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In today's video, we will be discussing ERC20 permit, a mechanism that allows you to sign a message to approve someone else to spend your tokens. This process requires gas and involves two transactions - one for approval and one for the actual transaction. By signing a message and sending it through a relay, the smart contract can understand that you want to give allowance to a spender. Though not yet finalized in EIP, this feature is already implemented in OpenZeppelin. Don't forget to like, subscribe, and stay tuned for more information.