When you approve a smart contract to spend unlimited amounts of a token from your wallet.
When you approve a smart contract to spend unlimited amounts of a token from your wallet. Most DeFi apps request this so you don't have to approve every single transaction. But if that contract gets hacked, the attacker can drain all approved tokens. Use revoke.cash to check and remove risky approvals.
Self-executing code stored on a blockchain that runs when conditions are met.
Software or hardware that stores your cryptocurrency private keys and lets you send and receive tokens.
Financial services built on blockchain without traditional intermediaries.
A DEX aggregator that splits trades across multiple decentralized exchanges to find the best overall price.
One of the biggest lending and borrowing protocols in DeFi.
A cross-chain bridge that uses an optimistic verification system and a network of relayers to move tokens between chains quickly.
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