Oryen Network has reached new heights after releasing its latest feature – the Oryen decentralized app (dApp). The crypto staking protocol aims to offer convenient and reliable DeFi services, including low-cost token swaps via the Oryen decentralized exchange (DEX).
This new development follows a streak of meteoric token surge for $ORY, which recently reached $0.175 after launching in late September. This two-month growth represents a 300% surge in the token’s value, bringing big smiles to the earliest investors. Also, the project ranks among the leading DeFi coins.
Understanding Oryen Network
Oryen Network is a feature-packed staking protocol built on the Binance Smart Chain. The platform comprises powerful tools that simplify staking and generate the highest staking returns in the crypto sector. Investors on Oryen don’t need to lock their assets to earn. Simply buy and hold the native token, $ORY, and earn 90% guaranteed APY.
The static APY is a favorite feature for many investors, if not all. You are sure to earn a fixed passive income regularly. Oryen also gives the staking a touch of reliability with its hourly interest payouts, unheard of in any crypto staking platform today.
Essentially, Oryen is built to remain sustainable in the long term. The project has powerful tools to keep $ORY’s value stable. This feature adds more utility to $ORY as you can use the token to store or exchange value without worrying about volatility effects. The tools deployed comprise the Oryen Treasury and Risk-Free Value (RFV) wallet, which hold assets to back up the token’s price. Thus, $ORY gradually appreciates regardless of volatility.
What is SushiSwap?
SushiSwap is an automated market maker (AMM) DEX forked off Ethereum’s largest permissionless exchange, Uniswap. The DEX deploys smart contracts to create markets for token pairs, allowing users to swap tokens directly from their self-custody wallets.
SushiSwap’s native token, $SUSHI, is the lifeblood of the ecosystem. The token is used to settle network transaction fees, reward liquidity providers, and govern operations. SushiSwap ranks among the top 20 DEX platforms with over 350 markets.
What is Safemoon?
Safemoon is an autonomous yield protocol that offers Safemoon Swap token ($SFMS) rewards for holders while supplying liquidity to its pools. This is funded by the transaction fees imposed on the network.
Safemoon Swap also issues a high APY, up to 80%. Unlike Oryen, Safemoon Swap’s APY rates are floating and fluctuate depending on market conditions. Further, $SFMS is deflationary, and the project regularly burns tokens from circulating supply to sustain the token floor price.
SushiSwap is a well-established DEX, and Safemoon Swap can boast high yields for token holders. Still, Oryen’s newly launched DEX has the right ingredients to reach the top of DEX rankings like SushiSwap.
The project has built utility for $ORY, and its community rapidly grows by the day. Compared to Safemoon Swap, Oryen issues the highest rewards, backed by intuitive tools that simplify staking and token swaps. From the current trend, it’s safe to say that Oryen’s dApp will take your staking and DeFi experience a notch higher. And many experts agree!
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