4 ms·
The parent is probably thinking of websites which make use of ERC20's 'approve' method, which "Sets `amount` as the allowance of `spender` over the caller's tok
by dlubarov 4y ago
The parent is probably thinking of websites which make use of ERC20's 'approve' method, which "Sets `amount` as the allowance of `spender` over the caller's tokens."
It's used by a lot of DeFi apps, often with an unlimited amount. It doesn't give control of the tokens to a website, but rather to a contract. It's fine if the contract is secure and immutable, but of course that's not always the case.