Curvance
  • Protocol Overview
    • Click Less, Earn More
    • Protocol Architecture
    • Asset Types
    • Liquidity Markets
      • Borrowing
      • Liquidations
      • Interest Rates
      • Oracles
      • Collateral Caps
      • Bad Debt Socialization
    • Application Specific Sequencing
    • Multichain Architecture
      • Multichain Gauge System
      • Multichain Vote Escrow System
    • New Age Liquidity Mining
      • Protocols
      • Chains
    • How Are New Assets Integrated
    • Specialized Blockchain Integrations
    • Plugin System
    • Universal Account Balance
    • Token Approval Management
    • Lending Risks
  • CVE Token
    • Token Utility
    • veCVE
      • Curvance DAO
      • Revenue Model
      • Emergency Unlock
  • Security
    • Security and Audits
  • Miscellaneous
    • RPCs and Testnet Stability
    • Glossary
    • TL;DR
      • Customer Types and Benefits
    • Brand Assets
    • Weblinks
    • Disclaimer
    • Frequently Asked Questions
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On this page
  • Token Approvals
  • Token Approval Options
  • Approval Revocation
  • Asset Lockdown System
  • Features of the Cooldown System
  • Why It Matters
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  1. Protocol Overview

Token Approval Management

Token Approvals

Curvance offers a robust and user-friendly token approval system, ensuring users have full control over their assets while interacting with the platform. This system provides flexibility, security, and transparency, making it easier to manage token interactions and minimize risks.

Token Approval Options

  1. 1/1 Approvals: Users can approve tokens for each individual transaction, providing maximum control and limiting risk.

  2. Infinite Approvals: For convenience, users can approve tokens once for unlimited transactions with that asset, eliminating the need for repeated confirmations.

Approval Revocation

Curvance includes an Approval Revoke System that serves as a public good, which allows users to:

  • View Current Approvals: Check all active approvals to monitor asset permissions.

  • Revoke Specific Approvals: Remove approval for individual assets.

  • Revoke All Approvals: Instantly cancel all token approvals for enhanced security.

This feature ensures users can stay updated on their approval exposure and revoke access to their assets across DeFi whenever necessary.

Asset Lockdown System

The Asset Lockdown System is an additional layer of security and control that complements the token approval mechanism. It is an opt-in feature with customizable settings to protect users' assets.

Features of the Cooldown System

  • Opt-In Mechanism: Users can choose whether to activate the cooldown system based on their preferences and security needs.

  • Customizable Cooldown Timers: Users can set specific unlock cooldown durations to limit the immediate transferability of deposited tokens or balances.

  • Transfer Control:

    • On/Off Toggle: Users can enable or disable the ability to transfer deposited tokens and Universal Account Balance funds.

    • If the cooldown timer is decreased, it automatically applies a cooldown to transfers as an added safety precaution.

  • Plugin System Integration: The cooldown system extends to the plugin system, with a separate on/off toggle for plugin interactions, ensuring comprehensive control across the platform.

Why It Matters

The token approval and cooldown systems in Curvance are designed to provide a balance between flexibility and security:

  • Flexibility: Infinite approvals and plugin integration enable seamless and efficient DeFi interactions.

  • Transparency: Users can easily monitor and manage approvals, ensuring clarity over asset permissions.

  • Security: The cooldown system and approval revocation ensure users can limit risks associated with token interactions and unauthorized transfers.

By offering these features, Curvance empowers users to maintain full control over their assets while enjoying a streamlined and secure DeFi experience.

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Last updated 5 months ago