(A Series)
- Intro
- What is CeFi & DeFi
- The Pillars/Components of DeFi
- Advantages and Disadvantages of DeFi
- How to Make Money with DeFi

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A thread
What is CeFi & DeFi ?
To get a full understanding of what CeFi and DeFi is, one needs to understand what makes
up a financial system.
A financial system is made up of various services like money transfers (sending money to
one another), loans, saving plans, insurance,
and markets (trades) e.t.c.
Today, this system and all its services are completely centralised. There is always an
authority (a company or a person) that controls and offers these services.
Centralised Finance (CeFi) was the standard for trading cryptos.
In CeFi, all trade orders
and funds were handled by a centralised exchange - the central authority. You don’t own
your cryptocurrencies when buying/selling through a centralised exchange. Also, you are
subject to the rules set by the exchange.
Decentralised Finance (DeFi) is a term used to refer to blockchain applications that aim to
remove middlemen from all financial transactions - banks, brokerages or centralised
Every DeFi protocol has three building blocks it relies on to make it work:
1. Cryptography - A technique used to send secure messages between two or more
participants. This guarantees the security of the transactions and the participants,
independent of operations from a central authority.
2. Blockchain - A system of recording information in a way that makes it difficult or
impossible to change, hack, or cheat the system. At the moment, most of the DeFi
projects are built on the Ethereum blockchain.
3. Smart Contracts - An agreement between two people in the form of computer code.
They run on the blockchain, so they are stored on a public database and cannot be
changed. Smart contracts are the building blocks of DeFi.
These blocks ensure that these financial services are efficient, secure and free of any central

Let me know if you got value with this before we go to the next part of the series which is Pillars and components of Defi
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More from @iamchrisani

13 Jan

Evolution has always been one of the ways of surviving. Technology has driven the rate of evolution rapidly such that if you do not adapt to the new change, you may either cease to exist or lag behind.
One of the areas that is fast evolving is the financial market. With the onset of Blockchain and decentralisation, the Cryptocurrency market is fast becoming the new money market.

Because of this change, Centralised Financial Services like Traditional Banks can no longer
keep up with the demands of this market. This led to the creation of Decentralised Financial Services a.k.a. DeFi

What is DeFi?

DeFi is short for “decentralized finance”. It is an umbrella term for Blockchain applications that aim to remove middlemen
Read 9 tweets
12 Apr 21
When #BNB is mooning every one will start claiming they bought at $0.00 and held till now....... just know what you believe on twitter and don't FOMO because this and that person has claimed they have billions of bnb. Sit down with your gam especially newbies .
I hold #BNB
It is one of the coins u have been shilling and since $1 level but if I tell you I held #BNB till date that is a big lie , those who got my course would have seen my videos using bnb last year ,the largest holding of bnb I got was this year at $49 and still hodling
Let me tell you something, if you think Hodling is easy you are lieing, I have done several 10x and 20x in this game , the highest so far is 65x holding a coin since December 2019, as a newbie your game is not to start hodling, your work is to trade and make money- Profit.
Read 11 tweets
9 Apr 21
One of my goals this year is to help at least 10,000 people become financially free through Crypto
And I am gladly doing this through my free and premium contents

Start with this video

Subscribe to my YouTube channel :
youtube.com/c/ChrisAni Image
Read to get started in Crypto ?

Watch this Crypto 101 video conference

Make sure you retweet Image
Read 4 tweets
24 Dec 20
This one is calling retail trading a scam
Do this guys know what they are saying or just type one long thread out of stupid jargons?
So who told you retail traders don't make money ?
So how is the Bitcoin market in Nigeria for instance powered?
Mind who you listen to on the app
Do you know how many young folks have gotten rich in Nigeria via trading although and bitcoin with little capital ?
I am not a forex trader but I know this year some of my friends in the fX game like @PDurojayeola ,Samon and ken have had a better financial year because of FX
You don't even understand the difference between spot trading leverage trading and p2p trading but you have done a thread to bash retail traders who trade forex , stocks and crypto claiming that they don't make money because of some scammers and ponzi scheme crashing.
Read 10 tweets
22 Dec 20
This is my Meentee Chigozie Emmanuel
@Chi_affiliate a with me in dubai, He started with my Book Crypto 101 and later paid for my Trade and Make Money Course ( bit.ly/Tradedaba) in July 2019 , he started with $300 which I saw him turn to $500 in less than 2 weeks. ImageImageImage
This guy in 2019 was the first person who told me one night that my trade and make money course is too cheap compared to the affiliate marketing courses he has taken and paid 5x the amount. That statement made me bring him closer to me to show him more about the industry.
with over $2000 in Crypto profits as at dec 2019. After another round of d training in December 2019 i did set a new target for him both in affiliate marketing and cyrptotrading.
Well He is ending 2020 with Over 18 million naira profit made vua P2P and Spot trading.
Read 6 tweets
25 Jul 20
Solution: The average Nigerian especially young people do not need financial products that give them ROI of 15% yearly in an economy that robs them of there purchasing power, they need a platform like @daba_school that is equipping young people with high income skills....
Before you get comfortably in savings having a basic income is the first necessity, you don't save on empty pockets.All wealth starts with income, solving that part for an average Nigerian is the core for anything around this topic.
Let me show you practical cases @daba_school
Meet one of our student at daba.school , he started investing in high income skills , first got the whatsapp monetization course that teaches people how to turn their whatsapp to cash machines, went to get the Cryptotrading course and finally took this last one .. Image
Read 11 tweets

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