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a7dffe7
Add Transient Approval Extension for ERC-20
byshape Apr 2, 2024
d7eefe8
Fixed EIP requirements
byshape Apr 2, 2024
3eacea2
Update ERCS/eip-draft-tae-erc20.md
byshape Apr 3, 2024
11e2cce
Renamed file and added link to the discussion
byshape Apr 3, 2024
85f7d71
Fixed description
byshape Apr 3, 2024
a0d173e
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byshape Apr 3, 2024
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Apply suggestions from code review
byshape Apr 4, 2024
5146bb9
Merge branch 'master' into transient-approve
byshape Apr 4, 2024
fba3948
Replaced transient => temporary
byshape Apr 4, 2024
c5e98c2
Refined the Specification, Rationale and Backwards Compatibility sect…
byshape Apr 4, 2024
17a2741
Generalise the temporary storage description
byshape Apr 6, 2024
d70eb46
update based on PR comments
Amxx Jun 6, 2024
fe09677
Update ERCS/erc-7674.md
Amxx Jun 10, 2024
9d5885a
Merge pull request #1 from Amxx/transient-approve
byshape Jun 10, 2024
3c10621
Update based on PR comments
byshape Jun 10, 2024
1ce1aae
fix erc/eip links
ZumZoom Jul 15, 2024
8a11a87
Merge branch 'master' into transient-approve
byshape Jul 15, 2024
722f023
Updated based on PR comments
byshape Jul 15, 2024
51b7148
Update erc-7674.md: fix eip links
SamWilsn Aug 8, 2024
b7978f8
Update erc-7674.md
SamWilsn Aug 8, 2024
b3456ce
Merge branch 'transient-approve' into transient-approve-wip
byshape Jan 12, 2025
6171b37
Merge pull request #2 from byshape/transient-approve-wip
byshape Jan 12, 2025
2ec28b5
Merge branch 'master' into transient-approve
byshape Jan 12, 2025
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Update erc-7674.md
SamWilsn Mar 6, 2025
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Update erc-7674.md
SamWilsn Mar 6, 2025
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update based on PR comments
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Amxx committed Jun 6, 2024
commit d70eb46f4f3880ceac07ad33f01ce6abf8e6f85c
12 changes: 6 additions & 6 deletions ERCS/erc-7674.md
Original file line number Diff line number Diff line change
@@ -1,7 +1,7 @@
---
eip: 7674
title: Temporary Approval Extension for ERC-20
description: An interface for ERC-20 approvals via transient storage
description: An interface for ephemeral ERC-20 approvals
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Suggested change
description: An interface for ephemeral ERC-20 approvals
description: An interface for 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
Expand All @@ -13,11 +13,11 @@ requires: 20, 1153

## Abstract

This specification defines the minimum interface required to temporarily approve `ERC-20` tokens for spending within a single transaction.
This specification defines the minimum interface required to temporarily approve `ERC-20` tokens for spending within the same transaction.

## Motivation

`EIP-1153` allows to use a cheaper way to temporarily store allowances.
User are often require to set token approval that will only be used once. It is common to leave unexpected approvals after these interactions. [EIP-1153](./eip-1153.md) introduces a cheap way to handle temporarily allowances.
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will only be used once

This is a bit misleading. This approval can be used multiple times, as long as it's in a single transaction.


## Specification

Expand All @@ -27,15 +27,15 @@ Compliant contracts MUST implement 1 new function in addition to `ERC-20`:
```solidity
function temporaryApprove(address spender, uint256 value) public returns (bool success)
```
Call to `temporaryApprove(spender, value)` allows `spender` to withdraw within the same transaction from `msg.sender` multiple times, up to the `value` amount.
Call to `temporaryApprove(spender, value)` allows `spender` to withdraw within the same transaction from `msg.sender` multiple times, up to the `value` amount. This temporary allowance is to be considered in addition to the normal (persistent) ERC20 allowance, the total value than spender is able to spend during the transaction is thus capped by the sum of the temporary and the normal (persistent) allowances.

The storage for the temporary allowances MUST be different to that of the regular allowance. Compliant contracts MAY use the transient storage `EIP-1153` 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.

Compliant contracts MUST add a temporary allowance check to the `transferFrom` function. The permanent allowance SHOULD only be spent after the temporary allowance has been exhausted.

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.

No event is required when setting a temporary allowance, but compliant contracts MAY implement it.
No event is required when setting a temporary allowance, but compliant contracts MAY emit a specific event.

## Rationale

Expand All @@ -47,7 +47,7 @@ All functionality of the `ERC-20` standard is backward compatible except for the

## Reference Implementation

TBD
TBD <!-- TODO -->

## Security Considerations

Expand Down