Oryen Network, a new cryptocurrency, is surpassing the majority of the market and is rapidly skyrocketing in price and performing better than successful altcoins such as Pancakeswap and Venus Protocol.
A new decentralized finance (DeFi) initiative called The Oryen Network is attracting much interest. The project shares many similarities with Pancakeswap (CAKE) and Venus Protocol (XVS), and it has the potential to be a significant player in the DeFi arena.
Oryen greatly exceeds Pancakeswap & Venus Protocol, which both provide APYs of 10–20%, by giving a fixed APY of 90%. Oryen is a superior option overall since it offers investors a less complicated investment method than any of its rivals.
Pancakeswap, the most well-known decentralized exchange on the Binance Smart Chain, attracts yield producers from all over the world. CAKE is its native token. Investors may expect to make good returns from PancakeSwap’s primary liquidity pools.
CAKE Holders can stake and make passive revenue. Because Pancakeswap employs proof of stake to secure transactions, there is a good level of safety in the protocol. However, the APYs fluctuate, meaning it is harder to judge returns than with Oryen.
Oryen Network is already making ripples in the market. Despite the project still being in its early phases, numerous significant companies in the industry have shown interest in it.
Oryen Autostaking Technic (OAT), the network’s proprietary function, is the main driver for the success of ORY so far. It ensures that every ORY holder receives their regular rewards, paid out every 60 minutes. It is a fantastic way to build on investors’ already existing wealth.
The APY generated by the protocol is supported by a wallet that accumulates value from trading activity, meaning that users can feel safe in knowing their assets have value to support it.
Its best quality is that holders of Oryen don’t have to do anything to get their money. Simply purchase a few ORY and put them in your wallet. Automatic staking of tokens takes place, and rebase rewards are airdropped back into the wallet of the holder right away, something that Jim Crypto was keen on and earned Oryen Network a place on the Top New Cryptocurrency list.
Venus Protocol is a money market protocol that was hard forked from Compound and MarkerDao in the past.
Venus is a borrowing and lending protocol, so users may lend their assets to others in exchange for fees or if leveraging is your objective, the other way around.
Venus has the Reserve Factor, which measures the amount of interest accrued in the Reserve Pool to safeguard lenders from liquidation for further stability. The rewards for staking in Venus are meager when compared to Oryen Network.
Analysts believe that there will be more potential for greater gains with Oryen. Early investors are conscious of this as they are responding quickly to it, with the launch price confirmed to be more than twice as high as current pricing. Automatic staking will be the greatest method to earn money with it after the launch takes place.
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Crypto influencer Ben Armstrong, also known as Bitboy Crypto, recently shared his expert opinions on…
After an impressive rally in the first two weeks of March, Bitcoin's price ended last…
The cryptocurrency market has seen a surge in popularity amidst the ongoing global banking crisis…
The past weekend witnessed no specific move as the prices of the popular cryptos remained…
The cryptocurrency market is highly volatile and ever-changing, with new coins and tokens emerging every…
San Francisco-based blockchain payment company Ripple has been embroiled in a legal battle with the…