@Dex_223

https://xitter.cf/t.co/fr79cJ1ekR $D223 is a decentralized exchange for ERC20 & ERC223 tokens focusing on security & maximizing chains support. Tokens get listed via smart-contract.

 Ethereum
dex223.io/
Joined December 2023
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  • Followers5.5K
1/ Dex223 is building the first multi-standard DEX on Ethereum ERC-20 tokens make users lose millions of dollars to simple mistakes or approval scams. We enable everyone to use and trade tokens as if they were ERC-223 No approvals No losses due to sending to wrong addresses
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This is exactly the right question
rip-ens@xns
@Walodja1987Jul 29
Replying to @cinesiusss @apoorveth
Shouldn’t we think about a completely new token standard without approvals, now that nobody is currently using DeFi?
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1/ Most ERC-20 advocates say that "sending tokens to a wrong address is a user mistake, not a contract's fault" which is completely wrong!
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11/ Sending tokens to a wrong address is a user fault Inability to detect and revert these transactions is a contract's fault (and in case of ERC-20 is the standard's fault). The contracts is obligated to do that by security principles, failure to do that makes it insecure
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12/ Notably there are plenty of securely implemented assets in Ethereum ecosystem. Sending ERC-223, NFT or native currency (Ether) to a contract would only result in a loss of gas fee Sending ERC-20 tokens to a contract would result in a loss of tokens
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1/ Why developers should choose ERC-223 over ERC-20 and how it will improve Ethereum ecosystem
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7/ With ERC-20 a DAPP developer must prompt a user to sign approval first and interact with the contract in the next transaction. It takes two transactions to complete a single action this way With ERC-223 interaction can be completed in one transaction
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8/ ERC-223 is the only standard proposed on Ethereum that actually solves the problems of ERC-20: - It makes transactions handleable - It enables error handling - It prevents user mistakes and saves tokens that would otherwise be lost to unhandled
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