The DeFi industry is garnering a lot of traction from investors. With the bear market in full swing, it’s hard to find a project that can be trusted and will pay its users an interest rate that’s worth investing in.
Oryen Network is one of the most promising DeFi projects in the current bear market, and it’s on track to surpass Compound and Curve in terms of the user base. Its rise in the market is captured by crypto analyst Steven Clarke in his recent video review.
With all of this happening in the crypto space right now, it’s clear that there is much more than meets the eye when building one of the best new crypto coins for 2022.
What is the Oryen Network?
Oryen is a staking platform changing investors’ perceptions of the DeFi industry. One outstanding feature of the staking platform is its high fixed APY that provides an easy and safe way for investors to earn passive income.
Oryen’s performance in the market is something out of the ordinary. Currently, it is at its sixth presale, with prices surging up to 250% compared to Compound (COMP) and Curve (CRV).
The continued success of the Oryen network during its presale phases is a testimony of the demand in the market for such a trajectory by investors. Moreover, Oryen is backed by a strong development team plus a wide set of features to set it apart from its competitors.
For example, Oryen uses an innovative Oryen Autostaking Technic (OAT) for its holders’ easy and secure staking. In addition, holders can buy-hold-earn after purchasing their tokens. Moreover, holders earn rebase rewards that directly appear in their wallets.
Compound (COMP)
Compound (COMP) is an Ethereum-based decentralized lending platform that allows users to supply and borrow Ethereum tokens at different interest rates.
It features a program that matches the lenders and receivers with an algorithm, thus eliminating the need for a middleman. A common feature of the platform is liquidity mining, which rewards users for lending their cryptocurrency.
Curve (CRV)
Curve is a place for investors who are looking to trade with stablecoins. The platform uses an automated market model that focuses specifically on stablecoins. Moreover, it allows for liquidity for providers to earn swap fees. This is without risking an imminent loss.
Unfortunately, an incident in August saw the platform lose up to $500,000 from its platform. It is an incident that deterred many investors from associating with the platform. Thus, its prices plunged in the market.
Final Thoughts
Overall, Oryen Network is a promising platform for investment and has investors flocking to get as much ORY as possible. So what can you do? If you want to invest in such a project, hurry up and make sure you join the 6th presale stage!
Learn more here:
Join Presale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.io/
