The advent of decentralized finance within the crypto space has created a lot of traction worldwide. Defi is growing fast would be an understatement. With its introduction, it started to gain immense popularity among tech enthusiasts somewhere around mid of 2018. By 2019, Defi associated itself with over half a billion dollars market value. In today’s market, the value of Defi has now risen over $26 billion.
As Defi apps’ demands grow, learning the particular field’s implementation skill set and knowledge also increases. This article focuses on providing a step-by-step approach to develop a Defi app using Solidity. Through this Defi application, users can deposit an ERC20 token to the smart contract and it’ll mint and transfer Farm Tokens to them. When users want to withdraw their ERC20 tokens, they can burn their Farm tokens and then ERC 20 tokens are transferred back to them.
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