Why is the Moneda Earnings Account interest so high?

The Moneda Earnings Account offers higher interest because it uses blockchain, which operates differently from traditional financial services.

1. Open and Transparent Markets: Interest rates are driven by real-time supply and demand, allowing lenders to earn competitive returns directly from borrowers.
2. No Intermediaries: Blockchain removes banks and other middlemen, reducing operational costs and passing more of the returns directly to you.
3. Higher Liquidity: Decentralised Applications provide instant access to funds for borrowers and lenders, creating a dynamic, 24/7 global marketplace that attracts higher-paying borrowers that need instant access to liquidity for activities like trading or earning returns elsewhere. Borrowers also provide more collateral than they borrow, which limits supply and keeps demand high.
4. Efficient Operations: DeFi platforms use smart contracts, which automate financial services with minimal overhead, further enabling higher returns for lenders whilst borrowers benefit from the speed of execution. These factors create an efficient, open financial system where you can earn higher interest compared to traditional savings accounts.