DeFi and crypto assets have allowed market participants to become global entrepreneurs and access yield-generating strategies typically only available to hyper-capitalized players in TradFi. Staking remains one of the best passive income plays because it only involves a single asset and possesses no risk of impermanent loss.
Oryen Network introduces Hold-To-Earn, and on-chain analysis shows Polygon and Solana investors throwing capital at the new DeFi protocol.
Oryen Network
Oryen Network’s revolutionary Hold-To-Earn play has made everything available in DeFi look clunky and old-fashioned. Oryen delivers passive income in three steps: buy, hold, and earn. The Oryen Autostaking Technic (OAT) technology makes this possible. Smart contracts govern staking, and smart contracts govern compounding. The result is an earning process within the users’ wallets, where all they have to do is hold and earn.
This pioneering protocol pays out an incredible 90% APY to all holders who help it bootstrap liquidity and fund its expansion. With a token bonus for early holders, Oryen Network is a no-brainer, and Business2Community recently listed it as one of 2022’s best DeFi coins.
Polygon
Polygon’s Proof of Stake (PoS) Matic sidechain allows investors to stake MATIC and help secure the network. Polygon pays investors who provide security, and this passive income source remains highly convenient. The only downside is that staked MATIC remains locked, but liquid staking providers such as Lido have circumvented this issue.
MATIC staking remains advantageous, but the potential for capital appreciation on MATIC has been heavily reduced as alternative layer twos, such as Optimism and Arbitrum, continue to attract liquidity overshadowing Polygon.
Solana
The Solana network utilized a hybrid consensus mechanism mixing Proof of History (PoH) with Proof of Stake (PoS). Any blockchain that uses PoS marks a passive income opportunity. Solana currently offers an APY of 7%, which has been heavily reduced since staking first went live.
As SOL nodes become saturated and the network matures, staking rewards will fall further. This may explain why SOL holders have been targeting Oryen Network.
Closing Thoughts
Timing remains paramount for crypto proponents. Joining a solid crypto project at the ground level will change lives. Oryen Network presents a formidable opportunity and has forever changed the passive income game.
Find Out More Here:
Join Presale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.io/
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