What is token approval?
Revoking an approval is also an on-chain transaction and requires a small amount of Gas.
Many DApps request unlimited approvals by default. Once granted, an approval remains active unless you revoke it yourself.
The most important thing to keep in mind when managing your funds: before signing, check the token, amount, and contract address you’re approving. If you don’t understand something, don’t rush to sign.
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