DeFi has transformed the financial industry. Most DeFi platforms are, however easily corrupted and principally vulnerable to market volatility.
Oryen’s numerous features, regular audits, and acknowledgement by leading crypto aficionados, however, demonstrate that this network is less exploitable than Compound and Aave.
Oryen (ORY)
A decentralized cryptocurrency staking platform called Oryen Network offers users extremely large rewards. The platform announced its initial coin offering (ICO) in late September and has since seen tremendous growth in its community and 250% investor returns. Investors eager to increase their holdings are buzzing about this strong performance amid the volatility in the cryptocurrency market.
Oryen is the first DeFi staking platform of its kind to guarantee fixed returns of 90% annually. The Oryen Autostaking Technic (OAT), the protocol’s automatic staking mechanism, maintains this fixed APY. Additionally, because no money is locked, traders can access payments every hour.
In addition to staking, the platform’s security mechanism includes an anti-whale tax approach and routine smart contract audits with Solidproof. The protocol’s Risk-Free Value (RFV) wallet, which stores asset reserves to maintain the value of the ORY coin amid turbulent markets, is another amazing feature of the Oryen network.
Compound (COMP)
With Compound, users may contribute Ethereum-based assets to lending pools that borrowers can access. Users have access to variable interest rates when they choose to deposit funds.
The loan platform’s own currency, COMP, is another reward for users to engage with its platform. In COMP, users are incentivized for borrowing, withdrawal, or repaying loaned assets.
Aave (AAVE)
Another reputable DeFi site for lending and borrowing cryptocurrency is known as Aave. Borrowers can lock a variety of digital assets on the site as collateral using the money market mechanism. Aave users maintain complete control over their wallets and private keys thanks to the self-custody system. Users can thus lend and borrow amongst themselves.
Using the Aave Improvement Proposals (AIP), Aave’s (AAVE) tokens are utilized to vote on propositions like recommended upgrades. In addition, Aave offers staking rewards to customers who lock their money.
Conclusion
Aave and Compound are two of the best DeFi platforms. These platforms, however, are quite vulnerable to attack, and have sustained significant losses during the recent bear market. This has resulted in trader investment setbacks. On the other side, Oryen keeps demonstrating why it is a more secure DeFi platform.
For more:
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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