Correct.

https://nostrcheck.me/media/9e69e420e60df69cd945510882cfe44d91757a2c58d1c21c027a7977d12360c2/90d629535e5f3026f46ee6943a962b9e7037ecebcc8ce78bca4eafc0535939ed.webp

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Discussion

You not only need to backup your database in the cloud, and key locally(and physically) but you should also have a backup of the current app version. Incase a update breaks and the devs decide to retire before fixing.

(It doesn't have to be malicious, but you can still get fucked.)