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Figure 4.2: Some of the functions of the Basic ERC-721 token contract in Remix. In the following section we will be using the OpenSea APIs and they are available only for ERC-721 tokens on the Rinkeby network. [40] To deploy the smart contracts we needed Ether and we had to request it using the Ether faucet running on the Rinkeby network. [41] We have again used Remix to deploy to Rinkeby and interact with the smart contracts, now having a wider choice of ERC-721 tokens have we could interact with, which were, this time, purchased from OpenSea. The functions of smart contracts, deployed in Remix, are available in Appendix A. 4.1.5 Alternative Implementations There are alternative implementations that we have considered and we will go over them in more detail comparing them with our final implementation. We will discuss the advantages and disadvantages and we will motivate our choices. • Liquidity Pool Lending: In the DeFi ecosystem liquidity pools are used for offering collateralized and over-collateralized loans. They use automated market making (AMM) algorithms to provide liquidity to markets and set 44PDF Image | NFT finance Leveraging Non-Fungible Tokens
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