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 Building Full Stack DeFi Applications

Building Full Stack DeFi Applications

By : Zhou
4.6 (5)
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 Building Full Stack DeFi Applications

Building Full Stack DeFi Applications

4.6 (5)
By: Zhou

Overview of this book

Enter the world of Decentralized Finance (DeFi) with Building Full Stack DeFi Applications. Understand how this blockchain-based financial technology, designed to manage crypto assets, runs independently without centralized financial institutions like banks and brokerages, eliminating the fees that banks and other financial companies charge for using their services. This book will show you how DeFi solutions are built with smart contracts running on blockchains and how they allow users to gain and earn crypto assets based on the trust of the smart contracts. This book uncovers the inner workings of DeFi by guiding you through the mathematical foundations and teaching you how to build real-world DeFi products with Solidity and JavaScript. As you progress through the chapters, you’ll learn how to implement smart contracts of liquidity pools to trade cryptocurrencies and implement staking, including farming features that allow users to earn. You’ll also find out how to create asset pools that allow users to lend and borrow cryptocurrencies and generate interest. Additionally, you’ll discover how to use Web3 libraries to build the frontend of DeFi products. By the end of this book, you’ll will be well acquainted with popular tools, libraries, and design patterns for implementing a full-stack DeFi application with Web3 and Solidity.
Table of Contents (21 chapters)
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1
Part 1: Introduction to DeFi Application Development
5
Part 2: Design and Implementation of a DeFi Application for Trading Cryptos
11
Part 3: Building a DeFi Application for Staking and Yield Farming
14
Part 4: Building a Crypto Loan App for Lending and Borrowing

Implementing a Frontend for Staking and Farming

As discussed in Chapter 9, Building Smart Contracts for Staking and Farming staking and farming are two DeFi features that incentivize users to hold cryptos and generate passive income. Although the two features can share the same set of smart contracts, farming (or yield farming) is a special case of staking that is for liquidity pool tokens (LP tokens). We have learned the principles and how to implement smart contracts for staking and farming.

In this chapter, we will complete the two features by implementing the frontend. First, we will implement the features for staking; the feature will only support common ERC20 tokens (non-LP tokens) as the staked tokens and reward tokens. Then, we will reuse the majority of the frontend code for farming (for a farming pool, the staked token is an LP token, and the reward token is a non-LP token). We will also address the main differences between the two features in the frontend code.

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