->> https://ronin.axiedao.org/revoke/ <<-
The Axie Dao Token Revoke Tool allows the user to check and revoke the token approvals of their Ronin Wallet. This feature is particularly useful for removing permissions for dApps or Smart Contracts you no longer use or suspect is unsafe.
How to Use the Token Revoke Tool
Step 1: Access the Token Revoke Tool
Currently, the tool only works for PC with the Ronin Wallet Extension. Open the Token Revoke Tool page. You will be asked to connect to your Ronin Wallet if you are not yet logged in to your Ronin Wallet Extension.
Step 2: Connect to you Ronin Wallet
After clicking on the Connect to Ronin Wallet button, the interface should change to show you the token permissions you currently have approved in your wallet.
Step 3: Click "Revoke" to remove token approval
Clicking on the Revoke button will prompt an Approval in your Ronin Wallet Extension. Press Confirm to go through the process. The token approval should appear crossed out and and show as "Revoked!"
Step 4: Refresh the page to check if the token permission has been removed
When you refresh the page, the approval should be gone.
Importance of Revoking Token Approval
When you approve a token, you are setting a spending limit; which is most of the time set to unlimited allowance. That means that you are letting the smart contract access that amount of token. If the contract becomes malicious because of a hack, it can suck out your tokens depending on the spending limit.
It is important to verify the smart contract you are interacting with and to never interact with unknown sources. We should always double-check the contract address to keep our wallets safe.