Crypto-staking platforms have been gaining popularity recently, allowing users to earn a passive income without sacrificing their assets’ liquidity. However, only a few offer the same stability and profitability as Oryen. This new DeFi protocol has started presale with an immersive success, doubling in price in just a few weeks and already spoiling early $ORY backers with 100% ROI.
The past week has seen a lot of chatter in the Uniswap and Aave communities about Oryen becoming a major player in the DeFi space. What are the reasons behind it?
Oryen Network
Oryen Network provides users with a high-tech decentralized financial asset that rewards them with a stable fixed compound interest model using its proprietary Oryen AutoStaking Technic (OAT).
OAT is the latest Buy-Hold-Earn system that provides maximum simplicity and high use efficiency to $ORY token holders.
To start earning money, you only need to purchase $ORY tokens and keep them in your wallet. This way, you will receive a reward in interest payments directly to your wallet. $ORY tokens will be credited to you every hour.
Auto-staking on the Oryen platform allows all holders to earn a fixed 90% APY, an annual revenue in the form of a percentage.
Getting a guaranteed return on the investment is the key selling point of Oryen, as investors are tired of seeing their portfolios lose thousands of dollars during volatility.
A large percentage of tokens goes to RFV wallets and liquidity, ensuring users trade with minimal slippage. Mechanisms are built into the already audited smart contracts to maintain the ecosystem.
Oryen is entering the second presale phase with a phenomenal 100% price hike. Each $ORY will cost $0.1, and while this is still lower than Oryen’s upcoming listing price, early buyers will get doubled ROI.
Uniswap and Aave Communities Support $ORY
Uniswap is an Ethereum-based mechanism for swapping ERC20 tokens. When new ETH/ERC20 tokens are added to a Uniswap liquidity pool, the contributor receives a “pool token” that is also an ERC20 token.
Pool tokens are generated anytime funds are placed into the pool, and like ERC20 tokens, they may be freely traded, transferred, and utilized in other decentralized applications. When funds are regained, tokens are destroyed or burned. Each pool token reflects a user’s proportional share of the pool’s total assets and a trading fee of 0.3%.
Aave, meanwhile, is a decentralized, open-source, non-custodial liquidity system that lets users earn interest on cryptocurrency deposits and borrow assets using smart contracts.
The Aave protocol mints ERC-20 tokens in proportion to the assets provided by lenders. These tokens are aTokens, and they accrue interest.
These successful initiatives focus on providing consumers with chances to generate passive income. However, if volatility increases, gains are diminished.
Consequently, observing the current market fluctuations, it is not surprising that their communities begin investigating Oryen for more solid economic opportunities.
Final Takeaway
Oryen has arisen as a DeFi protocol with solid foundations that have driven rivals to enhance their value propositions to remain competitive. Therefore, while it is still early, the Uniswap and Aave communities have begun taking notes.
Find Out More Here:
Join Presale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.io/
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Source: https://coinpedia.org/press-release/oryen-starts-presale-with-100-roi-staking-platform-hot-topic-in-uniswap-and-aave-communities/