DeFi is slowly disrupting traditional finance, and thanks to blockchain’s natural transparency, the flow of funds between participants is visible to everyone on-chain. For example, Oryen (ORY), a new passive income protocol, has received considerable inflows from holders of Tamadoge (TAMA), Big Eyes Coin (BIG), and Shiba Inu (SHIB).
Oryen Network (ORY)
Oryen offers a new standard for DeFi. This yield-driven project pays out an impressive 90% annual percentage yield (APY), and what’s more, the rate remains fixed forever. Moreover, Oryen can offer this incredible rate thanks to its OAT (Oryen Autostaking Technic) mechanism. At the fingertip of ORY holders, the OAT mechanism handles all the complexities of staking protocols, providing investors with a simple buy, hold, and earn process. As a result, automatic staking with Oryen is one of the most accessible passive income solutions in decentralized finance.
It’s easy to see why DeFi enthusiasts are targeting ORY, with meme token holders migrating over to let their investment work for them. In addition, Crypto analysts expect explosive growth for ORY, the native token, due to the simple approach and accessibility to wealth generation.
Tamadoge (TAMA)
TAMA is the deflationary currency at the heart of the Tamaverse. However, the full-fledged meme token offers a play-to-earn model within the Tamaverse, where investors can breed, fight and care for their NFT-issued Tamadoge pets. Additionally, a monthly prize pool is distributed between competing breeders that fight against each other.
Big Eyes Coin
Big Eyes Coin is another project utilizing NFT technology that describes itself as a community token. The project has already raised over $6 million, donating 5% of its supply to charities supporting marine reserves. However, with a listing already secured on top-tier centralized exchanges, BIG holders are waiting now for launch day.
Shiba Inu (SHIB)
Often called the “Dogecoin Killer,” the Shiba Inu showed the world that investors must take meme coins seriously. It is the second most successful meme token and currently the 13th biggest cryptocurrency.
SHIB, the native token, also got a decentralized exchange or swap called ShibaSwap, which is the economic engine of the token and its growing ecosystem. Here, holders can use SHIB and two native tokens, BONE and LEASH, to generate passive income, resulting in SHIB’s legendary rally throughout 2021.
Final Thoughts
Decentralized finance and passive income continue to be a gift for investors. So it’s clear why meme token holders are targeting Oryen, which analysts tout as one of the most promising ICOs in 2022. Of course, investors should always do their research and check out the Oryen website to secure a 15% early backer bonus.
Learn More Here:
Join Presale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.io/
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Source: https://www.thecoinrepublic.com/2022/10/31/does-utility-rich-oryen-network-have-what-it-takes-to-become-bigger-than-big-eyes-tama-or-shiba-inu/