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Oryen Network APY Is Sustainable Yet Still Better Than Uniswap And Pancakeswap


Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

Uniswap is a decentralized crypto exchange that runs on the Ethereum Network. Its native governance token is UNI. Today, Uniswap has become a major player in the exchange-trading world. Before the launch of this DEX, decentralized trading was extremely inefficient. However, its launch has changed the game forever. Today, millions of people use Uniswap globally. They do not have to use a third-party service to engage in trades.

Uniswap has been around since 2018 and has grown to become one of the top projects on Ethereum. The platform is open source, meaning anyone can create a copy of the project. Users can even list tokens on the platform without paying a listing fee to a third party.

A major benefit of using Uniswap is that users maintain full control of their funds. Since it is decentralized, everyone has complete control of their private key. The issue’s importance was recently demonstrated with the collapse of the FTX exchange. Thus far, those losses by traders amount to billions of dollars. Some economists note that it could trigger a global recession. Consequently, users of Uniswap enjoy some of the best security in the world.

Another notable platform is Pancakeswap, which runs on the Binance Smart Chain. Like Uniswap, it is built on blockchain. As such, no third party controls operations on the platform. Since it runs on the Binance Smart Chain, it tends to be faster than projects on Ethereum. Users enjoy the same level of security as Uniswap users in that no one controls their private keys.

Making Money Off Uniswap and Pancakeswap

Both Uniswap and Pancakeswap have native tokens called UNI and CAKE, respectively. Holders of these tokens can earn a passive income via staking and yield farming. Generally, one has to lock up their tokens for a while to get some dividends.

However, the payouts for UNI and CAKE are unpredictable. They have wild swings, which makes it hard to know what one stands to earn from their long-term holding of the tokens. For instance, the APY of CAKE and UNI can rise to as high as 80% but drop to just 3% the next day. Consequently, they are only a sustainable way to make a passive income if one stakes an incredibly huge amount.

Oryen Network APY is Different

Unlike UNI and CAKE, those who stake ORY tokens of the Oryen Network will receive a fixed APY of 90%. Thus far, that is the highest APY in the DeFi sector. It also means that it is a sustainable activity, where one can begin with a small amount and watch it grow with time.

Besides being high, the Oryen Network uses a unique mechanism that ensures stakers retain full control of their private keys. All ORY tokens will remain in the stakers’ wallets. Once they stake their coins, rebase rewards will be sent to their wallet addresses every 60 minutes. It is an improvement on the 8 hours common with other staking protocols.

 
For More Information:

Join Presale: https://presale.oryennetwork.io/register

Website: https://oryennetwork.io/

 



Read More: Oryen Network APY Is Sustainable Yet Still Better Than Uniswap And Pancakeswap

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