What is an approval transaction?

The first time you buy ETF, you have to approve the token. This gives the DeETF app permission to swap that token from your wallet.

Once you approve a token, you will not have to to approve that token again on the DeETF app until the approval mount is exhausted. A one-time approval is required for each ETF you wish to buy.

When buying etfs on DeETF, you will see the following message:

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Once you select the Approval icon you can proceed to buy your etfs.

When you approve a token, it is considered a transaction so you will have to pay a network fee.