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