Yield Farming must have been a common vocabulary if you have been an investor in the crypto or DeFi industry. Like in traditional banks where savings earn the depositor interest, through staking, users earn crypto rewards for placing assets into a pool or contract.
Oryen (ORY), a new DeFi project at its Initial Coin Offering (ICO), is capitalizing on this concept to earn users an unimaginable passive income. More often, crypto investors have found it challenging to get a solid project with guaranteed returns due to price volatility and waning crypto activity.
The initial Oryen ICO token was valued at $0.05; the price then rose to $0.075 during the second presale phase, and its currently at $0.12 at the onset of phase four. Experts predict the prices will easily hit $1 upon launch.
Oryen New Yield Farming Standards
Oryen is passive income on another level and crypto investors are currently looking for ways to diversify their crypto portfolio as a strategy to spread risks and make a steady passive income. But, again, Oryen has set new standards by covering the risks and rewarding its users with a 20% referral bonus upon purchase.
The Oryen Autostaking Technic (OAT), unlike its competitors, does not require holders of ORY to be an expert to participate in staking. OAT facilitates the staking process seamlessly and offers $ORY token holders a fixed annual percentage yield (APY) of 90% compounding features and a daily Return on Investment (ROI) of 0.177%.
The buy-and-sell tax structure rewards users by encouraging them to hold more tokens for yield firming. In turn, high liquidity amplifies prices hence the daily price pump. In addition, a portion of the tax is shared whenever users sell Oryen tokens to create liquidity and build the project’s treasury.
Fantom (FTM)
Fantom (FTM) is one of the cryptocurrencies that, although one of the best-performing cryptocurrencies, is currently experiencing stiff competition from the Oryen Network. FTM is a layer-1 blockchain that continues to do well in the crypto industry. However, Oryen, on the other hand, has proven to be a better platform for investors looking to generate passive income effortlessly.
Terra (LUNA)
Terra (LUNA) cryptocurrency is one of the industry’s most controversial assets due to the project’s stablecoin collapse. However, given the scandal surrounding Terra Labs and Do Kwon, LUNA is not considered a competitor for newcomer Oryen.
The Bottom Line
Oryen brings a lifetime solution to both newbies and veteran crypto investors. Through automated features where users can buy, hold and earn industry-leading rewards from ORY’s native token. Unlike its rivals, Oryen’s ICO has seen steady growth and continues to attract Fantom and Luna holders.
Learn More Here
Join Presale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.io/
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Source: https://www.thecoinrepublic.com/2022/11/20/oryen-sets-new-standards-for-yield-farming-and-jumps-120-during-ico-fantom-and-terra-luna-holders-take-notice/