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Penguin Antarctica-

Why is it necessary to sign when placing a limit

order?

#1inch #blockchain #cryptocurrency #english
0

5 ответов

2 просмотра
undoubted08 | serv.eth-

What do you mean "to sign"? You mean the approval? It is required for ERC20 tokens, approval is an interaction between you and the token's contract. This lets the token contract know that you are allowing the protocol to use your tokens for swapping.

0
18.04.2022
Penguin Antarctica- Автор вопроса

Yes, for limit orders, you have to sign some kind of message. However, with regular orders on 1inch, you don't need to sign anything, it's the traditional way of approving (similar to Pancakeswap / Uniswap).

0
18.04.2022
undoubted08 | serv.eth-
Penguin Antarctica
Yes, for limit orders, you have to sign some kind ...

I think that would depend on the token you're approving—some will enable users to sign a message.

0
18.04.2022
Penguin Antarctica- Автор вопроса
undoubted08 | serv.eth
I think that would depend on the token you're appr...

Thanks. What are the conditions when signing is required?

0
18.04.2022
undoubted08 | serv.eth-
Penguin Antarctica
Thanks. What are the conditions when signing is re...

I think it only depends on a token, like USDC for example and your wallet as well. Approval is only once per token an per protocol.

0
18.04.2022

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