Home Oryen Network Already +200%, Still Another +20,000% To Reach Aave Market Cap
Finance News

Oryen Network Already +200%, Still Another +20,000% To Reach Aave Market Cap

Ruby Layram Finance Editor Author expertise
Fact Checked
Fact Checked
Everything you read on our site is provided by expert writers who have many years of experience in the financial markets and have written for other top financial publications. Every piece of information here is fact-checked. We sometimes use affiliate links in our content, when clicking on those we might receive a commission - at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy.
We do our best to help you make intelligent financial decisions. Tradingplatforms.com is compensated if you access certain products or services offered by eToro USA LLC and/or eToro USA Securities Inc. and other brokerage companies. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success. This however does not affect our assessments of the brokers, their features, and their overall rating.

DeFi protocols have seen their user base grow substantially in recent years. One such protocol is Aave, one of the biggest crypto-lending protocols in the world.

Aave is a DeFi protocol where users can borrow and lend crypto. All transactions are decentralized, eliminating the need to use centralized financial systems. With the protocols, users can lend and earn interest. If they borrow, they have to pay interest.

Originally, Aave ran on Ethereum. However, it has since expanded to other blockchain ecosystems, including Harmony, Fantom, and Avalanche. A decentralized autonomous organization governs the protocol (DAO). That means people who hold AAVE tokens decide what happens to the protocol.

In the legacy financial world, you need to use a bank or related institution when you need a loan. The bank takes something from you as collateral and issues you a loan, which you must repay with interest each month.

With DeFi, the bank is not there. Smart contracts stand in for banks. It means you can access loans in crypto from people directly instead of going through banks. However, you still need collateral. The result is that you can benefit from your crypto assets without having to sell them outright.

Successful Protocol

Aave has grown to become the most successful DeFi lending protocol in the world. Soon after its release, the AAVE tokens grew in price by over 20,000%. Holders of the tokens became instant millionaires. The reason why this happened is that the fundamentals of Aave were solid. Investors saw an opportunity, examined the white paper, and bought their AAVE tokens.

Oryen Network Shows Signs of Success

A successful project will always show signs from early on. Even when the community is small, there will always be signs that a crypto project will be awesome. The Oryen Network is one such good example. Thus far, the native ORY tokens have increased by 200%. That is a clear sign that these tokens are destined for greatness, especially with Youtubers picking up on the project.

Anyone who misses the giant neon sign of the Oryen Network protocol will have themselves to blame. Thus far, early investors have been making huge gains from their small ORY token investments. All of these gains have been made during the presale phase.

Without a project to examine, its whitepaper is the best indicator of how well a project could do. Thus far, investors like what they see in the Oryen Network whitepaper. One of the planned features is a fixed APY of 90%. All that ORY holders will have to do is stake their tokens and earn this massive APY.

The attractive APY, coupled with the high security of the protocol, has convinced investors this project is worth their time. Two audits conducted on the code have concluded that it is secure and ready to go. Within a short while, the platform will go live, and just like Aave, it could shoot to the moon. Those who get in early will reap the most benefits.

For More Information:

Join Presale: https://presale.oryennetwork.io/register

Website: https://oryennetwork.io/

Question & Answers (0)

Have a question? Our panel of experts will answer your queries. Post your Question

Leave a Reply

Write a Review

Your email address will not be published. Required fields are marked *

Ruby Layram Finance Editor

Ruby Layram Finance Editor

Ruby is a Finance Editor who has 5 years of experience in the finance and cryptocurrency space. Ruby attended the University of Winchester where she received a BSc in Psychology. During her studies, Ruby developed an interest in financial psychology and began writing content around the topic on a freelance basis.  Whilst she was studying for her degree, Ruby spent time learning about personal finance, investing and trading. She has written content for The Motley Fool UK, Bankless Times and Cryptonary where she also worked as an editor. Her interest in cryptocurrency came about after writing a piece for The Motley Fool about the rise of CBDCs. Since then, Ruby has actively invested in the crypto market with a focus on long-term investing.  Ruby is also an experienced trader with good analytical skills. She has used a used a variety of platforms and tools to trade and has first-hand experience with many of the platforms that are featured on the Trading Platforms website.