A place for talking about the Ethereum Virtual Machine on Farcaster.

Token Approvals are one of the most annoying UX flows in EVM today

But the worst part is not even the extra step when transacting

The approval lives indefinitely and most of the times is unlimited

It’s both a short term nuisance AND a long term problem for users

I wonder if there is a way to redesign the ERC-20 that gives the same auth process without costing GAS and providing another address with unlimited access?

Doesn’t abstracting accounts just shift the problem to the paymaster? Then, wouldn’t you have a honeypot that’s a target?

ERC-777 is one alternative to ERC-20 but I believe its safe to say that initiative is dead now

We can only fix by abstracting transaction batching with Smart Accounts