Getting Started

Getting Started with Beans

Begin your journey with Beans by following these simple steps. Whether you’re a seasoned DeFi user or new to the space, we’ve made the process straightforward:

1. Connect Your Wallet

Beans supports various Web3 wallets, but we recommend using Rabby Wallet (opens in a new tab) for a streamlined experience. Rabby Wallet offers:

  • Intuitive User Interface: Perfect for first-time DeFi users.
  • Built-In Network Management: Easily switch between different networks, including Sonic Mainnet.
  • Enhanced Security: Benefit from robust security features that keep your assets safe.

How to Configure Rabby for Sonic Mainnet:

  1. Open Rabby Wallet and head to “Settings.”
  2. Select “Networks” and click “Add Network.”
  3. Input the Sonic Mainnet RPC details (available on the official Sonic documentation or via the Beans docs).
  4. Save and switch to the Sonic Mainnet within Rabby.

2. Choose a Beans Service

Once your wallet is connected and set to the correct network (e.g., Sonic Mainnet), decide which Beans service best fits your needs:

  1. Swap: Quickly exchange tokens for Beans
  2. Lend: Borrow or lend assets with customizable durations and transparent rates.
  3. Leverage: Amplify your trading positions up to 200x with real-time profit/loss simulations.

Each service is accessible from the main dashboard, ensuring you can switch easily between them without leaving the interface.

3. Execute Trades & Transactions

With your wallet connected and your service chosen, you’re ready to place your trades:

  1. Set the Amount: Decide how many tokens you want to swap, borrow, or use as collateral.
  2. Review Details: Check your expected rate, price impact, liquidation price (if applicable), and any associated fees.
  3. Confirm: Click “Mint,” “Borrow,” or “Trade” depending on your selected action. Rabby Wallet will prompt you to approve the transaction.
  4. Monitor: Keep an eye on your positions through the dashboard. You’ll see real-time updates on Health Factors, potential profit, liquidation risks, and more.

Pro Tips for Early Adopters

  • Leverage Responsibly: While high leverage can amplify gains, it also magnifies risks. Start with lower leverage to familiarize yourself with market volatility.
  • Stay Updated: The Sonic Mainnet frequently rolls out new upgrades. Keep your Rabby Wallet network settings updated to avoid disruption.
  • Utilize Community Resources: Join our community channels where early adopters discuss market conditions, share strategies, and troubleshoot any potential hiccups.

Important Note: Always ensure your Rabby Wallet (or any Web3 wallet) is fully updated and properly configured for Sonic Mainnet. Double-check contract addresses, especially when interacting with new tokens. Most importantly, always trade within your risk tolerance.

By following these steps, you’ll be able to seamlessly explore everything Beans has to offer—from straightforward swaps to advanced lending and high-leverage trading—all secured by the robust Sonic Mainnet infrastructure.