With the recent birth of Oryen Network (ORY), users can now enjoy a more stable and reliable staking experience. Unlike PancakeSwap (CAKE) and BakerySwap (BAKE), which both offer variable APY rates, Oryen provides a fixed 90% annual return on all staked tokens. This makes it a more attractive option for users looking to earn a passive income from their cryptocurrency holdings.
Fixed 90% APY with Oryen (ORY)
The annual percentage yield (APY) on a cryptocurrency is the percentage of the original investment the holder can expect to earn in interest over a year. The APY is affected by several factors, including the length of the staking period, the size of the stake, and the overall interest rate on the network.
Speaking of Oryen Network (ORY), APY offered by this innovative firm is set at 90%. This is the highest fixed annual return rate available on the market and has already garnered interest from around the globe. SORY, the native token of the network, is a rebase token used for staking, upcoming lottery events, platform purchases, etc.
Oryen Network facilitates an OAT system. OAT stands for Oryen Autostaking Technic, which automates the process of staking. This means that you can earn rewards without having to do anything.
One of the biggest benefits of using an OAT is that you can earn a higher ROI than you would get by staking your coins yourself on traditional staking platforms. Moreover, OAT pays out every 60 minutes, or 24 times a day, making it the quickest auto-staking technology in the cryptocurrency industry.
PancakeSwap (CAKE)
PancakeSwap (CAKE) is a decentralized exchange on Binance Smart Chain for exchanging BEP20 tokens. PancakeSwap employs an Automated Market Maker (AMM) architecture in which users trade against a liquidity pool made up of money contributed by many other users. Users who deposit their supported crypto tokens into a liquidity pool get liquidity provider (LP) tokens in return. These tokens represent the users portion of the liquidity pool.
Currently, the APY for flexible staking on PancakeSwap is 4.03%. It implies that for every 100 USD worth of CAKE tokens, you will receive $4.03 worth of CAKE over a year. Due to its flexible wagering, CAKE may be unstaked at any moment. However, if you unstake your CAKE within three days after staking it, you will be charged an unstaking fee of 0.10%.
BakerySwap (BAKE)
BakerySwap (BAKE) is an open-source DeFi system that, like Uniswap, allows users to trade and swap tokens. This DeFi-based Decentralized Exchange, BakerySwap, is the first prominent food-themed DeFi startup established on the Binance Smart Chain (BSC).
Binance is the greatest place to stake your BAKE. 5.3% is the current APY rate for staking BAKE on Binance. However, the figure fluctuates according to market circumstances, meaning bulls may be eligible for more rewards.
The bottom line
Oryen Network is the new kid on the block when it comes to yield staking platforms, but its already making a big splash. With its fixed APY on staking and attractive rewards structure, it’s quickly becoming the go-to platform for passive income lovers. PancakeSwap and BakerySwap may have been the early leaders in the space, but Oryen is poised to take over the top spot with much easier and more profitable staking options.
Learn more about Oryen:
Join Presale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.io/
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