The goal of the DeFi firm Oryen Network is to make the staking sector more rewarding. The project is attempting to innovate auto-staking and build a decentralized financial ecosystem.
Users may take part in Oryen’s staking without having to master the intricate processes of staking or yield farming used by other staking platforms.
The above function is facilitated by Oryen’s innovative protocol named Oryen Autostaking Technique (OAT). OAT is a revolutionary move that gives everyone the chance of automated staking, in that the smart contract used for the network initiates staking in a user’s wallet once the user’s wallet gets funded with tokens. The user immediately starts earning a reward in the native token of the network known as ORY (the highest possible fixed staking return in the space).
This method was primarily developed with the user’s comfort and safety in mind; users don’t have to begin transferring their cash between wallets, which is a strong argument considering that doing so exposes individuals to phishing, harmful, and cyber assaults that might cause them to lose their tokens.
The risk-free value, or RFV, wallet is used by the Oryen Network; it is a unique wallet that is included in Oryen’s protocol. A metric that guarantees to calculate the buffer value to be maintained by the project at any moment is the risk-free value wallet of the Treasury.
The RFV wallet normally houses assets like stablecoins and protocol-owned liquidity priced at the lowest feasible ORY price. However, when the market is under severe conditions, the backing of every ORY owned by users might decrease. The market values of each asset are complemented by the RFV wallet, which aids in determining the overall current market worth of the treasury.
The treasury serves as a backup financial plan for the RFV wallet and will be utilized by the Oryen team to finance additional initiatives, services, and goods.
Oryen is a legitimate DeFi project to invest in over other competing networks like Aave or Venus since it is clear that the RFV wallet and treasury guarantee a safe environment for the value and preservation of the tokens owned by the user community.
Aave Protocol
An open-source DeFi liquidity market called Aave compensates users for lending or borrowing assets.
Every transaction on the network is subject to gas costs, which also affect the network’s poor yield and annual return on investment.
The native token, AAVE, is vulnerable to various hacking attempts because it may be staked on several exchanges.
Venus Protocol
Venus, a DeFi system that deals with lending and borrowing bitcoin, provides secured loans.
It works with automated, decentralized lending systems, and the APY that lenders receive depends on the amount of money that is transferred into their wallets.
Any wallet that supports the Binance Smart Chain may hold its token, XVS. Therefore, users will need to start transferring money from their wallet to another exchange platform to stake the XVS. There is a significant risk involved, and nobody wants to lose money.
Summary
To close these holes in the Aave and Venus protocols, Oryen Network steps in, and this makes Oryen Network (ORY) a wise investment for the present and the future.
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.
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