The goal of DeFi firm Oryen Network is to make the staking sector more rewarding. The project seeks to innovate auto-staking and build a decentralized financial ecosystem.
Users can participate in Oryen staking without having to master the complicated processes of staking or yield farming used by other staking platforms.
The above feature is made possible by Oryen’s innovative protocol called Oryen Autostaking Technique (OAT). OAT is a revolutionary move that gives anyone the power of automated staking by having the smart contract used for the network initiate staking in a user’s wallet once the user’s wallet is tokenized. The user immediately starts earning a reward in the network’s native token known as ORY (the highest possible fixed staking return in the space).
This method was developed primarily with the user’s comfort and safety in mind; Users don’t have to start transferring their funds between wallets, which is a strong argument considering it exposes individuals to phishing, malicious, and cyber attacks that can cause them to lose their tokens.
The risk-free value or RFV wallet is used by the Oryen network; It is a unique wallet found in Oryen’s Protocol. A metric that guarantees to calculate the buffer value to be respected by the project at all times is the Treasury’s risk-free wallet of value.
The RFV wallet typically hosts assets such as stablecoins and protocol native liquidity offered at the lowest ORY price feasible. However, when the market is in difficult conditions, the support of each ORY owned by users may decrease. The market values of each asset are supplemented by the RFV wallet, which helps in determining the current total market value of the treasury.
The Treasury serves as a backup financial plan for the RFV wallet and is used by the Oryen team to fund additional initiatives, services, and goods.
Orien is a legitimate DeFi project to invest against other competing networks like Aave or Venus, as it is clear that the RFV wallet and treasury guarantee a secure environment for the value and preservation of the tokens owned by the user community.
Aave protocol
An open-source DeFi liquidity market called Aave compensates users for lending or borrowing assets.
Every transaction on the network has gas costs associated with it, which also affects the network’s poor yield and annual return on investment.
The native token AAVE is vulnerable to various hacking attempts as it can be staked on multiple exchanges.
Venus protocol
Venus, a DeFi system dedicated to Bitcoin lending and borrowing, offers secured lending.
It works with automated, decentralized lending systems, and the APY that lenders receive depends on the amount of money that is transferred to their wallets.
Any wallet that supports the Binance Smart Chain can hold its token XVS. Therefore, users need to start transferring funds from their wallet to another exchange platform to stake the XVS. There is significant risk and no one wants to lose money.
summary
Oryen Network steps in to fill these gaps in the Aave and Venus protocols, making Oryen Network (ORY) a smart investment for now and into the future.
For more informations:
Participate in the pre-sale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.io/
Disclosure: This is a sponsored press release. Please do your research before buying cryptocurrencies or investing in projects. Read the full disclosure here.
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