Introduction
The advent of Decentralized Finance(DeFi) means that people can now engage in financial transactions without using local banks or their facilities because of their many limiting features; people often get little to no interest in saving their money in the banks, and with inflation, their locked up funds lose value and purchasing power amongst other limitations.
DeFi now allows people to save up funds in digital currency form with different decentralized platforms, which act as banks but are different in that they are not controlled by any central body, and they earn rewards for saving their funds; this act is known as staking.
In times past until now, we have seen different shades of capabilities from many DeFi platforms, from their decentralized exchange to manual staking mode and so on. These platforms, however, come with several limitations; some of the platforms were built without having the end-users in mind, and users struggle to find solace, trust, and ease of usage in those platforms.
Then came Oryen Network
The Oryen Network, developed by the Oryen team with the ORY native token, is an invention that, given the intricacy of staking features on many other platforms, automates them. As a result, users no longer need to understand the intricate procedures attached to staking their money. Oryen Network is a gap-closing platform that was developed after learning about and observing the restrictions associated with the DeFi protocols that have already been used.
It has the long-term goal of making ORY a recognizable cryptocurrency used across many platforms and networks.
The Oryen facility has other qualities that make it a significant Defi player, including:
- The OAT – The Oryen Autostaking Technique (OAT), a technique developed by the Oryen Network that enables simpler and quicker financial services, automatically starts staking as soon as a user wallet is filled with tokens. The funds then start earning rebase incentives right away. It has also been constructed to act as a base for upcoming advancements in the Oryen ecosystem.
- Fixed APY – Unlike many other platforms, it is not constrained by stake payouts that change according to the market season. By providing customers with a consistent daily interest rate of +0.177%, which compounds to an annual percentage yield of 90% for their staked asset, Oryen solves the problem of uncertainty. This enables users to know with certainty how much return they may expect from their investment.
- Faster Rebase Rewards – The protocol of the network makes sure that benefits for liquidity suppliers automatically compound. The network pays out ORY stakers once every hour or 24 times per day. Contrary to other platforms, this pays out investors for a maximum of eight hours every day.
- The RFV Wallet – Risk-free value of Oryen Stablecoins and protocol-owned liquidity are held in an operating wallet at the lowest ORY price. In addition to the market worth of each item, the wallet guarantees the value and protection of the user’s possessions.
Oryen Network stands apart from the competition thanks to these capabilities, which have led to comparisons to major DeFi companies like Maker and Curve. Both systems are among the most reliable DeFi networks. Now that Oryen Network is entering space, great things are in store for the DeFi business.
For More Information:
Join Presale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.io/
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
