As the DeFi world grows, new necessities and needs will emerge in the industry. There is a dark side in every kind of new technology which should be controlled by innovative solutions. Decentralized finance insurance is an important topic and Paycer has been exploring ways to inscrease the safety of its staking pools.
The traditional reinsurers won’t cover innovative and risky paths so easily. To expose the decentralized finance ecosystem to the insurance industry, we need a trusted regulated intermediary to act as an reinsurance company and set new standards for insurance products on and off-chain.
About Uno Re
Uno Re is the world’s first decentralised insurance and reinsurance platform; allowing the community to invest and trade in ‘risk’ and receive sizable returns on their investments in one of the safest asset classes in the world. The platform will break barriers to entry for the retail investor as well as introducing much-needed transparency into the industry.
Uno Re will also allow the community to propose innovative insurance products to the space, thus propelling a new generation of Insurtech companies powered by the Uno Re ecosystem.
Paycer x Uno Re
Uno Re offers solutions to some new emerging problems in the DeFi industry which has a great potential to be taken into account in the future. One of the problems is inadequate access to resurance portfolios as an investment.
Another problem to keep an eye on would be the fact that insurance products are old and orthodox. Paycer, as an innovative tech company, needs a solution which is away from the traditional insurance industry. We have already had a few meetings with Uno Re team and we are exploring different ways in which we can collaborate in the future.
Paycer’s goal is to aggregate DeFi investments multi-chain and make them available to users without the need for their own wallet nor the expertise. This should allow anyone to generate a passive income in a world where banks no longer pay interest. Hence the Paycer team is developing a bridge protocol for DeFi and TradFi to combine the best of both worlds and make it available for retail clients #CeDeFi. Apart from the technical matters and the creation of a super easy to use final product. The goal is also to create a regulatory framework that allows the legal operation of a DeFi platform within the EU first and subsequently in other regions.
Currently, a DeFi platform is already available on paycer.finance on which Paycer tokens PCR can be claimed and staked. More features will go live soon. At the moment on Polygon but other blockchains will be integrated in the near future. Paycer is also working on a banking partnership to be able to combine DeFi with a traditional bank account. In addition to the development of the DeFi platform, the development of the final consumer product is also in progress.
Be sure to follow Paycer on social media for all the latest updates on product development. We have further exciting announcements to share very soon.
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