The DeFi revolution taking over conventional finance is the best thing that may have happened to the world. The delivery of financial services on a blockchain eliminates the role of intermediaries, thus providing complete ownership. What makes decentralized finance even more attractive is the potential for insane returns on investment. However, as an investor, you should always look at the source of yield and sustainability of high returns. Projects like Curve protocol and Fantom have proven their mettle in a competitive space, as developers continue to experiment and innovate.
Oryen Network is one of the latest products in this industry that promises a fixed 90% APY through a sustainable mechanism. Unlike Ponzi schemes, the incentives offered to Oryen holders have a real economic value, thanks to the underlying concept.
What is so innovative about the Oryen Network?
An unrealistic interest rate in the crypto world is not something unheard-of. However, this sector is still in its early stages, and there’s every chance of encountering loopholes and risks. Taking into account the previous mistakes in the DeFi sector, Oryen developers designed an Autostaking feature that derives value from the community.
Unlike other rebase tokens, $ORY is based on a positive rebase formula, which ensures a consistent increase in supply for the token holders. This eliminates the need to stake tokens in any wallet or move the assets to any website.
The OAT system entitles every investor to receive a daily fixed interest of 0.177%, which auto-compounds to 90% in a year. The protocol implements taxes on each transaction to support high-yielding APYs, while also funding new products and services. The overall growth and sustainability of the Oryen ecosystem hinge on the treasury that grows in strength over time.
Oryen has a separate RFV (Risk-free value) wallet to protect $ORY from extreme market conditions, while also protecting the floor price. It also…
