Simple steps to safeguard your wallet from unlimited ERC-20 allowance risks By Cointelegraph



Simple steps to safeguard your wallet from unlimited ERC-20 allowance risks

Participating in the decentralized finance space often necessitates the need to grant projects certain permissions to spend tokens from one’s own wallet.

These permissions — called ERC-20 allowances — help to simplify the smart contract interaction processes that allow users to send funds to a contract while simultaneously calling a state change function.