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In today's video, we will learn about ERC20 permit, a mechanism that allows you to sign a message to authorize someone else to spend your ERC20 tokens on your behalf. This process involves letting the smart contract know that you approve a specific spender with a certain value. By signing a message, you can give permission to a spender without the need for two separate transactions, saving gas. Although ERC20 permit is not finalized in EIP, there is a draft that has been implemented in OpenZeppelin. Don't forget to like and subscribe to the channel before we begin.
