Innovative bridge protocol will allow retail clients to reap the rewards of the lucrative Decentralized Finance ecosystem


Paycer is developing a bridge protocol to aggregate DeFi and cross-chain crypto services. (Credit: Paycer UG.)

Paycer, a Hamburg-based financial services firm specialized in cryptocurrencies and Decentralized Finance (DeFi), is currently developing a bridge protocol that will aggregate DeFi and cross-chain crypto services and combine them with traditional banking services. Expected to come online in early 2022, the protocol will feature a range of novel financial products designed to help retail clients reap the rewards of the DeFi market.

“Using DeFi can be pretty difficult, even for those in the IT industry. Our mission is to bring high DeFi yields to retail clients who aren’t invested in cryptocurrency yet,” Paycer’s CTO Nils Gregersen says. “We’re also targeting investors who are already in crypto, but who still haven’t jumped on the DeFi bandwagon.”

Providing full interoperability across multiple blockchains, the protocol and platform will feature the full range of financial services, including crypto wallets, bank accounts, lending, liquidity pools and – most importantly – streamlined access to the lucrative DeFi market.

High Interest Rates in a Low-Interest World

One of the platform’s most attractive features is that it promises to offer exceptionally high rates of interest. In today’s low-interest financial environment, this will come as a relief to many retail investors, who will be able to use the Paycer protocol to tap into DeFi and thereby generate viable passive incomes.

“Many people today are seeing their savings gradually diminish because they aren’t earning any interest on it. In fact, they’re losing about 2 to 5 percent of their wealth every year to inflation,” Gregersen explains. “Decentralized Finance, by contrast, offers excellent interest-rate opportunities, while having the added advantage of not being dependent on banks.”

Because cryptocurrencies are notoriously volatile, some investors may have reservations about dipping into the DeFi market, which is still a relatively new phenomenon. The Paycer Platform, however, will help users mitigate risk by assessing the viability of new DeFi products before investing in them. It will also conduct multiple checks in advance, automatically shifting users’ assets away from any investments deemed to be overly risky.

Enter PCR: Paycer’s Utility Token

As part of the rollout of its DeFi protocol, Paycer will also be offering a utility token (PCR), which will generate real value for users of the platform, where token-holders will enjoy voting rights. Four percent of these tokens are available for pre-sale (at a discount), and another 5 percent will be offered in a subsequent public sale.

By staking PCR tokens on the Paycer DeFi platform users can earn staking rewards. What’s more, Paycer will use some of the profits it earns for token buybacks, thus ensuring steady demand – and stable prices – for its flagship cryptocurrency.

“Since Paycer believes in a regulated implementation, the PCR utility token was designed in accordance with the applicable German financial laws in cooperation with a specialized blockchain law firm. The token was also sent to the German Federal Financial Supervisory Authority (BaFin) for review”, says Gregersen.

Source: Company Press Release