diff --git a/ERCS/erc-7674.md b/ERCS/erc-7674.md new file mode 100644 index 00000000000..fb5afcfa0f9 --- /dev/null +++ b/ERCS/erc-7674.md @@ -0,0 +1,60 @@ +--- +eip: 7674 +title: Temporary Approval Extension for ERC-20 +description: Ephemeral ERC-20 approvals lasting a single transaction +author: Xenia Shape (@byshape), Mikhail Melnik (@ZumZoom), Hadrien Croubois (@Amxx) +discussions-to: https://ethereum-magicians.org/t/add-erc-7674-transient-approval-extension-for-erc-20/19521 +status: Draft +type: Standards Track +category: ERC +created: 2024-04-02 +requires: 20, 1153 +--- + +## Abstract + +This specification defines the minimum interface required to temporarily approve [ERC-20](./eip-20.md) tokens for spending within the same transaction. + +## Motivation + +User are often required to set a token approval that will only be used once. It is common to leave unexpected approvals after these interactions. [EIP-1153](./eip-1153.md) introduces `TSTORE`, which can be used to efficiently handle temporarily allowances. + +## Specification + +The key words "MUST", "MUST NOT", "REQUIRED", "SHALL", "SHALL NOT", "SHOULD", "SHOULD NOT", "RECOMMENDED", "NOT RECOMMENDED", "MAY", and "OPTIONAL" in this document are to be interpreted as described in RFC 2119 and RFC 8174. + +Compliant contracts MUST implement 1 new function in addition to [ERC-20](./eip-20.md): + +```solidity +function temporaryApprove(address spender, uint256 value) public returns (bool success) +``` + +A call to `temporaryApprove(spender, value)` allows `spender` to withdraw within the same transaction on behalf of `msg.sender` multiple times, such that the total withdrawn is less than or equal to the `value` amount. This temporary allowance is to be considered in addition to the normal (persistent) [ERC-20](./eip-20.md) allowance. The total value that spender is able to spend during the transaction is thus capped by the sum of the temporary and the normal (persistent) allowances. While it SHOULD be possible for a `transferFrom` operation to consume both types of allowance, the consumption of the temporary allowance SHOULD take priority over the consumption of the persistent allowance. Therefore, if the temporary allowance is sufficient for executing a `transferFrom` operation, the persistent allowance SHOULD not be loaded/updated from the storage. Consumption of persistent allowance, which implies storage accesses, SHOULD be performed only if the temporary allowance is not sufficient for the operation being executed. + +Each temporary allowance MUST persist until the end of the transaction that created it (unless overwritten by another call to `temporaryApprove` or consumed by a call to `transferFrom`). Each temporary allowance MUST be cleared at the end of the transaction that created it. See [Using Transient Storage](#using-transient-storage) for an example. + +Compliant contracts MUST add a temporary allowance to the permanent one when returning the allowed amount to spend in the `allowance` function. In case the sum of the temporary and permanent allowance overflow, `type(uint256).max` MUST be returned. + +## Rationale + +It was decided to make minimal interface extension to allow easier integration of a compliant contract into the existing infrastructure. This affects the backward compatibility of the `allowance` function. However, the required changes to the `transferFrom` function implementation satisfy the requirement to explicitly authorize the spender to transfer tokens. + +## Backwards Compatibility + +All functionality of the [ERC-20](./eip-20.md) standard is backward compatible except for the `allowance` function. + +## Reference Implementation + +### Using Transient Storage +The storage for the temporary allowances MUST be different to that of the regular allowance. Compliant contracts MAY use the transient storage [EIP-1153](./eip-1153.md) to keep the temporary allowance. For each `owner` and `spender`, the slot MUST be uniquely selected to avoid slot collision. Each slot index SHOULD be derived from the base slot index for temporary allowances, `owner` and `spender` addresses. Slot MAY be derived as `keccak256(spender . keccak256(owner . p))` where `.` is concatenation and `p` is `keccak256` from the string uniquely defining temporary allowances in the namespace of the implementing contract. + +### Events +Even though no event is required when setting a temporary allowance, compliant contracts MAY emit `TransientApproval(address indexed owner, address indexed spender, uint256 value)` event. + +## Security Considerations + +The method of deriving slot identifiers to store temporary allowances must avoid collision with other slots in the same space (e.g. transient storage). + +## Copyright + +Copyright and related rights waived via [CC0](../LICENSE.md).