Passive Income Is No Longer Unattainable with Oryen (ORY), Olympus (OHM), Nexo (NEXO) and Binance Coin (BNB)
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The way to earn whilst asleep. The way to earn whilst at work. The way to earn whilst on holiday. Passive income is a keystone to financial independence, and people who do not understand the importance of passive income will never join the ranks of the financially independent.
DeFi has birthed almost limitless possibilities for investors to put their assets to work generating income. This article features Oryen (ORY), Olympus (OHM), Nexo (NEXO), and Binance Coin (BNB), four tokens ranked amongst the best for their passive income opportunities.
Oryen (ORY)
Oryen has introduced its innovative OAT (Oryen Autostaking Technic), making staking easier. Oryen is a rebase protocol with positive rebases every hour that rewards investors for helping develop the Oryen ecosystem. It pays out a fixed rate of 90% APY, which is only possible thanks to its auto compounding feature, maximizing returns for investors.
All staking takes place directly from the investor’s wallet, meaning they begin earning as soon as they purchase ORY. ORY’s tokenomics include buy and sell taxes, and this revenue is split between the treasury and RFV (Risk-Free Value wallet). Combined with game theory and the OAT, it allows the protocol to pay its investors a daily ROI of 0.177%.
Olympus (OHM)
A DAO governs Olympus, and this algorithmic currency protocol pioneered a new standard within DeFi by introducing a token that maintains a floating value driven by the market price. It does this through token issuance relative to its treasury holdings. OHM can be staked, which removes supply from the open market, providing value to the protocol, and investors earn rewards in line with this value creation.
Nexo (NEXO)
Nexo is a bridge between fiat and crypto. This protocol offers permissionless loans meaning market participants with crypto to collateralize can get an instant loan. Users can also loan their crypto to generate a simple form of passive income, receiving interest payments from borrowers. NEXO is the native token and allows investors to maximize earnings on the platform with increased interest payments and lower interest rates for loans.
Binance Coin (BNB)
Binance Coin opens the doors to the entire Binance ecosystem with decentralized exchanges like PancakeSwap and lending protocols like Venus. Investors can yield farm or lend on hundreds of protocols. BNB can also be staked on Binance Earn, and investors can receive rewards directly to their Binance Wallet.
Closing Thoughts
Banks for centuries have loaned people money and collect interest payments. They have profited solely because they are better capitalized than ordinary people, but now ordinary people can become lenders and generate their own returns. The above tokens provide safe and secure passive income streams for investors keen to build their portfolios.
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