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  • DOCUMENTATION
  • ANNOUNCEMENTS
    • Matrixport App Now Supports XAUm Mint/Redeem
    • XAUm Now Supported on More Secondary Markets
    • STBT Now Supported as Underlying Asset for Minting Zoth zeUSD
    • Matrixdock Officially Launches Product Upgrade to Deepen RWA and AI Integration
    • Earn Yield Using XAUm on Morpho
    • Other Announcements
      • Listing of XAUm as Collateral on Lending Platforms
      • Matrixdock Partners with Brink’s for Global RWA Custody, Starting with Gold
      • Matrixport Swap Officially Support XAUm, Swap $10 Into Gold Instantly
      • XAUm Online Order Feature Launched
      • XAUm Limited-Time Promotion: Minting Fee Waived!
      • Matrixdock Officially Launches Gold Token, XAUm
      • Important Announcement Regarding STBT Underlying Asset Handling
      • Matrixport KYC-L4 users can borrow USDT/USDC against STBT now!
      • Notice Regarding STBT Daily Asset Statement
      • STBT Comprehensive Upgrade! T+1 Minting, T+0 Redemption, and Zero Redemption Fee or Service Fees!
      • Matrixdock x BNB Chain Red Envelope Campaign Announcement
      • STBT: Notice on the Continuation of Prometheus Solutions Ltd. to BVI
  • GET STARTED
    • What is Matrixdock
    • Onboard with Matrixdock
  • GOLD TOKEN - XAUm
    • Token Features
    • Minting & Redeeming
    • Secondary Markets
    • XAUm Use Cases
      • Yield Generation
      • Collateral & Lending
      • Leveraged Spot Gold Strategy
      • Matrixdock Smart-Invest
    • Multi-Chain Networks
    • Physical Gold Custody
    • Physical Gold Vault Audit
    • Licenses and Certificates
    • Smart Contract
      • Contract Address
      • Contract Audit
    • Whitepaper
    • FAQ
  • TREASURY BILL TOKEN - STBT
    • Token Features
    • Minting & Redeeming
    • Secondary Markets
    • Technical Guidance
      • Why don't I see my wallet
      • What is token approval
      • How to display STBT token in wallet
    • Smart Contract
      • Contract Address
      • Contract Audit
    • FAQ
  • NON-REBASING STBT - wSTBT
    • Token Features
    • Wrap & Unwrap
    • Contract Address
  • LEGAL
    • Terms of Use
    • Restricted Countries/Regions
    • Non-Solicitation Declaration
    • Privacy Policy
    • AML Statement
    • Token Terms and Conditions
      • STBT Terms and Conditions
      • XAUm Terms and Conditions
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  1. TREASURY BILL TOKEN - STBT
  2. Technical Guidance

What is token approval

PreviousWhy don't I see my walletNextHow to display STBT token in wallet

Last updated 8 months ago

In short: permission for a dapp to access and move a specific type of token from your wallet.

These prompts will often appear in MetaMask if you're a frequent user of decentralized exchanges (DEXs) and DeFi in general. Most platforms rely on you depositing or transferring your tokens to them for one reason or another. However, clicking buttons such as 'Transfer', 'Deposit', or 'Move' won't do anything unless their dapp has your permission—as the wallet owner—to do so.

This is why token approvals are necessary: they enable the dapp to access and move your tokens on your behalf.

For more detailed information, see the following site:

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