The bear market has been brutal to investors. More specifically, investors holding large bags of the alternative layer one projects that powered the 2021 bull run have seen the dollar value of their portfolios decimated.
A new movement brews within DeFi; the switch toward community-first profit-sharing protocols. Oryen Network is a new wealth-building tool that allows investors to secure and grow their net worth and will likely outpace Avalanche (AVAX) and Fantom (FTM), both of which have retraced more than 85% already this year.
Oryen Network (ORY)
Oryen makes security its top priority and, for this reason, introduced its Oryen Autostaking Technic (OAT) technology. The OAT ensures investors begin earning as soon as they purchase ORY and the entire staking process takes place directly from investors’ wallets. As well as auto staking, the OAT auto compounds investor yields to ensure an optimal earning process. The result is a fixed 90% APY for all investors.
Oryen follows the pedigree of DeFi and rewards investors for helping the protocol bootstrap liquidity to fund further expansion. Oryen distributes tokens hourly, and the daily ROI is 0.177%. A passive income stream is distilled into three steps: buy, hold, earn. Additionally, with Oryen possessing a relatively small market cap, this project’s upside potential is enormous and it has been touted multiple times to be one of 2022’s best performers.
Avalanche was one of the hottest layer one protocols throughout 2021. Ava Labs launched the project at the tail end of 2020 and as DeFi exploded in popularity, Avalanche captured a large percentage of this liquidity.
Avalanche offered a cheaper and faster alternative to Ethereum. Developers and DeFi enthusiasts flocked to the network, but this was in a risk-on macroeconomic environment, and the colder economic conditions have seen investors sell off their AVAX. With daily transactions down and less activity of the network, demand for AVAX is also in decline, and the future of this once golden project remains uncertain.
Fantom was another of the alternative layer one blockchains dubbed ‘The Ethereum Killers.’ Fantom delivered incredibly rapid transactions with extremely cheap fees thanks to its DAG (Directed Acyclic Graph) technology- allowing the validation of simultaneous transactions. Fantom became the DeFi hotbed for innovation and featured incredible APYs.
However, FTM remained highly volatile throughout this period and, similarly to AVAX, has retraced heavily in the colder market conditions.
Capital flows dictate where investors will make profits. New protocols like Oryen attract liquidity due to their community-driven nature. They represent far better investment opportunities than projects like Avalanche and Fantom, which will likely never eclipse their all times highs ever again.
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