security
Token Approval
Permission you grant a smart contract to spend tokens from your wallet. DeFi protocols require approval before they can move your tokens. Many request unlimited approval for convenience, but a compromised protocol could drain all approved tokens. Use Revoke.cash regularly to check and revoke unnecessary approvals.
Related terms
Every glossary term is educational only. Nothing on this page constitutes financial, investment, tax, or legal advice. Browse all 356 terms →
Spotted an error? Report it on GitHub — our correction policy