The latest defi protocol to take the cryptocurrency space by storm is self-sustaining and automated to assure a redefined approach to predictable yields.
Oryen is in its seventh presale phase and it poses great features that stand out in terms of ease of use. It emerges as a top contender to Polkadot and Chainlink.
Oryen (ORY) – Self-sustaining and Automated Protocol
Oryen is an auto-staking and auto-compounding platform that is built on the Binance Smart Chain. The platform encourages automated functionalities that see to a sustainable and continuous stream for unprecedented passive income. To aid its operations, Oryen enlists its unique protocol – OAT (Oryen Autostaking Technic) to ensure the smooth running of the platform and other features that work closely with the protocol.
A certain feature of Oryen, called the Anti-whale tax is quite remarkable in its entirety. This feature operates by limiting the activities of whale investors that engage in large buying and selling of ORY (Oryen’s Native Token) in a very short period. It is quite common for this sort of activity to take place in the crypto space as it tends to disrupt market orders and manipulate the price of an underlying asset.
Oryen helps to reduce such cases through its in-built tax system via ORY and in turn to ensure a fair, and predictable yield that is sustainable by simply holding ORY for staking rather than trading. Some of this tax is directed into the RFV (Risk-Free-Value) wallet and Treasury which are important features that promote the stability of Oryen’s liquidity pool.
According to Business2Community, Oryen is one of the best defi coins to buy in 2022. ORY is Oryen’s native token that provides an interest rate of 0.177% daily and ultimately an annual yield of 90% APY, which is unmatched in decentralized finance.
Polkadot is a decentralized blockchain platform that facilitates the cross-blockchain transfer of crypto assets, data, messages, etc. Polkadot via its interoperability feature allows multiple unrelated blockchains to securely exchange value and ensure a speedy and scalable process. Through the use of parallel blockchains called Parachains, Polkadot also multi-linking of diverse resources between blockchains. Its native token, DOT, serves as a governance token that enables users to make future decisions about the development of the protocol. It is also used for staking on the platform.
Chainlink provides a system of nodes that seek to collect data from outside sources, unto on-chain smart contracts without compromising on security. LINK, its native currency, is an Ethereum token that powers Chainlink’s decentralized oracle network.
Oryen stands headstrong in decentralized finance. As a multi-operational protocol, it houses a class of functionalities that caters to providing predictable yields through automated and transparent functions.
Learn more here:
Join Presale: https://presale.oryennetwork.io/register
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