Oryen Network Brings Auto-Staking to DeFi, New Competition for Synthetix and Compound
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
The DeFi landscape shifts, and the introduction of next-gen staking technology powers this dramatic shift along with the exodus of funds from centralized exchanges bolstering liquidity across DeFi. Oryen Network represents cutting-edge staking technology and begins to compete with protocols like Synthetix and Compound for capital.
Oryen Network has delivered a new standard for staking in DeFi. Developers have deployed the Oryen Autostaking Technic (OAT) system that introduces auto staking meaning investors only need to purchase ORY to participate in the earning process. The smart contracts built into the OAT also auto-compound ORY. The result: a three-step earning process that pays out an incredible 90% APY thanks to the power of compound interest.
Cryptonews has listed Oryen Network to be one of 2022's best presales. And investors participating in the ICO will benefit massively from the auto-airdrop feature. At launch, ORY will have no vesting period and hit the open market at $0.35 compared to its current presale price of $0.175. Additionally, presale participants get a token bonus, making taking part in Oryen Network's presale one of Q4's most lucrative crypto investments.
Synthetix is a DeFi derivatives liquidity protocol that allows investors to mint synthetic assets and speculate on the price of non-native crypto assets, such as fiat currencies, without owning the underlying asset. Synthetix introduced derivatives to DeFi, creating more robust trading and bringing the best of the legacy system to DeFi. The protocol has improved user experience by launching on Optimism, the layer two scaling solution, offering faster
Read more on cryptonews.com
