You're reading from Building Full Stack DeFi Applications

Product type Book

Published in Mar 2024

Publisher Packt

ISBN-13 9781837634118

Pages 490 pages

Edition 1st Edition

Languages

Concepts

Blockchain

Author (1):

Samuel Zhou

Table of Contents (21) Chapters

Preface

1. Part 1: Introduction to DeFi Application Development

2. Chapter 1: Introduction to DeFi

3. Chapter 2: Getting Started with DeFi Application Development

4. Chapter 3: Interacting with Smart Contracts and DeFi Wallets in the Frontend

5. Part 2: Design and Implementation of a DeFi Application for Trading Cryptos

6. Chapter 4: Introduction to Decentralized Exchanges

7. Chapter 5: Building Crypto-Trading Smart Contracts

8. Chapter 6: Implementing a Liquidity Management Frontend with Web3

9. Chapter 7: Implementing a Token-Swapping Frontend with Web3

10. Chapter 8: Working with Native Tokens

11. Part 3: Building a DeFi Application for Staking and Yield Farming

12. Chapter 9: Building Smart Contracts for Staking and Farming

13. Chapter 10: Implementing a Frontend for Staking and Farming

14. Part 4: Building a Crypto Loan App for Lending and Borrowing

15. Chapter 11: An Introduction to Crypto Loans

16. Chapter 12: Implementing an Asset Pool Smart Contract for a Crypto Loan

17. Chapter 13: Implementing a Price Oracle for Crypto Loans

18. Chapter 14: Implementing the Crypto Loan Frontend with Web3

19. Index

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Working with Native Tokens

Now we have learned and implemented the liquidity management feature and token swapping feature of a decentralized exchange (DEX). These features only support ERC20 tokens or non-native tokens currently. However, the native token of Ethereum virtual machine (EVM)-based blockchain is not supported by these features yet. It means a user cannot swap ETH for other ERC20 tokens, or the other way around, as the native token ETH is not an ERC20 token.

To make native tokens work properly for the smart contracts designed for standardized tokens (such as ERC20 or BEP20), native tokens are converted into wrapped tokens. A wrapped token has the same value as its native token. In this chapter, we will elaborate more on this topic, and you will learn the following skills: