You're absolutely right to be cautious with WalletConnect, especially with the rise of phishing attempts targeting unsuspecting users. The convenience of connecting to dApps via WalletConnect has made it a popular choice, but that same accessibility also makes it a prime target for malicious actors. It’s critical to recognize that just because a wallet interface looks legitimate, it doesn’t mean it's safe. Scammers are increasingly sophisticated, and some of these fake dApps can be incredibly convincing, especially on mobile where users might be less vigilant.
Using multisig wallets or burner wallets is a smart approach to limit the risk, as it adds an additional layer of security by requiring multiple signatures for transactions. Burner setups, in particular, are useful for low-value transactions where you can afford to take a bit of risk, but you’re still keeping your main wallet assets isolated from potential threats.
For my setup, I prefer to avoid connecting WalletConnect to my primary wallet — instead, I use it for more specific use cases with burner wallets or hardware wallets that are not holding significant amounts of crypto. This way, even if a dApp turns out to be a phishing attempt, the damage is limited.
In essence, I would highly recommend downgrading from using WalletConnect with your main wallet, especially given the current increase in phishing attempts. It’s better to be cautious and segregate your assets to minimize potential risks. Always double-check dApp URLs and be wary of any unusual prompts that ask for private keys or sensitive information.