That “approval” that pops up before you sell tokens on a DEX—what exactly does it approve?
First, what it is: An approval doesn’t transfer tokens immediately, but the contract granted approval can withdraw those tokens at any time, up to the approved amount.
How it works: An approval is like giving someone written permission to withdraw money from your account—the higher the limit and the longer it lasts, the greater the risk.
Related token: $ETH is quoted at 1732.64, down 10.3% over 24 hours.
Don’t invest money you’ve borrowed; the pressure can easily lead you to make bad decisions.
#ETH
First, what it is: An approval doesn’t transfer tokens immediately, but the contract granted approval can withdraw those tokens at any time, up to the approved amount.
How it works: An approval is like giving someone written permission to withdraw money from your account—the higher the limit and the longer it lasts, the greater the risk.
Related token: $ETH is quoted at 1732.64, down 10.3% over 24 hours.
Don’t invest money you’ve borrowed; the pressure can easily lead you to make bad decisions.
#ETH