Nerd Notes

30 Day Journey to DEFI Millionaire!

CRYPTO/INVESTMENT/MONEY MAKING ENTHUSIASTS, listen up! The world of crypto is vast and complicated, but filled with opportunity. There are people literally making millions from two grand, and I’m here to tell you that you can be one of them. These guides are free! You literally have nothing to loose from reading them. At the very least, you will walk away with a sh*t ton of crypto knowldege to impress your friends and family. So grab a cup of coffe, a notebook, and allow me to blow your minds!

Why is crypto important?

Almost all pillars of the traditional financial system has counterpart crypto versions. We call this new wave of finance, “DEFI” or decentralized finance. Want a loan? Skip the bank and use AAVE, a DEFI platform on which anyone can take a loan of any amount in a single click. 

All of DEFI is run on web based application (websites), and all digital currencies are stored on digital wallets. Unlimited money can be moved securely, anonymously, and transparently. The catch is that you are entirely responsible for your money and loss thereof. If you nervous about DEFI there is CEFI, or centralized finance. CEFI platforms like Coinbase exist to help safeguard your digital assets. This is the new wave of finance. 

Quick Links

Sign up for centralized finance (CEFI) platforms to purchase crypto cheaply and store them securely. Collect over $1000 in free crypto sign up bonuses using these links*

The best way to start buying crypto with minimal fees. Get $10 in free BTC + $150 in free tokens after trading $100 of coins

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Buy Bitcoin with no fees. Pay your friends with Bitcoin. Get $10 in BTC using the sign up link. 

Earn as much as 17% APY on your crypto. Get $50 in free BTC when signing up and deposting $400 worth of crypto.  

Blazing fast crypto spot trading platform. For U.S residents only. Get 40% off trading fees upon signing up.

Buy Bitcoin with no fees. Pay your friends with Bitcoin. Get $25 USD when you sign up and stake for a ruby card.

*All links used above are affiliate links. The commision earned from all affilate links goes paying our writers and keeping Nerd-Notes ad free! You will only recieve the entire sign up bonus upon completing all neceaarry steps as outlined by each individual company. All sign up bonuses are valid as of 04/25/22. Promotions are subject to change at the discrection of the offering company. 

Let's begin with fundamentals

Blockchains are digital ledgers. A ledger is a book you use to record transactions. Ledgers can prove that transaction happened. If anyone, however, were to hack the ledger they could maliciously manipulate the transactions. 

A bank’s fundamental role is to maintain a ledger of transactions. Banks, however, are a central point of failure. What if their systems go offline or become compromised? This makes the traditional ledger systems unreliable and untrustworthy.

A secure, transparent, digital currency needs to replace banks. Imagine if individuals could move their money 1000 time faster and cheaper than banks. This is the fundamental basis of cryptocurrency and the blockchain technology it utilizes.

Navigating Web 3.0

Now that we know about a few popular blockchains, how can we start using the DEFI applications built on them? 

Imagine some of our day-to-day activities like buying groceries. To make a purchase, we need a bank account. Similarly, in Web 3.0, digital wallets are needed to hold digital currencies. For example, MetaMask is a popular Ethereum based digital wallet. Let’s get set up!

Money Printing dAPPs

There are 1000’s of DAPPS, each offering unique, money making, value propositions. This makes it nearly impossible to cover them all but there are a few golden eggs worth learning about.

We have created mind map to help you get started. The map will show you the types of DAPPS, such as exchanges, lending and borrowing, leveraging, futures trading, digital marketplaces, CDPs, and more.

CEFI: More security, less control

Centralized finance (CEFI) apps are “custodial” platforms, as they take care of their customer’s money and security. Unlike DEFI, CEFI requires users to verify their identities.

There are three main finance tools in CEFI: trading,  staking, and lending. 

In CEFI, crypto can be traded in two ways: Spot trading involves buying crypto at market price and Perpetual trading involves using up to 100x leverage. CEFI platforms offer crypto staking for a high APR and some even compound it for higher APY. Let’s dive into the best CEFI platforms<span “> and how to use them. 

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