These cTokens represent the individual’s investment in the pool and may be redeemed at any time for the underlying cryptocurrency. cTokens are distributed to users that deposit tokens into the Compound pool. Compound (COMP) is similar to Oryen, although its approach is somewhat more complex. Compound (COMP)Ĭompound (COMP) is a DeFi lending platform that lets users earn interest on their cryptocurrencies by placing them in one of the network’s authorized pools. This method offers immediate value to token holders, which many believe will establish a new industry standard. Simply acquiring $ORY and holding it in a wallet will provide users rebase rewards every 60 minutes. Using a positive rebase formula, Oryen Network permits daily token distribution proportional to the daily rebase incentives, which have a value of 0.177%. Oryen takes advantage of the rebase process by creating Oryen Autostaking Technic, or OAT for short. The algorithm of Oryen Network modifies the token supply based on each token’s market price, which helps to stabilize its price in volatile trends. The rebase token is the one whose circulating supply varies in reaction to price fluctuations. ORY is a one-of-a-kind initiative that is neither deflationary nor inflationary but a rebase token. To better grasp the potential of Oryen, we must understand the basic mechanics behind the protocol. With these factors working in its favor, ORY is likely to list near some of the industry leaders like Compound (COMP), Nem (XEM), and Holo (HOT).
According to analysts, the project has the potential to disrupt the industry with its innovative approach to staking and market-highest APY of 90%.
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