In the DeFi space, earning a high yield on your crypto investments is often cited as one of the ecosystem's key advantages over traditional finance. However, staking your assets can be a complex and time-consuming affair.
Enter Oryen, a relatively new project looking to make staking more accessible and rewarding for users. The team behind Oryen has just announced that their protocol will offer a whopping 90% fixed annual percentage yield (APY) to users who stake their $ORY tokens with the protocol.
With staking rewards often ranging from 5-20% APY, the announcement has caused a stir among the DeFi community, with many users eager to learn more about how Oryen works and how it can deliver such high returns.
Oryen Network has also revealed that its protocol has already seen significant interest from holders of other major DeFi assets, such as SushiSwap (SUSHI) and Maker (MKR).
Oryen Autostaking Technic, or OAT, is the primary selling point of the Oryen network. It ensures that every $ORY token holder is instantly eligible for daily rebase rewards. In contrast to previous rebase currencies, the Oryen network employs a positive rebase formula, allowing holders of $ORY to continue to increase their holdings. This is all achievable without locking the assets or moving them to a different wallet. As soon as you acquire tokens, they are promptly staked, and a daily return of 0.177% automatically accumulates to a 90% APY is assured.
A Risk-Free value wallet backs this positive rebasing, acting as a buffer during volatile market conditions.
Currently in ICO stage, the Oryen team offers investors 15% bonuses and referral programs, meaning it is an ideal time to become a community member.
SushiSwap (SUSHI) is an illustration of an
Read more on cryptonews.com