Defi protocols jostle for liquidity. In the colder market conditions and a risk-off environment, protocols must work harder to make investors part with their capital. Investors want decent and dependable yields. Oryen Network offers both and, as a result, has posted gains of nearly 100%: blasting ahead of Litecoin and Fantom.
Oryen Network
This lesser-known DeFi protocol has distilled passive income into three steps: buy, hold, earn. On top of this, Oryen possesses a relatively small market cap, allowing it to make explosive gains. Business2Community analyzed Reddit threads for the most promising token of 2022, and it seems Reddit has already picked up on this project.
Oryen Network features buy and sell taxes, and the Oryen Autostaking Technic (OAT) system channels this liquidity through the protocol to compound value for investors. It enriches the liquidity pool allowing low-slippage trading: making it more enticing to traders, who contribute liquidity in taxes. It builds the protocol treasury, which funds the Oryen ecosystem’s expansion. And even creates a liquidity reserve known as the RFV (Risk-Free Value) wallet, deployable in the event of market volatility to stabilize ORY’s price. The OAT even auto stakes and auto compounds yields for investors resulting in a self-contained earning process with a phenomenal 90% APY.
Litecoin
Charlie Lee launched Litecoin in 2011, making it one of the most longstanding tokens in the space. Litecoin, at its bare bones, is just the Bitcoin network but with a changed hashing algorithm and a reduced block time. Litecoin changed the block time from ten minutes to two and a half minutes to make a more scalable alternative to Bitcoin.
However, with many newer and far faster blockchains, Litecoin will struggle to attract significant attention, and its price will display this in the next bull market.
Fantom
Fantom experienced its peak throughout 2021; Fantom and other alternative layer-one blockchains defined the bull market of 2021. They rapidly drained liquidity from Ethereum and became the hotbeds of DeFi activity. Fantom’s ultra-scalable network and low fees, paired with the Fantom Foundation’s incentive program, turned the Fantom ecosystem into arguably the most dynamic network in crypto.
However, it appears Fantom has run out of steam, and increasingly advanced layer two scaling solutions built on Ethereum steadily draw liquidity from the network in the same manner as it once did to Ethereum.
Closing Thoughts
Investors want their assets working for them, and they want security. Oryen’s success centers solely on providing these two things. It represents a natural choice for investors who want to earn passive income in the current market.
Find Out More Here:
Join Presale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.io/
lDiscaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
