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In today's video tutorial, we'll be learning about ERC20 permit, a mechanism that allows you to sign a message to approve someone else to spend your ERC20 tokens on your behalf. This process requires gas and involves two transactions. However, there is a clever way to approve spending without the need for two transactions. This method has been implemented in Open Zeppelin and is currently in draft form in the EIP. Don't forget to like and subscribe to the channel before we get started.
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