Oryen Network Brings Auto-Staking to DeFi, New Competition for Synthetix and Compound

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Dis­claimer: The text below is a press release that is not part of Cryptonews.com edi­to­r­i­al content.

The DeFi land­scape shifts, and the intro­duc­tion of next-gen stak­ing tech­nol­o­gy pow­ers this dra­mat­ic shift along with the exo­dus of funds from cen­tral­ized exchanges bol­ster­ing liq­uid­i­ty across DeFi. Oryen Net­work rep­re­sents cut­ting-edge stak­ing tech­nol­o­gy and begins to com­pete with pro­to­cols like Syn­thetix and Com­pound for capital. 

Oryen Network 

Oryen Net­work has deliv­ered a new stan­dard for stak­ing in DeFi. Devel­op­ers have deployed the Oryen Autostak­ing Tech­nic (OAT) sys­tem that intro­duces auto stak­ing mean­ing investors only need to pur­chase ORY to par­tic­i­pate in the earn­ing process. The smart con­tracts built into the OAT also auto-com­pound ORY. The result: a three-step earn­ing process that pays out an incred­i­ble 90% APY thanks to the pow­er of com­pound interest. 

Cryp­tonews has list­ed Oryen Net­work to be one of 2022’s best pre­sales. And investors par­tic­i­pat­ing in the ICO will ben­e­fit mas­sive­ly from the auto-air­drop fea­ture. At launch, ORY will have no vest­ing peri­od and hit the open mar­ket at $0.35 com­pared to its cur­rent pre­sale price of $0.175. Addi­tion­al­ly, pre­sale par­tic­i­pants get a token bonus, mak­ing tak­ing part in Oryen Net­work’s pre­sale one of Q4’s most lucra­tive cryp­to investments. 

Synthetix 

Syn­thetix is a DeFi deriv­a­tives liq­uid­i­ty pro­to­col that allows investors to mint syn­thet­ic assets and spec­u­late on the price of non-native cryp­to assets, such as fiat cur­ren­cies, with­out own­ing the under­ly­ing asset. Syn­thetix intro­duced deriv­a­tives to DeFi, cre­at­ing more robust trad­ing and bring­ing the best of the lega­cy sys­tem to DeFi. The pro­to­col has improved user expe­ri­ence by launch­ing on Opti­mism, the lay­er two scal­ing solu­tion, offer­ing faster and more afford­able transactions. 

Compound 

Com­pound is one of the orig­i­nal DeFi lend­ing pro­to­cols and has seen an increase in cap­i­tal allo­ca­tion fol­low­ing the col­lapse of var­i­ous cen­tral­ized lend­ing ser­vices. Investors deposit assets on Com­pound, earn inter­est, and can col­lat­er­al­ize these assets to take out loans. This allows traders to gain increased expo­sure to assets. Best of all, these loans are per­mis­sion­less. Acces­si­ble by any­one at any time as long as they have dig­i­tal assets as collateral. 

Closing Thoughts

Investors should diver­si­fy and build a bal­anced port­fo­lio. The recent col­lapse of FTX and the com­ing con­ta­gion will see more liq­uid­i­ty flood into DeFi, increas­ing the val­ue of all the assets in the space. Com­pound offers lend­ing, Syn­thetix trad­ing, and Oryen Net­work next-gen stak­ing. It is hard to find a pro­to­col that can com­pete with Oryen Net­work’s price action, and the launch will see thou­sands of ear­ly investors net healthy profits. 

Find Out More Here:

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

 

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