Traditional banks lend out your money, keep most of the interest, and pay you a small slice — often less than inflation.
Beans connects you directly with borrowers who want fast access to digital euros and dollars (like EURC or USDC). These digital currencies can be used in higher-yield markets — such as trading or lending — where returns are often higher than in traditional finance.
Because borrowers are willing to pay more for that access, you earn a share of their rate. Sounds too good to be true? It’s not. Here’s how it works, with a few quick examples.
Reason 1: Quick Profit in the Market
Imagine this: You see at the market that people are paying €12 for a box of strawberries that normally costs €10. You can buy them for €10, but the supermarket wants to be paid immediately, and you don’t have €10 in cash at that moment.
You borrow €10 and promise to pay back €10.20 in a week. (That 20% interest might sound high, but for one week, it’s only 20 cents.)
You immediately sell the strawberries for €12 and make €1.80 profit. You pay back the loan right away. Because you earn more (€2) than the interest you owe (20 cents), that interest makes sense.
Reason 2: Not Having to Sell Your Stuff
Imagine you have an expensive vase that continues to increase in value. Instead of selling the vase (and possibly paying taxes), you temporarily use it as collateral.
You receive a loan right away, use the money for what you need, and pick up your vase once you’re able to pay it back.
The interest is then the fee for storing the item and the risk for the lender. Sometimes, this is cheaper than the hassle of selling and buying again.
Reason 3: Fast and Anonymous, Worldwide
Arranging a loan at a bank can take days and involves piles of paperwork. With a DeFi platform, you can get a loan in minutes with no hassle. But for that speed and the extra risk for the lender, you pay a higher interest rate.
This happens on a large scale, and this is how Beans can offer you, as a customer, up to 10% interest on your deposited money.
Note: At Beans, you can only deposit money and earn interest. The platform uses DeFi technology to securely grow your deposited funds, without you having to provide loans yourself.
.svg)