Token Approvals

How to Revoke Smart Contract Token Approvals

Token approvals are an essential part of web3. Before you can swap tokens, provide liquidity to liquidity pools, or stake with farms, users must first allow smart contracts to access their assets. Once approved, the smart contract will have permission to use the approved amount of tokens. This is usually not a problem, but bad actors could steal your funds if you are not careful. Read on to learn more.