šļø Crypto Basics | Ethereum ERC-20 Standard
Ā· What it is: Governance tokens for many DeFi protocols are ERC-20 tokens, such as Uniswapās $UNI .
Ā· How it works: The approve and transferFrom mechanism lets apps transfer tokens on your behalf within the authorized allowance. This is also the source of approval risks.
Ā· Reminder: When adding a custom token, verify the contract address with the projectās official sources and a block explorer. Donāt trust addresses provided by strangers.
$ETH 2313.88ļ¼+0.098%ļ¼
#ETH
Ā· What it is: Governance tokens for many DeFi protocols are ERC-20 tokens, such as Uniswapās $UNI .
Ā· How it works: The approve and transferFrom mechanism lets apps transfer tokens on your behalf within the authorized allowance. This is also the source of approval risks.
Ā· Reminder: When adding a custom token, verify the contract address with the projectās official sources and a block explorer. Donāt trust addresses provided by strangers.
$ETH 2313.88ļ¼+0.098%ļ¼
#ETH
