Decentralized finance (DeFi) enables online users to make money by collecting fees from financial services, just like bankers do.
DeFi yields were one of the finest strategies for using your savings to generate additional income during the last two years.
Oryen Network appears to be in line to make old-school DeFi apps Sushiswap and Aave look obsolete by taking the lead in sustainable APY and also offering a rate that is “better than the bank.”
The primary goal of SushiSwap, a decentralized application (dApp) that runs on the Ethereum network, is to persuade a network of users to collaborate on a platform where it is possible to purchase and sell cryptocurrencies directly from one another.
The SUSHI token can be staked into the platform for a portion of the profits made from trading in the pools. However, with a plethora of DEXs around, SUSHI will need to innovate to stay in the game.
Aave is a top lending network that maintains over $5 billion in TVL even at the lowest points of the bear market. Around 7% APR is received for the AAVE coin through its local staking. Users can deposit assets into Aave lending and are able to borrow other’s assets in a low-value loan.
Lenders are paid for providing their assets, and borrowers pay the lenders, with Aave taking a slice of the fees. With many lending platforms available, some with significant improvements to the concept, Aave may be becoming obsolete.
The Oryen Network is bringing a fresh take on staking. By using what the team has dubbed a ‘Risk-Free Value’ Wallet, they can guarantee an APY of 90% to all holders of ORY.
The fact that you do not need to place your tokens in a staking contract or exchange to obtain these benefits is one of the key features of the Oryen Network system, as covered by YouTuber Steven Clarke.
This means that you always have complete control over your financial situation. The platform supports staking without needing you to transfer your tokens to a staking contract. A Risk-Free Value wallet that earns assets through trading commissions can support the ORY token.
Each week of the presale, the bonus amount of tokens reduces, and the prices increases. This means buying sooner will get you a much better entry point than waiting.
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