Pancakeswap (CAKE) and Spookyswap (BOO) are cryptocurrency projects known for offering some of the most impressive annual percentage yields (APY) in the market. Pancakeswap generally offers an APY of 45%, while SpookySwap’s Farming APY is approximately 40%. However, Oryen (ORY) is blowing these figures out of the water by offering up to 90% annual returns.
ORY is a reserve currency created to maximize the staking potential of crypto. The Oryen protocol can achieve a 90% APY. This return is not only the highest in the market, but it is also fixed. How does Oryen achieve this? The protocol has a novel feature called the Oryen Autostaking Technic (OAT) that makes staking easy, secure, and lucrative for investors.
ORY is a well-supported currency as well. The tax system plays an important role here, maintaining high liquidity levels within the protocol. More importantly, the taxes — whether for buying or selling — contribute to the Risk-Free Value (RFV) and the Treasury. As a protocol with automated staking, Oryen uses its RFV, which is a special wallet that reacts to changes in market conditions to ensure support for the price of ORY. Oryen also maintains the Treasury, which serves as backup support to the wallet. With a complex infrastructure within the Oryen protocol, ORY holders enjoy rebasing rewards every 60 minutes. These rewards come regardless of fluctuations in the market.
Pancakeswap is a popular decentralized exchange based on the Binance Smart Chain. Previously, Pancakeswap offered three options for staking (IFO Cake, Auto Cake, and Manual Cake). Today, these options have been lumped under the Fixed Term Staking pool. Investors can opt for a Flexible APY, which offers a low rate, but investors can pull funds out at any time. They can also opt for Locked APY, which generally offers a 45% return. It must be noted that the rate is not “locked” per se. The rate of return still fluctuates. What is locked are the funds that the investor cannot simply withdraw at any time.
Spookyswap is a known automated market-making and decentralized exchange. It is the biggest decentralized exchange on the Fantom Network in terms of total value locked (TVL). Spookyswap offers an APY of 40%. However, in reality, the actual rate depends on the TVL. If the TVL is high, an investor’s money can be compounded several times a day. However, if the TVL is low, the interest rate is also negatively affected.
The bottom line
Pancakeswap and Spookyswap are good options to grow your wealth. However, if you want a DeFi project that doubles what either of these projects offers, go for Oryen. Its ORY token is currently in the first phase of its presale. Early adopters enjoy a 15% discount and thus start benefiting from day one at Oryen.
Find Out More Here:
Join Presale: https://presale.oryennetwork.io/register
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