Polygon is an Ethereum scaling project whose native token is MATIC. In early 2021, the project launched a $100 million fund to spread awareness of DeFi. At the time, the fund was christened DeFi for all. Its focus is on bringing users to DeFi products.

$100 million was and still is one of the biggest commitments made by a crypto ecosystem. Funding is offered in MATIC tokens and will be released over three years. Polygon believes that for DeFi to grow, it needs financial support.

Funding for DeFi Projects

Funding for DeFi projects has always been an issue. Consequently, various DeFi projects have been delayed or launched without some of the needed features. With time, as the community grows, they launch better versions of their protocol. However, funding is not always an issue—some DeFi projects launched with zero funding. Since then, they have gone on to enjoy massive success.

For projects to qualify for funding, they need to show promise. For one, they need to bring value to the Defi world. They also need to be attractive enough for people outside DeFi to join. In general, projects that promote the expansion of DeFi are preferred.

Could Oryen Network Receive Grant

Oryen Network is a great project that will help to grow DeFi. Once its product launches, it will offer tangible financial benefits to holders of its $ORY tokens. These tokens will earn holders a fixed APY of 90%. To earn this massive APY, token holders only need to hold them in their $ORY token wallet. That means they retain complete control of the assets.

On some other staking protocols, users must give up control over the assets by placing them in a smart contract. However, this will not be an issue with the Oryen Network protocol. Besides being secure, the Oryen Network is fast.

Thus far, the fastest speed for rebase rewards payouts is 8 hours. However, the Oryen Network developers have created a mechanism that allows rebase rewards to be paid out every 60 minutes. Participants will receive 24 payments per day from the moment they stake their $ORY tokens.

Oryen Network has already proven successful with DeFi investors. Thus far, they have caused its value to jump 140%. At this rate, it is not surprising if its value grows thousands of times once the full use case goes live. While the team is working to make that happen as soon as possible, it could happen sooner with more funding.

Looking at the fundamentals of the Oryen Network, it is a prime candidate to receive grant funding in MATIC from the Polygon Foundation. One side effect of receiving MATIC funding from Polygon is that it will raise the project’s profile.

Thus, the value of $ORY tokens will increase many times over. This will be an incredible boon for those who manage to get in early. They will grow their investment hundreds of times in a project still in the presale phase.

Summary

For those planning to capitalize on the success of the Oryen Network protocol, the time to do it is now. Once the funding grant from the Polygon Network MATIC fund is announced, opportunities to make massive profits will dwindle significantly.

For More Information:

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

Website: https://oryennetwork.io/

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• Source: https://insidebitcoins.com/news/oryen-network-utility-likely-to-attract-polygon-network-interest-will-they-recieve-a-matic-grant