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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

Exploring a crypto loan system by example

We have discussed many financial terminologies and mathematics in this chapter, and it may be hard for you to understand all of them. In the last section of this chapter, we will use an example of the DeFi lending protocol Aave to help you understand the concepts we have explored in this chapter.

An introduction to Aave

Aave (https://aave.com/) is one of the most popular lending protocols that offers crypto lending and borrowing services. At the time of writing, the protocol has locked over 10 billion US dollars’ worth of on-chain assets across 8 blockchain networks.

The Aave protocol has two versions that are open to the public – version 2 and version 3. The workflows and concepts in the Aave protocol version 2 are consistent with the protocol we will build in this book. However, we will also introduce the new features in the Aave protocol version 3 as an advanced topic, allowing you to broaden your knowledge of crypto...

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