Is it possible in Solidity for a smart contract to be able to interact with a specific wallet in such a way that it can pull money from it, and send money to it at any time it needs to? In this particular scenario, there will be a treasury wallet, that I want the smart contract to be able to pull from and send to at any time it needs to. Is this something that's possible with a few approvals, or perhaps is there a better, more standard way to resolve the problem that I'm having?
Is it possible to send and receive funds from a wallet(have control) in a smart contract?
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1 Answers
The treasury wallet needs to do ERC-20 token approve() on the specific wallet and then it can pull money.
For further details, check out EIP-20 spec.
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