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Oryen Network Shortlisted As Best DeFi Crypto, Beating Tezos And Compound
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Oryen Network Shortlisted As Best DeFi Crypto, Beating Tezos And Compound

Ruby Layram
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The DeFi craze continues to sweep through the market. Investors are looking for investment opportunities with high returns, and staking is becoming the most popular method for earning yields.

Oryen Network, a DeFi crypto offering high returns, has proven itself the best option for ICO investors who want to earn consistent profits.

Oryen Network’s presale phase has continued performing consistently in the market and is currently at its sixth presale phase with a price surge of 250%.

The success of Oryen Network can be attributed to the unique features that make it stand out from other DeFi cryptos such as Tezos and Compound.

According to Business2Community, Oryen ranks among the top-performing DeFi coins to purchase in 2022.

What is the Oryen Network?

Oryen brings a new dimension to DeFi space with a staking method that is user-friendly and efficient. The Oryen network provides the innovative Oryen AutoStaking Technic (OAT) that works through security-edited smart contracts.

In the current market, most investors are used to DeFi protocols that pay high APY that can fluctuate. However, Oryen guarantees token holders a fixed interest rate of 0.177% daily. This is in addition to an annual compounding rate of 90%.

Furthermore, the OAT differentiates itself from traditional staking with obtaining 

rewards. This is possible through its positive rebase formula. ORY holders get a daily token distribution directly proportional to the daily rebase rewards.

Taxes play a vital role in ensuring a high rewards system. The taxes promote holding within the protocol, thus generating yields compared to exchanging the token for its value.

The Oryen tax system helps in solving two major issues with token launches. The first major problem is whale wallets selling their wallets, thus causing a sudden price drop. Also, bot accounts prevent actual users from purchasing tokens.

Tezos (XTZ)

Tezos is an open-source platform that uses a proof-of-stake consensus mechanism that acts as a self-mending blockchain. This allows users to stake and earn. An amazing feature is its ability to evolve, thus preventing chances of facing hard folk. Moreover, stakeholders get the chance to vote on proposals regarding the fate of the network.

Compound (COMP)

The Compound is a blockchain that runs on Ethereum, allowing users to deposit their cryptocurrencies into a lending pool. Afterwards, lenders can receive interest on their assets by offering their cryptocurrency as collateral. Unfortunately, the Compound was one of the main victims of the recent crypto space.

Final Takeaway

Investors are looking to diversify their portfolios in light of the current bear market. Oryen network provides a unique solution with high-yield returns guaranteed. Currently, Oryen network is in its sixth presale phase, with prices increasing to 250% for their initial investors. This is forcing both Tezos and Compound holders to buy ORY to diversify their portfolios.

Learn more here:

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Ruby Layram

Ruby Layram

Ruby is a content editor and writer who has been creating content in the finance space for 4 years. Ruby attended the University of Winchester where she received an upper second-class honors degree in Psychology. During her studies, Ruby developed an interest in trading psychology which led her into the finance and crypto space. Before working for Trading Platforms, Ruby wrote content for Cryptonary, The Motley Fool UK and Bankless Times.

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.