PersistsUntil revoked — not until you lose interest
FBT Swap
What you should know
Anything that acts without you present needs permission to move your funds. That permission is the real cost of automation, and it is usually described in the interface as a convenience step.
The permission does not expire when your interest does.
The forms permission takes
An unlimited token approval to a contract that can then transfer that token at any time. A session key with scoped authority for a period. A delegated signer on a smart contract wallet. Or full custody, where you send funds to a service.
These differ enormously in exposure, and interfaces present them with similar friction.
What goes wrong
The contract holding the permission is exploited. The operator behind it acts against you. The strategy encounters conditions its authors did not anticipate and executes faithfully into a loss. Or you forget the permission exists and it is used years later.
All four have happened repeatedly, and the last is the most avoidable.
Permissions also outlive the interface that requested them. A front end shutting down revokes nothing; the approval sits on-chain against a contract nobody maintains. Abandoned protocols are a standing liability for everyone who ever used them and never cleaned up afterwards.
Scoping it down
Prefer approvals limited to the amount needed. Prefer session keys with an expiry over open-ended delegation. Prefer non-custodial designs where the contract can act on your position but cannot withdraw to an arbitrary address.
Review and revoke what you no longer use. A permission granted for a strategy you abandoned is pure unhedged exposure.
The trade-off stated honestly
Automation genuinely helps with things humans do badly — reacting at three in the morning, rebalancing consistently, topping up collateral before liquidation. Those are real benefits and sometimes worth real exposure.
FBT Swap is non-custodial and executes nothing without your signature. That means no automated execution and no standing authority over your funds; the trade-off is explicit rather than hidden.
At a glance
At a glance
01
Required
Standing permission to move funds without you present
Scope to amount, prefer expiry, review and revoke regularly
FAQ
Frequently asked questions
Clear answers before you decide.
Is a keeper bot custodial?+
It depends on the design. Some can only act on your position within defined bounds; others can withdraw to arbitrary addresses. Which one you are using is worth establishing before granting anything.
Can I automate without approvals?+
Not meaningfully. Acting on your behalf requires authority over your funds in some form. Limiting scope and duration is realistic; eliminating the requirement is not.
Does FBT Swap run automated strategies?+
No. It is non-custodial and every swap requires your wallet signature, so there is no standing authority and no unattended execution. Alerts notify; they never fill.
Risk notice
Crypto assets are volatile and on-chain transactions cannot be reversed. You can lose money, including all of it. Nothing here is financial advice.
