engage only with dapps that are trusted.
- Use only the amount of funds that can be risked, as cryptocurrencies can be volatile and carry high risks.
- Understand the requirements, processes, and timelines involved with any dapp. For example, staking MOBI on Mobius includes:
- Requirements: Ownership of MOBI.
- Process: Staking MOBI involves multiple steps, such as locking MOBI, voting on a pool, and manually claiming rewards.
- Timeline: MOBI must be locked for more than a week to vote on pools.