Decentralizing the financial ecosystem has given rise to several DeFi protocols set to suit the modern investing world. Investors can now enjoy financial privileges outside the umbrella of government-controlled institutions such as central banks. Decentralization is cheaper and gives investors a chance to earn consistent returns on investment through staking, funding liquidity pools, and capital gains from holding appreciating tokens. The beauty of decentralization is that investors enjoy the three privileges simultaneously.
Aave and Lido Finance-mainstream decentralization
Kulenchov founded Aave in 2017, and it has been around since then. The project is based in Switzerland and has constantly grown and expanded to become one of the most significant DeFi projects in the history of blockchain technology. On the largest smart contracting platform Aave runs and Ethereum, hosting a smart contracts system. These smart contracts are governed by a network of distributing computer algorithms that run its ecosystem’s software.
Aave software creates lending pools that allow consumers of the project to create lending pools. These lending pools allow crypto fans to lend or borrow 17 different digital assets, including Ethereum and MANA. By lending out crypto, lenders get a return on investment.
Lido is another DeFi platform that has grown to achieve massive success in the crypto community. Lido Finance came to power after Ethereum transformed from a Proof of Work to a Proof of Stake consensus mechanism. The primary hard fork update by the largest open-source network replaced ETH miners with validators who now approve all blockchains and transactions on the network. Lido Finance offers ETH 2.0 staking options. Upon staking using Lido, the depositors mint stETH tokens that can be used freely inside Lido’s ecosystem. Lido uses staked ETH to validate transactions on the Ethereum blockchain and finally distributes the rewards earned to investors.
These two platforms are widely available on exchanges and perform well but return only around 2-5% a year.
Oryen is better than Lido and AAVE
Oryen is a new network that is showing promising returns to investors. The network is giving insane returns that not even centralized banks or other crypto projects have ever issued. By purchasing the token ORY on Oryen’s official website, investors can enjoy auto-staking and auto-compounding benefits, reaping 90% returns yearly. It has already made several ‘Best Presale’ lists. The project is currently on presale with a 200% price spike already pre-launch.
Don’t miss out; purchase ORY today and stand a chance to ride the incoming pump!
For More Information:
Join Presale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.io/
