What exactly does that “approval” that pops up before you sell tokens on a DEX allow?
Definition: Many DApps request unlimited approval by default. That approval remains active until you revoke it yourself.
How it works: Many phishing scams don’t need your seed phrase. They just need to trick you into approving a transaction, and they can drain your assets.
Quick look: $ETH is currently priced at 2520, up 0.52% over 24h.
Understand the rules before you get started, and don’t make decisions on impulse.
Definition: Many DApps request unlimited approval by default. That approval remains active until you revoke it yourself.
How it works: Many phishing scams don’t need your seed phrase. They just need to trick you into approving a transaction, and they can drain your assets.
Quick look: $ETH is currently priced at 2520, up 0.52% over 24h.
Understand the rules before you get started, and don’t make decisions on impulse.