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You're reading from  Building Full Stack DeFi Applications

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Published inMar 2024
PublisherPackt
ISBN-139781837634118
Edition1st Edition
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Samuel Zhou
Samuel Zhou
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Samuel Zhou

Samuel Zhou has over 15 years of software engineering experience in top high tech companies including being a blockchain developer as his hobby since 2018. In 2022, Samuel turned his enthusiasm on blockchain technology into a business by founding TiFi, which is a silicon valley based startup that builds e-Commerce platform on blockchain and brings blockchain to everyday life. Over there he has created TiFi Token that offers token rebates so people can get cash back when spending the token. Also he has built TiFi Bank which is a DeFi application that offers crypto saving, lending, trading, staking and liquidity management features. Samuel holds a Master Degree and a Bachelor Degree in Computer Science.
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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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Building Full Stack DeFi Applications
Published in: Mar 2024Publisher: PacktISBN-13: 9781837634118

Author (1)

author image
Samuel Zhou

Samuel Zhou has over 15 years of software engineering experience in top high tech companies including being a blockchain developer as his hobby since 2018. In 2022, Samuel turned his enthusiasm on blockchain technology into a business by founding TiFi, which is a silicon valley based startup that builds e-Commerce platform on blockchain and brings blockchain to everyday life. Over there he has created TiFi Token that offers token rebates so people can get cash back when spending the token. Also he has built TiFi Bank which is a DeFi application that offers crypto saving, lending, trading, staking and liquidity management features. Samuel holds a Master Degree and a Bachelor Degree in Computer Science.
Read more about Samuel Zhou