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In today's video, we will learn about ERC20 permit, a mechanism to approve spending on your behalf with ERC20 tokens. By signing a message, you allow a spender to access your tokens. This process requires gas and involves two transactions. A clever workaround involves signing a message to give allowance to a spender, though this method is still in the draft stage of EIP implementation. Open Zeppelin has already implemented this feature. Don't forget to like, subscribe, and get started with the tutorial.