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 Building Full Stack DeFi Applications

You're reading from   Building Full Stack DeFi Applications A practical guide to creating your own decentralized finance projects on blockchain

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Product type Paperback
Published in Mar 2024
Publisher Packt
ISBN-13 9781837634118
Length 490 pages
Edition 1st Edition
Languages
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Author (1):
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Samuel Zhou Samuel Zhou
Author Profile Icon Samuel Zhou
Samuel Zhou
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Toc

Table of Contents (21) Chapters Close

Preface 1. Part 1: Introduction to DeFi Application Development
2. Chapter 1: Introduction to DeFi FREE CHAPTER 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 20. Other Books You May Enjoy

Calculating the reward for staking and farming

So far, we’ve learned that the block number is the time unit for reward calculation. The more blocks generated after a user deposits the staked token, the more reward the user can earn, so long as the staking term hasn’t ended and the deposit amount doesn’t change. In this section, we will dive into the mathematics of reward calculation. The staking pool smart contract will use the formulas and parameters that we will discuss in this section.

Reward per block, starting block, and ending block

When deploying the staking smart contract, the deployer should plan for the staking terms based on how many reward tokens the deployer can offer. Here, we need to set each staking pool with the following three parameters:

  • Reward per block: The total amount of reward tokens distributed to all users who participate in the staking
  • Starting block: The starting block number of the staking period
  • Ending block:...
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