The first time you interact with a new smart contract on Primex (such as lending to a new Credit Bucket, opening a certain type of position, or creating a new type of order) or spend a new asset, you'll need to authorize the token involved. This action grants the Primex Protocol the right to move that specific token from your digital wallet.
There might be situations where you'd want to withdraw this permission.
Some reasons include:
Suspicions of wallet compromise.
As a standard procedure to minimize risks associated with unauthorized token access.
To revoke a token approval on Primex:
Navigate to the “approval checker” section on your chosen block explorer, e.g. PolygonScan.
Insert your public wallet address.
Withdraw the token authorization for Primex.
Remember, once you revoke this token's approval, you'll need to authorize it again if you want to make another action involving that token on Primex. Be aware that revoking a token's authorization will necessitate a network transaction fee. Furthermore, this action is distinct from simply disconnecting your wallet from Primex.