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Altcoins & DeFi

A DeFi App Can Show Lending Positions Without Authorizing Deposits

Image: TokenPost

A DeFi app's interface presents a view of a lending position stored onchain, while protocol rules and available assets determine whether funds can be withdrawn. Linking a wallet to an app does not itself authorize a deposit into a lending protocol. The app can display a position, but that display does not determine when funds can be withdrawn. Wallet connections and token approvals are separate. An approval can allow an app to transfer approved tokens, and disconnecting a wallet does not remove permissions already granted; the permissions work separately . Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

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