The cryptocurrency market is today’s “gold rush” where a wise investment can quickly multiply your wealth.
Every day, blockchain networks like Ethereum and Binance Smart Chain are issuing hundreds, if not thousands, of new tokens. Most of them are either scams created by dishonest developers to take advantage of naïve investors or meme currencies created by amateurs trying to cash in on the cryptocurrency craze. But in this sea of shit coins and scam coins, a few gems would multiply early investors’ investments by 100s or even 1000s.
The newly emerged Oryen Network auto-staking protocol has been dominating the news worldwide. It introduces new presale module with weekly price increases to reward early backers as much as possible. Parallels have been drawn between its successful ICO and Aave and Maker. The question is, can we expect ORY to replicate this level of performance?
Oryen Network – a future of staking
Oryen Network’s goal is to provide holders with a simple and scalable mechanism to earn passive income through automated token staking and compounding. There is no need to stake tokens on the website or through third party applications. Instead, investors holding $ORY get rebase incentives of 0.00733% every 60 minutes instantly in their wallet thanks to the revolutionary OAT system.
Most notably, Oryen Network offers the highest fixed APY in the crypto world at 90%, an excellent lasting passive income opportunity. The token supply will be elastic and the positive rebase formula will ensure that it remains stable and appreciates in value over time.
With just a few weeks under its belt, Oryen has already seen a remarkable 200% price growth, signaling that major updates are on the way.
Is Aave a good investment?
Through a complex system of smart contracts, Aave connects lenders and borrowers in a trustless manner, allowing users to deposit their cryptocurrency and earn profits.
Lenders’ crypto is held on Aave’s security-checked smart contract once they lock it on the platform. This contract serves as the platform’s liquidity pool and withdraws cash for borrowers from the platform.
Lenders earn interest on the money they borrow and can remove all or part of their deposited cryptocurrency whenever they wish.
AAVE is an ERC-20 token that users can stake to offer protocol security in exchange for rewards. In addition, borrowers who collateralize their loans with the platform’s native token benefit from lower fees.
What should you know about Makers?
Maker (MKR) is an Ethereum-based utility and governance token powered by the Maker smart contract platform. The Dai cryptocurrency is stabilized by MKR’s dynamic system of Collateralized Debt Positions (CDPs), autonomous feedback mechanisms and appropriately compensated external actors.
By voting on platform changes, Maker holders help ensure that 1 Dai is always equal to $1 and the system can function normally. When the Dai fund runs out of money, the Dai system is kept afloat by printing and selling new MKR tokens.
Anyone with access to the Maker platform can use Ethereum-based assets to create Dai, which the system will hold until the amount owed to Dai is repaid.
The last snack
Anyone who has been with Aave and Maker from the start has a lot to celebrate. However, the years pass and the market produces many new jewels. While it’s still early days for Oryen, the project has already shown promise. If it continues on its current course, Oryen could become the next big player in the DeFi space.
Learn more here:
Join the presale: https://presale.oryennetwork.io/register
Disclaimer: This is a sponsored article. The views and opinions expressed in this article do not necessarily reflect the views of CoinCodex. The content of this article should not be construed as investment advice. Always do your own research before deciding to buy, sell, or transfer any crypto assets.