Infinite Approval
Infinite Approval means giving permission to a smart contract to use any amount of your cryptocurrency without needing to ask for approval each time.
More terms under I
- ImmutableA characteristic that means something cannot be changed or altered once it's created, especially over time.
- Impermanent LossImpermanent loss happens when a person providing liquidity to a trading pair experiences a temporary decrease in the value of their funds due to price changes.
- In-the-Money / Out-of-the-MoneyIn-the-money means an option has value because the current price is favorable compared to the option's strike price. Out-of-the-money means the option has no…
- Infinite Mint AttackAn infinite mint attack happens when a hacker creates an unlimited number of tokens in a cryptocurrency system, which can lead to problems like devaluing the…
- InflationInflation is when prices go up and money buys less than it used to.
- Initial Bounty Offering (IBO)An Initial Bounty Offering (IBO) is a way for a new project to start by encouraging people to offer their skills and services instead of paying with money.
Educational definition. Protocol rules and market conventions can differ; check an asset's official documentation.