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I've granted allowance to a smart contract to spend some tokens on my behalf, but it seems i gave it unlimited access.

I want to revoke this access as i now know that this could be a potential opening for an attack on my address(wallet).

I noticed that block explorers like etherscan or wallets like coinbase have a tool that makes revoking approvals possible.

I'm interested in knowing how this would work, and how i can build something similar. I dont think this is a feature that ERC20 OR ERC721 tokens currently support natively.

Thanks.

1 Answer 1

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You just need to call the contract's function setApproval(ERC721) or setApprovalForAll(ERC1155 & ERC721) and pass false as the bool value

EDIT - added ERC20 standard

//for ERC1155 & ERC721
function setApprovalForAll(address operator, bool approved)

//only for ERC721
function approve(address to, uint256 tokenId)

//for ERC20 according to the EIP-20
function approve(address _spender, uint256 _value) public returns (bool success)
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  • It seems not all tokens support this though. This USDC token for example: etherscan.io/token/…
    – KelvinIOT
    Commented Dec 9, 2022 at 4:05
  • It does but the function name is different; this one is an ERC20 :D I suggest you take a look at eips.ethereum.org/EIPS/eip-20, that is the Standard functions that must be implemented; maybe you can also search for the documentation of the smart contracts you want to interact with
    – Casareafer
    Commented Dec 9, 2022 at 4:21

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