Why can one wallet hold thousands of different tokens?
Definition: Many DeFi protocols use ERC-20 governance tokens, such as Uniswap’s $UNI .
The logic behind it: The approve and transferFrom functions let apps transfer tokens on your behalf within the allowance you’ve authorized. This is also the source of authorization risks.
ERC-20 tokens are issued on Ethereum, and transfers require $ETH to pay gas fees. Current price: 2380.04.
Understand how it works before you get started. Don’t place an order on impulse.
#ETH
Just chatting—you're responsible for your own gains and losses.
Definition: Many DeFi protocols use ERC-20 governance tokens, such as Uniswap’s $UNI .
The logic behind it: The approve and transferFrom functions let apps transfer tokens on your behalf within the allowance you’ve authorized. This is also the source of authorization risks.
ERC-20 tokens are issued on Ethereum, and transfers require $ETH to pay gas fees. Current price: 2380.04.
Understand how it works before you get started. Don’t place an order on impulse.
#ETH
Just chatting—you're responsible for your own gains and losses.