Staking can be complex and time-consuming; it is natural that buyers require the process to be worthwhile in terms of expected passive income. Other factors affect the attractiveness of an APY rate, such as whether it is variable or static. It is also important to consider what is demanded of the holder in order to receive returns, such as token lock up. With that in mind, let’s compare some cryptocurrencies to see how they stack up with staking.
Oryen Network (ORY)
Oryen introduces its innovative Oryen Autostaking Technic (OAT) to a market eagerly awaiting development in ease-of-use passive income function. It utilizes a range of underlying technological solutions to secure a static rate of return that’s paid directly into your wallet via rebase rewards simply by holding ORY tokens. Users need not have any technical knowledge of staking cryptocurrency at all, removing a key barrier to market entry for many. ORY offers a fixed rate of return of 0.177% per day, compounding to 90% per year. Most other protocols have far lower or unfixed rates, which are more challenging to implement than passive income using ORY’s OAT. But, guaranteed, higher returns are well within reach.
Polygon (MATIC)
Polygon is an interoperability solution for Ethereum-compatible blockchains. It negotiated a collaboration with an American media conglomerate, Disney, and was the only crypto company selected to take part in Disney’s 2021 Accelerator Program. This generated well-received price hikes at the time, but let’s zone in on MATIC’s APY: a lowly 8%. In terms of staking, Polygon’s compounded APY totals less than 10% of what ORY promises to provide.
PancakeSwap (CAKE)
PancakeSwap offers passive income opportunities through staking and pooling, but neither option offers a static rate. While your CAKE is locked up, it is vulnerable to severe market fluctuations. Staking CAKE is, therefore, always a gamble, depending on how much and how long you are willing to risk.
Cardano (ADA)
Cardano is a blockchain with one of the fairest initial distributions on the market. It has been around for five years and is generally well regarded for its security. Developers use Cardano’s ecosystem to create all kinds of content. ADA holders may stake in Cardano’s Daedalus wallet for an estimated 5% APY. Again, paltry rates in comparison to ORY.
Conclusion
If staking is your game, ORY boasts not only the highest compound interest rate but it guarantees payment at this fixed rate forever. If you feel this project is right for your portfolio, the ICO is on sale right now, including a 15% bonus for supporters purchasing in the first phase.
Find Out More Here:
Join Presale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.io/
Telegram: https://t.me/OryenNetwork
Discord: https://discord.com/invite/jSvaXmb2cB
Twitter: https://twitter.com/oryennetwork
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