Good day i saw this smart contract
0x0496CcD13c9848f9c7d1507D1dd86a360B51b596
What is the use of the "burn from" function in the code.
Good day i saw this smart contract
0x0496CcD13c9848f9c7d1507D1dd86a360B51b596
What is the use of the "burn from" function in the code.
burnFrom
allows the caller to burn a certain amount
of tokens on the owner's behalf given he's already approved of allowance
. This can be useful in staking and unstaking scenarios when tokens are forfeited to exchange for other tokens.