Polynomial Earn Docs

Overview
Polynomial Earn Vaults
FAQ
Fee
Risk
Rewards
FUNDAMENTAL
- Options Primer
- Premium collection
TECHNICAL IMPLEMENTATION
Vault strategies
- Call Selling
  - Asset collateralised
  - sUSD collateralised
- Put Selling
  - Vault strategy
Smart contracts
- Audits
- Deployed Contracts
🫂Community Content
- Community Content

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TECHNICAL IMPLEMENTATION

Approve

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Last updated 2 years ago

TL;DR:- Approvals are required because Polynomial uses the Ethereum blockchain to settle transactions.

When using a Decentralized Application(dApp) like Polynomial, you must first approve each token you plan to deposit. Polynomial uses smart contracts on the Ethereum blockchain to execute transactions.

To use a smart contract, you must :

Permit it to validate your token balance
Let it transfer the number of tokens you wish to trade from your wallet.