As crypto markets inch closer to the end of Q4 2022, many projects are seeking a positive atmosphere to recuperate as market scenes have been rather bleak.
Oryen, a decentralized protocol, provides a ray of hope to an already battered market as it ushers investors to a revamped world of crypto staking, and it earns its place alongside Shiba Inu and Polygon as the top DeFi picks for 2023.
Oryen's protocol – OAT or Oryen Autostaking Technic is the protocol that highlights next-level staking and simplicity in earning passively. The OAT Autostake feature employs an easy function called the Buy-Hold-Earn. The purpose of this function is to provide smooth usage for ORY holders to achieve monumental gains.
The Buy-Hold-Earn function can be envisioned as an instance: where an investor buys ORY tokens (Oryen's Native Token) and holds the token in their Oryen-based wallet, such an investor is automatically qualified to earn rebase rewards directly to their wallets.
To help facilitate this stress-free function, Oryen implements a positive rebase formula to ensure a fair daily token distribution in direct comparison to the daily rebase rewards valued at 0.177% of the total amount of ORY tokens held in a wallet. This system allows distribution on each rebasing period to all ORY holders. Oryen is the definition of an "auto-class top-tier protocol" that is well ahead of many protocols in decentralized finance. According to CryptoNews, Oryen is one of the best cryptocurrencies to buy right now.
As far as the Buy-Hold-Earn goes in terms of simplicity, if an ORY token holder does not move their tokens from their wallets, they will receive an annual compound interest of 90%, ultimately earning for its holders the highest assured yield in the crypto market.
Shiba Inu is the "meme-coin centric rival" to dogecoin. In terms of insignia, SHIB shares a similar depiction of the famous mainstream "doge meme." It was launched in August 2020 by an anonymous developer. SHIB token facilitates NFT incubations and the development of a DeFi exchange called Shibaswap.
The Indian-built decentralized blockchain accommodates the creation and development of decentralized applications (DApps). Polygon is built on the Ethereum blockchain, and its token, MATIC, enables low transaction fees for in-platform usage without compromising security.
As the dynamic DeFi ecosystem continues to change, so does the need for more efficient crypto projects that deliver needed utilities and benefits to their investors. Oryen is on the course to change the narrative of staking and earning in DeFi.
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Website: https://oryennetwork.io
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