Beans app integrates with Blend protocol to enable users to deposit stablecoins in lending pools and earn yield while maintaining a traditional banking UX. The integration allows seamless conversion between fiat and digital currencies with zero fees.
Beans, an international payments app, has integrated with Blend, a universal liquidity protocol on Stellar's Soroban. The integration addresses user requests from emerging markets to store value in stable currencies while earning yield. Beans offers a bank-like UX with zero fees, fiat on/off-ramps, and network fee sponsorship. Blend provides a permissionless lending pool infrastructure with a backstop insurance module. The integration required architectural changes to Beans' system, moving from separate yield-generating assets to single assets that generate yield within pools. Challenges included early-stage Soroban updates and unclear error messages, but the SDK provided by Blend simplified integration. The demo showed users can deposit XLM or USDC to earn yield and borrow against collateral through a simple mobile interface.
