EthereumAdvanced

Permit

A signed authorization that lets someone submit an ERC-20 allowance change on the token owner's behalf.

PLAIN-ENGLISH DEFINITION

In more detail

The owner signs a message instead of sending the usual approval transaction. ERC-2612 binds it to a spender, amount, nonce and deadline. Anyone can submit a valid permit under the standard, so signing can create meaningful spending permission even when no token transfer happens immediately.

IN THE WILD

How you might use it

You sign a permit for a named spender and limited amount; a relayer submits it to record the allowance onchain.

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By Crypto Dictionary · Published · Updated

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