The first page of my study notes says: Understand it before you place an order.
Today's topic: Token approvals
Many apps request approval for an unlimited amount by default. This approval remains in effect indefinitely unless you revoke it yourself.
Before confirming an approval, check which token you're approving, the amount, and the contract address. If you don't understand it, don't rush to sign.
Token mentioned: $ETH . Current price: 2386.13 (24h: -3.65%).
This is not investment advice. You assume all risks.
Today's topic: Token approvals
Many apps request approval for an unlimited amount by default. This approval remains in effect indefinitely unless you revoke it yourself.
Before confirming an approval, check which token you're approving, the amount, and the contract address. If you don't understand it, don't rush to sign.
Token mentioned: $ETH . Current price: 2386.13 (24h: -3.65%).
This is not investment advice. You assume all risks.