In times of the bear, projects that play their strengths well and show intelligent approaches will likely survive and become even more potent. However, there are only so many cryptocurrencies with that potential; and some do it better than others.
For instance, Oryen Network announced its unique approach to offering its investors more ROI at a fixed APY, even in a bear market, than projects like Rocket Pool (RPL) And Compound (COMP) at fluctuating interest rates.
Oryen Network (ORY) – Guaranteed ROI
Oryen Network is an upcoming staking platform developed on the Binance Smart Chain. However, it is no regular staking that Oryen offers. Instead, ORY has only to be held in the wallet to accrue staking rewards, as Oryen’s Autostaking Technic (or short OAT) is taking over the burden of interacting with staking contracts for the holder and pays out the dividends every hour. This results in a daily ROI of 0.177% and a guaranteed 90% annual percentage yield (or short APY). A brilliant move by Oryen’s developers to have an automated mechanism in place for easier use, compared to increasingly complex staking platforms already on the market.
Currently, Oryen is in the first presale phase and is available at a discounted rate for early seed investors.
Rocket Pool (RPL)
Rocket Pool offers staking pools and nodes, with its token RPL as currency. However, RPL revolves around Ethereum (ETH) as the main currency to stake while receiving synthesized Ethereum (sETH) as a reward. Unlike Oryen Network, users of RPL have to interact with staking contracts themselves, as it is not automated, and further, the yield fluctuates and is not guaranteed.
Compound is a complex lending protocol on the Ethereum (ETH) network, using COMP as its token to reward lenders and borrowers. Lenders can provide liquidity to the protocol, while borrowers can post collateral to get loans in any cryptocurrency for varying interest rates. Like Rocket Pool (RPL), Compound requires advanced knowledge and interaction compared to Oryen.
Innovation, but also the acceptance of users, will eventually beat stagnation. Smart DeFi projects like Oryen will eventually overcome established projects such as Rocket Pool or Compound, thanks to their innovative auto staking and auto compounding technology. ORY plans to launch on the 30th of December.
Learn More Here:
Join Presale: https://presale.oryennetwork.io/register
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.