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You're reading from  Building Full Stack DeFi Applications

Product typeBook
Published inMar 2024
PublisherPackt
ISBN-139781837634118
Edition1st Edition
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Author (1)
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.
Read more about Samuel Zhou

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Swapping token – after a wallet is connected

A user cannot perform token swapping without connecting to a wallet. After connecting to a wallet, the code needs to do the following checks before actually swapping the tokens:

  • Verify that the spending amount does not exceed the token balance in the wallet
  • Verify whether the account allows AMMRouter to transfer the spending amount to the liquidity pool (the instance of the TokenPair smart contract)

For balance verification, we can load the balances of the two tokens, similar to how we did for AddLiquidity.js, and disable the SWAP button when the balance is less than the spending amount.

For checking the allowance quota for AMMRouter to transfer the user’s token, we can check the allowed transferring amount by calling the allowance function of the ERC20 token, and compare the amount with the spending amount. If the allowed amount is less than the spending amount, the ENABLE button will show up, and the...

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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