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DeFi protocols have revolutionized the entire financial sector. While running on the blockchain network, these protocols allow users to earn rewards for investing in the platform. For instance, PancakeSwap and Uniswap reward investors for staking their funds on their ecosystem, providing liquidity for traders. In addition, decentralized exchanges have recently gained popularity because of the downfall of centralized exchange FTX, which reduced some people’s net worth to zero.
Uniswap and PancakeSwap are no match for Oryen’s imminent success.
Uniswap and Pancakeswap are the two largest decentralized exchanges supported by blockchain. Uniswap, for instance, provides services such as swapping between digital assets as well as yield staking. In addition, Uniswap also allows users to build on the decentralized platform. Since its development, the protocol has registered more than $1.2 trillion in trading volume, with more than 121 million all-time trades. The ecosystem assembles developers, crypto traders, and liquidity providers in one place.
Pancakeswap is another DeFi protocol offering decentralized exchange services. Just like Uniswap, Pancakeswap allows users to earn, trade, and win digital assets. The platform has registered more than 2 million active users in the last 30 days, with more than 55 million different trades in the same period. In addition, Pancakeswap has one of the largest DEX liquidity pools, with more than $6.1 billion worth of crypto at its highest.
Oryen outshines both Pancakeswap and Uniswap
Pancakeswap and Uniswap have risen to glory. However, this is about to change with the launch of the Oryen Network, the new revolution of Decentralized Finance. Unlike Pancakeswap and Uniswap, Oryen will allow users to have an inbuilt staking mechanism. This feature will enable ORY holders to enjoy the beauty of passive income as their funds get exposed to auto-staking and auto-compounding benefits while still in their wallets.
Staking ORY will allow the project to raise liquidity for Oryen Swap, the ecosystem’s decentralized crypto and derivatives exchange. As a result of providing liquidity, Oryen holders will benefit from the Positive Rebase Formula that will distribute rewards to ORY staking wallets daily, which accounts for 0.177%. In other words, users will earn a 90% annual compounding return for funds retained in their wallets.
Final Thoughts
The collapse of the FTX exchange serves as a lesson to a crypto investor that centralization is a road drifting to self-destruction. Oryen is providing a massive opportunity that involves decentralizing funds and financial services in the crypto community. With its auto-staking and auto-compounding feature, Oryen is developed to help investors of all sizes generate wealth from scratch. Buy ORY tokens today and begin your journey to financial freedom.
For More Information:
Join Presale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.io/
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Source: https://insidebitcoins.com/news/oryen-network-delivers-more-than-promised-with-dex-staking-and-more-to-rival-pancakeswap-and-uniswap