• April 23, 2024

Satoshihodler.com

All the latest cryptocurrency news

Oryen Network Makes Staking Accessible To Beginners Unlike Fantom or Uniswap

ByLouis Adams

Dec 5, 2022
Reading time: 2 minutes

Staking is a great way to earn passive income. It’s also a great way to diversify your portfolio and participate in the blockchain revolution. And yet, for all its benefits, staking can be challenging for new investors to get started.

That’s where the Oryen Network comes in. It makes staking simple for new users by offering an autostaking mechanism that works in three easy steps: buy, hold, and earn. This is preferable to other staking platforms like Fantom or Uniswap because it doesn’t require technical knowledge or time-consuming setup processes.

Understanding Oryen Network

Oryen is a unique cryptocurrency that makes staking accessible to all investors, regardless of skill level. It has a unique Autostaking Technique (OAT) that stakes on your behalf, making it easy for you to participate in staking and earn rewards. 

OAT monitors and sustains rebase rewards and underlying pricing, guaranteeing a 90% annual percentage yield (APY), which equates to 0.177% daily. This ensures that you will earn good rewards regardless of market volatility, which is very important in today’s crypto market climate. Crypto YouTubers such as Darryl Boo have recently talked about the Oryen project as one of the most promising coins from these unique features.

In addition, Oryen Network has Risk-Free-Value (RFV), which supports ORY’s floor price in times of low volume. The RFV is backed by treasury support that also maintains yield payouts in times of market volatility. 

Oryen network has the most straightforward, safest staking protocol with the largest fixed rewards thanks to the OAT mechanism and thoughtfully designed tokenomics. Business2Community has named Oryen as one of the top coins in 2022 and one of the most promising coins to add to your portfolio.

Fantom

With the Fantom blockchain network, you can perform a transaction as fast and cheaply as possible. Its main use cases are payments, health records, and digital authentication. You can also stake with FTM, the native token of Fantom. However, the staking isn’t as simplified as on the Oryen network.

Uniswap

Uniswap is a decentralized exchange (DEX) that allows its users to exchange ERC20 tokens on the Ethereum blockchain. Users can exchange ETH tokens safely since they are not required to put their investment in the hands of a third party. 

Also, Uniswap created an Automated Market Maker model, where users contribute Ethereum tokens to “liquidity pools” on the platform, and algorithms use supply and demand to set market prices. By donating tokens to the Uniswap liquidity pools, users can also benefit from incentives while supporting peer-to-peer trading.

To Wrap Up

The most exciting aspect of cryptocurrency investing is passive income generation; thus, the process should be as simple as possible. Oryen’s simple staking mechanism is attracting more investors due to its unmatched high APY and straightforward practice. Fantom and Uniswap investors are expected to switch to Oryen for more consistent and long-term gains.

Learn More Here: