SushiSwap and Maker Holders Show Massive Interest in Oryen's 90% Fixed APY Announcement

Jamie Larson

• 2 min read
SushiSwap and Maker Holders Show Massive Interest in Oryen's 90% Fixed APY Announcement

One of the main benefits of the DeFi ecosystem over conventional financing is frequently touted as the ability to generate a high yield on your cryptocurrency assets. Staking your assets, however, can be a difficult and time-consuming process.

Enter Oryen, a relatively new initiative that aims to increase people' access to and satisfaction with staking. The developers of Oryen have just revealed that their protocol will grant users who stake their $ORY tokens with the system an astounding 90% fixed annual percentage yield (APY).

The announcement has created a stir in the DeFi community, with many users anxious to learn more about how Oryen functions and how it can provide such high returns, given that staking rewards frequently range from 5-20% APY.

Oryen Network also disclosed that SushiSwap (SUSHI) and Maker, two other important DeFi assets, have shown a lot of interest in using its protocol (MKR).

Oryen (ORY)

The Oryen network's main selling feature is its Oryen Autostaking Technic, or OAT. It guarantees that every owner of a $ORY token is immediately qualified to receive daily rebase payouts. The Oryen network uses a positive rebase formula, in contrast to past rebase currencies, enabling $ORY investors to keep growing their holdings. All of this is possible without locking the assets or transferring them to another wallet. As soon as you purchase tokens, they are immediately staked, guaranteeing a daily return of 0.177% that eventually adds up to a 90% APY.

This positive rebasing is supported by a Risk-Free value wallet, which serves as a safety net in choppy market situations.

The Oryen team is currently offering 15% bonuses to investors and referral programs, so now is the perfect moment to join the community.

SushiSwap (SUSHI)

An example of an automated market maker is SushiSwap (SUSHI). AMMs are decentralized exchanges that use smart contracts to create markets for any given pair of tokens.

By increasing the influence of its consumers on its operations and future, SushiSwap hopes to improve the services provided by its parent company, Uniswap.

The SUSHI token allots a fraction of the platform's 0.3% charge to the user for accessing its liquidity pools. Users of SUSHI can also cast ballots for government.

Maker (MKR)

Maker is the name of the governance token used by the MakerDAO and Maker Protocol, two decentralized organizations created on the Ethereum network (MKR). It gives users the ability to design and manage the DAI stablecoin.

Despite not paying dividends to their owners, MKR tokens act as a type of voting share for the organization in charge of DAI. They give the owners voting privileges in the Maker Protocol's development and are projected to appreciate in value along with DAI's own growth.

Conclusion

Many owners of SushiSwap and Maker have taken advantage of the chance to increase their earnings on their assets by showing a great deal of interest in Oryen's new 90% fixed APY offering. This is a fantastic milestone for Oryen, and we anticipate even greater success for the business.

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