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For quite some time, Ankr and Olympus have been two of the most popular dApps on Ethereum. However, their popularity has recently waned as users flock to newer dApps like Oryen. In this blog post, we’ll look at why Ankr and Olympus are losing favour among investors and stakers and explore why Oryen is quickly becoming the go-to dApp for blockchain enthusiasts. We’ll also discuss features that make Oryen stand out from the competition.
What is Oryen, and why are people turning to it instead of Olympus or Ankr?
Oryen is a decentralized staking platform that employs a buy, hold and earn philosophy for its investors. Holders of the native currency ORY can earn automated staking rewards by holding the tokens within their wallets. The platform’s OAT mechanism automatically stakes the tokens for the holder and pays out a guaranteed yield of 90% annually.
The fixed APY is further guaranteed by an RFV wallet and backup treasury, which will mitigate any periods of lower volumes to provide continuous dividend payouts.
ORY is currently available in its second presale stage and will eventually launch in December.
Why are Ankr and Olympus falling out of favor?
Ankr is a cross-chain staking platform based on Ethereum that hosts over 50 proof-of-stake (PoS) chains and their staking solutions all in one portal. Unfortunately, here it becomes a deterrent for many small-time investors and beginners, overwhelmed by the sheer amount and complexity of what Ankr has to offer.
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Further looking at Olympus, a DAO-governed protocol with staking, offers an extremely high yield within its ecosystem. OHM, the native currency of the DAO, is intended to act as an inflation-resistant currency. Olympus is an established altcoin with a good foundation. However, it is questionable if the project really can maintain its high and unsustainable yields and if investors do not lose out in the end.
Oryen, on the other hand, is a much more polished platform with few reported bugs and a currently conducted smart contract audit by SolidProof. These are some reasons investors and stakers turn to Oryen instead of Ankr or Olympus. Additionally, Oryen is a more beginner-friendly platform that offers a better user experience.
Conclusion: Oryen is the new king of staking
Oryen is a decentralized auto-compounding platform that allows users to stake their ORY and earn rewards. It’s becoming increasingly popular due to its waived minimum deposit, user-friendly interface, and guaranteed yield, no matter the market situation. Additionally, it doesn’t have the same security concerns as Ankr and Olympus. For these reasons, Oryen is quickly becoming the go-to dApp for staking.
If you’re considering getting involved in staking, check out Oryen, which offers a 15% bonus for early backers of the ongoing presale.
Learn More Here:
Join Presale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.io/
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or crypto projects mentioned in this piece.
Source by zycrypto.com
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