Hello guys, hope you can help me with this one, since I am still learning about researching transactions.
As I understand, for ERC20 tokens the approval is necessary for the smart contracts to kind of "access" and use your coins for swapping them. However, does this mean (in the photo) that ether was already swapped into WETH and then into PHTR and the last transaction OUT of the wallet was already sent to another wallet as PHTR, but not as ETH? Or approvals do not mean that the ether was swapped?
Thank you very much, I hope you can help to answer this
https://imgur.com/a/S5Crb4M
As I understand, for ERC20 tokens the approval is necessary for the smart contracts to kind of "access" and use your coins for swapping them. However, does this mean (in the photo) that ether was already swapped into WETH and then into PHTR and the last transaction OUT of the wallet was already sent to another wallet as PHTR, but not as ETH? Or approvals do not mean that the ether was swapped?
Thank you very much, I hope you can help to answer this
https://imgur.com/a/S5Crb4M