I have tried to create a smart contract. I followed this tutorial to have uniswap swap examples https://cryptomarketpool.com/how-to-swap-tokens-on-uniswap-using-a-smart-contract/
Here one of my smart contract function in which I would like to swap some token amount for some eth.
function swapTokenToEth(uint tokenAmount, uint amountOutMin) public {
uint deadline = block.timestamp + 150;
IERC20(token).transferFrom(msg.sender, address(this), tokenAmount);
IERC20(token).approve(UNISWAP_V2_ROUTER, tokenAmount);
uniswapRouter.swapExactTokensForETH(tokenAmount, amountOutMin, getPath(), msg.sender, deadline);
}
I am calling this swap method from a Truffle test environment
await dex.swapTokenToEth(tokenAmount, amountOutMin {
from: accounts[1],
});
I keep getting this error:
Error: Returned error: VM Exception while processing transaction: revert ERC20: transfer amount exceeds allowance -- Reason given: ERC20: transfer amount exceeds allowance.
I tried several things but now I am stuck and I don't understand this error. Any hint on how to solve this ?
ERC20: transfer amount exceeds allowance
This is a custom error message from a contract.
Based on the context, I'm assuming it's coming from the token
contract's function transferFrom()
(or another function called by this one), from a failed require()
condition.
Which means that the accounts[1]
(user executing the swapTokenToEth()
function) haven't approved the dex
contract to manipulate their tokens.
Solution: Before executing dex.swapTokenToEth()
, you also need to execute tokenContract.approve(dexAddress)
from the accounts[1]
address. It's sufficient to execute the approve()
function just once (unless you redeploy the contracts) with a sufficient amount - the approval decreases with each amount used in the transferFrom()
function.