Introducing Encumber:. Encumber is a new mechanism that improves on the concept of token allowances.
06 Jul 2023, 19:20
Introducing Encumber:
Encumber is a new mechanism that improves on the concept of token allowances. Encumber allows users to retain custody of their tokens, while granting another address the exclusive right to transfer those tokens. For lending protocols, this approach removes the need for pooled collateral entirely.
We are excited about continuing to innovate on DeFi interactions and believe Encumber could become a bedrock for the future of the ecosystem.