Intro
The EtherspotApprovalTransaction component authorizes the spending of an asset, owned by yourself, by another Smart Contract. This Smart Contract can serve any purpose, but is usually associated with decentralised finance app (also known as DeFi) such as Uniswap or Gamma. In other words, it’s like giving your friend permission to spend some of your money, up to a certain limit. In this scenario, the friend is the Smart Contract mentioned above.## Component PropertiesComponent Properties
Property | Description |
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tokenAddress | The token’s Smart Contract address that will be permitted to be moved to the recieverAddress. |
receiverAddress | The destination blockchain address (on the same chain) permitted for the tokens located at tokenAddress to be moved to. |
value | The maximum value that the token address is allowed to move to the receiverAddress. |