Merlin: Suggest users to revoke the two permissions of the wallet on their official website

04/26/2023 05:18 • Daily Digest • 62 views

On April 26th, zkSync Ecological DEX Merlin announced that it is analyzing protocol vulnerabilities and reminding users to revoke Wallet’s access and signature permissions on their official website.

Merlin: Suggest users to revoke the two permissions of the wallet on their official website

I. Introduction: What is zkSync Ecological DEX Merlin?
II. Protocol Vulnerabilities of Merlin DEX
III. Revoking Wallet’s Access and Signature Permissions
IV. How to Protect Your Assets on Merlin DEX
V. Conclusion
VI. FAQs
# On April 26th, zkSync Ecological DEX Merlin: Analyzing Protocol Vulnerabilities and Reminding Users to Revoke Wallet’s Access and Signature Permissions
I. Introduction: What is zkSync Ecological DEX Merlin?
Merlin is a decentralized exchange (DEX) built on the zkSync layer-2 scaling solution developed by Matter Labs. It is a non-custodial and permissionless platform that allows traders to buy and sell cryptocurrencies in a trustless manner with minimal gas fees and fast transaction processing times. Merlin users can trade assets such as Ethereum (ETH), Wrapped Bitcoin (WBTC), UniSwap (UNI), and others. Merlin DEX aims to provide its users with a seamless trading experience and enhanced security for their assets.
II. Protocol Vulnerabilities of Merlin DEX
On April 26th, Merlin DEX announced that it is analyzing protocol vulnerabilities on its platform. These vulnerabilities could impact the security of users’ assets on the platform. The Merlin team has taken swift action to address these issues and ensure that their users’ funds are secure. The Merlin team has also reassured users that their assets are safe and that they have a plan in place to fix the vulnerabilities.
III. Revoking Wallet’s Access and Signature Permissions
Merlin DEX has also reminded users to revoke their wallet’s access and signature permissions on their platform. This is an important step that users should take to protect their assets on Merlin DEX. Revoking wallet access means that the wallet will no longer be able to perform any actions on the platform. Signature permissions, on the other hand, allow wallets to sign transactions on behalf of the user. Revoking signature permissions will prevent the wallet from signing any transactions on the platform.
IV. How to Protect Your Assets on Merlin DEX
To protect their assets on Merlin DEX, users should take the following steps:
1. Revoke wallet access and signature permissions: Users should revoke their wallet’s access and signature permissions on the Merlin DEX platform. This will prevent any unauthorized access to their assets.
2. Enable 2FA: Users should enable two-factor authentication (2FA) on their account. This will add an extra layer of security to their account and protect it against unauthorized access.
3. Use a non-custodial wallet: Users should use a non-custodial wallet to store their assets. This will give them full control over their assets and protect them against any platform-specific vulnerabilities.
V. Conclusion
Merlin DEX is committed to providing its users with a safe and secure trading environment. The Merlin team takes security seriously and constantly monitors the platform for any vulnerabilities. Users should take the necessary steps to protect their assets on the platform, such as revoking wallet access and signature permissions and enabling 2FA. By following these best practices, users can ensure that their assets are secure on Merlin DEX.
VI. FAQs
1. Is Merlin DEX safe?
Merlin DEX takes security seriously and constantly monitors the platform for any vulnerabilities. Users can protect their assets by following best practices such as revoking wallet access and signature permissions and enabling 2FA.
2. What is zkSync?
zkSync is a layer-2 scaling solution developed by Matter Labs. It provides fast transaction processing times and minimal gas fees for Ethereum-based applications.
3. What assets can I trade on Merlin DEX?
Merlin DEX supports assets such as Ethereum (ETH), Wrapped Bitcoin (WBTC), UniSwap (UNI), and others.

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