While still in its initial coin offering (ICO), the cryptocurrency project Oryen has already ranked among the top cryptocurrencies and altcoins of 2022. This is because, in comparison to other platforms like Aave and Lido DAO, it offers a much simpler method of accumulating passive income through staking.
Lido DAO
After Ethereum switched from a Proof of Work to a Proof of Stake consensus protocol, Lido gained influence. Validators adopted the position of ETH miners in approving all blockchains and transactions on the network through this hard fork.
Lido provides ETH staking possibilities. Staking with Lido generates stETH coins, which are used in its platfrom. Lido validates transactions on the Ethereum network with the staked ETH and then distributes the profits to its investors.
Oryen
Crypto users can now have their tokens automatically staked and receive a guaranteed 90% APY at a daily ROI of 0.177%, which is paid out hourly and directly into their wallets, thanks to Oryen’s Autostaking Technique (OAT).
With the help of its auto-staking and auto-compounding features, the Oryen platform is providing all users, regardless of their degree of expertise, access cryptocurrency gains. The platform also incorporates a tax mechanism that transfers funds to a wallet with Risk-Free Value (RFV) to lessen the chances of ORY’s crash during periods of high volatility.
Due to its advantages over complex traditional staking systems, this new DeFi project running on the Binance Smart chain has garnered a ton of excellent feedback from well-known commentators in the crypto sector including Jim Crypto and Darryl Boo.
Oryen’s ICO is nearing its conclusion. However, it has no vesting, is automatically airdropped to holder wallets, and is to be launched at $0.35, giving all ICO buyers an equal chance to secure presale gains.
Aave
Aave has been around for a while. It runs its smart contracts on Ethereum. A set of computer algorithms on the ecosystem’s software govern these smart contracts. With Aave, users can lend and borrow a wide variety of virtual assets from its lending pools. Lenders profit on their investments by loaning out cryptocurrency.
Conclusion
By providing simplified passive incomes through its OAT, which essentially only requires users to buy, hold, and wait for returns, Oryen is positioned to lead DeFi staking.
To get more information:
Join Presale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.io/
