Coin98 Super Wallet now supports the Wallet Approval tool, revokes token allowances from dApps on all supported Blockchains, and protects users from potential loss risks.
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To trade, farm, stake, or interact with any dApps, you are required to allow smart contracts to access your assets. There are 2 approaches to allowance: Allow for a specific amount of tokens and unlimited approval.
Allow for a specific amount of tokens: you give access to a particular amount of tokens for smart contracts of DApp. It can not exceed the maximum number of tokens that you grant.
Unlimited approval: It means that you provide a smart contract with full permission of your funds.
Unlimited approval brings them a fast and frictionless experience; however, it might potentially affect the risk of asset loss if you interact with untrustworthy platforms or scamming pools.
It is recommended not to grant unlimited access to a platform to keep your funds safe.
Step 1: On the mainscreen of the Coin98 Super Wallet, select Discover icon
Step 2: Select Services category, and choose Wallet Approval to start revoking the token.
Step 3: Select the blockchain and the wallet which you often use to interact with DeFi services.
Step 4: Click on the [x] icon next to any contract from which you would like to revoke the permission.
Step 5: Click Confirm for completion and wait for seconds. All done!
Note: This revocation process will require a small gas fee. Please ensure you have enough father tokens in your wallet to cover the gas fees for revoking transactions on each blockchain. What is Gas Fee?
