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Supporting meta transactions

All Pegasys pool tokens support meta-transaction approvals via the permit function. This obviates the need for a blocking approve transaction before programmatic interactions with pool tokens can occur.


In vanilla ERC-20 token contracts, owners may only register approvals by directly calling a function which uses msg.sender to permission itself. With meta-approvals, ownership and permissioning are derived from a signature passed into the function by the caller (sometimes referred to as the relayer). Because signing data with Syscoin NEVM private keys can be a tricky endeavor, Pegasys relies on ERC-712, a signature standard with widespread community support, to ensure user safety and wallet compatibility.

Domain Separator#

keccak256('EIP712Domain(string name,string version,uint256 chainId,address verifyingContract)'),
  • name is always Pegasys, see name.
  • chainId is determined from the ERC-1344 chainid opcode.
  • address(this) is the address of the pair, see Pair Addresses.

Permit Typehash#

keccak256('Permit(address owner,address spender,uint256 value,uint256 nonce,uint256 deadline)');`