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

Ruby Layram Finance Editor Author expertise
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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:

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

Website: https://oryennetwork.io/

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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.