Chateau
  • OVERVIEW
  • Core Tokens
  • LEGAL
    • Manager and Issuer Responsibilities
    • Terms of Use
    • Privacy Policy
  • Roles
    • chUSD and schUSD roles
    • Chateau
    • Managers
    • Ambassadors
  • USDtb
  • Using the front end
  • PROTOCOL MECHANICS
    • Issuance
    • Redemption
  • chUSD 101
  • How chUSD works
    • Approved Collateral
    • schUSD
    • chUSD and schUSD minting mechanisms
  • Fund Partner: Covenant VC
  • Where's the yield coming from?
  • How Liquid is it?
  • βš–οΈ Peg Stability & Arbitrage Mechanism
  • ⚠️ Risks & Disclosures
  • Security
    • Custodians
    • Audits
    • Smart Contracts
      • Audits
  • Private Credit Overview
    • What is private credit?
    • Sub-Markets
  • PreIPO Late Stage Venture Overview
    • πŸš€ What Is Late-Stage Venture / Pre-IPO Investing?
  • FAQ
  • What is an approval transaction?
  • Media Assets
  • Troubleshooting
    • Contact Us
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What is an approval transaction?

The first time you stake or unstake to invest/redeem, you have to approve the token to be swapped. This gives the Chateau Protocol permission to swap that token from your wallet.

What is an approval transaction?

The approval transaction allows the Chateau Protocol permission to swap the token you granted approval for from your wallet. You have to complete an approval transaction for every token you want to swap using the Chateau Protocol.

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Last updated 1 month ago

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