Wallets & SecurityIntermediate

Unlimited approval

A token-spending permission set to a very large allowance rather than the amount needed for one action.

PLAIN-ENGLISH DEFINITION

In more detail

Apps may request this to avoid another approval transaction each time you return. Permission stays tied to one token and spender, but can expose more of that token balance than today's swap needs. The trade-off is fewer approvals against broader access if that spender becomes malicious or compromised.

IN THE WILD

How you might use it

"I'm swapping 20 tokens, but the approval request covers far more than this swap."

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By Crypto Dictionary · Published · Updated

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