Rugpull where developers exit-scam or exploits where hackers abuse a bug in the smart contract for their economic benefit is some of the most commonly heard terms in the defi space.

But, did you know that approving a project’s smart contract is as good as giving the password to your safe and allow the project to take funds from your safe whenever they want?

What does smart contract token approval mean?

Whenever you interact with a smart contract, it is likely to be around tokens, be it staking tokens on…

Steve Ng

simply curious about new technology on the block

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