Staking is the ideal form of passive income for crypto investors. There are three ways to earn within crypto and DeFi: staking, liquidity mining, and lending. Yield farming is the umbrella term and can generally be defined as using crypto to generate crypto. Staking is the best method due to its security and safety. Investors face no risk of impermanent loss or creditor default.
Staking allows investors to hold a single asset and be rewarded in the same asset making it an essential investment strategy for the bear market. Investors must stay ahead of the curve and put their assets to work instead of waiting for capital appreciation. Oryen Network’s (ORY) staking is competing with industry giants PolkaDot (DOT), Tezos (XTZ), and Algorand (ALGO).
Oryen (ORY)
Oryen has introduced OAT (Oryen Autostaking Technic), which enables auto staking and auto compounding directly from investors’ wallets allowing it to deliver a market-leading fixed APY of 90%. This translates to a daily ROI of 0.177%. Oryen funds these positive rebases through buy taxes (8%) and sell taxes (12%).
This community-driven DeFi protocol has introduced safe and easy staking for all investors and distilled the earning process into buy, hold, and earn. Oryen puts community first and leads a new standard for DeFi.
PolkaDot (DOT)
PolkaDot brings interoperability to the digital asset space. A pain point for blockchain technology has been the inability of sovereign chains to communicate data or assets. PolkaDot introduces its relay chain, which carries data and value between its parachains- purpose specific blockchains- allowing 150 distinct blockchains to communicate freely. Investors can stake their DOT to help secure and validate the network whilst earning DOT.
Tezos (XTZ)
Tezos utilizes a PoS (Proof of Stake) consensus mechanism, and this self-amending blockchain allows users to stake and earn. Tezos is unique in that the network will never see a hard fork due to its ability to evolve, and stakers are entitled to vote on proposals directing the network’s future.
Algorand (ALGO)
Algorand introduced PPoS (Pure Proof of Stake), and this third-generation blockchain is the first blockchain protocol to successfully solve the blockchain trilemma, introducing a scalable, decentralized, and secure network. Theoretically capable of processing more than one million transactions per second, Algorand is a blockchain for future adoption and capable of scaling to global demand.
Closing Thoughts
Using existing assets to generate further assets is and will forever remain a core pillar of true financial wealth. Crypto investors utilizing staking to build their crypto stack throughout the bear market are putting themselves ahead of the majority.
Find Out More Here
Join Presale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.io/
Telegram: https://t.me/OryenNetwork
Discord: https://discord.com/invite/jSvaXmb2cB
Twitter: https://twitter.com/oryennetwork
Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.
For publishing articles on our website get in touch with us over email or one of the accounts mentioned below.
This news is republished from another source. You can check the original article here
Be the first to comment