Paycer Update: Migration of PCR Pools from UNISWAP to DODO
Hi Paycer community, we just migrated the $PCR pools from Uniswap to DODO. The Paycer Uniswap pool had a display error in the UI for about a week now, which resulted in 0.00 USD value being displayed for the PCR token. The issue with the wrong PCR price displayed was caused by “The Graph” not tracking the pool anymore. Uniswap was then only displaying the price it is receiving from The Graph, in this case it was not receiving anything. This has led to some confusion and many questions in the community.
That’s why we decided to turn our backs on Uniswap for the moment and open pools at Uniswap again in the future. Therefore we have opened a USDC and a USDT pool at DODO DEX. The Paycer team reacted quickly and found a solution so that the trade of the Paycer tokens is ensured.
What is DODO?
DODO is a decentralized exchange platform powered by the Proactive Market Maker (PMM) algorithm. It features highly capital-efficient liquidity pools that support single-token provision, reduce impermanent loss, and minimize slippage for traders. The trading platform also offers SmartTrade, a decentralized liquidity aggregation service that routes to and compares various liquidity sources to quote the optimal swap rate between any two tokens. In addition, DODO removed all roadblocks hindering liquidity pool creation for the issuance of new assets — asset ratios, liquidity depths, fee rates, and other parameters can all be freely customized and configured in real-time. Based on this breakthrough, DODO has developed Crowdpooling, a permissionless, equal opportunity liquidity offering mechanic, as well as customizable technical solutions geared towards professional on-chain market makers.
PCR Liquidity Mining
The special thing about the pools at DODO is that anyone can provide liquidity and receive an attractive interest rate in PCR. At the moment the interest rates are super high, they will decrease a bit when more and more people are providing liquidity to the pool.
For PCR token holders it is a very good possibility to utilize their token already. With the current interest rates, you can actually watch your PCR tokens grow. But in addition to your own benefits you can also support the project and push it further.
More info can be found here: https://paycer.gitbook.io/paycer/liquidity-mining/dodo-liquidity-mining
The Paycer token PCR will be launched on other blockchains in a very short time (multi-chain), will be available on other platforms and will be listed on a first DEX soon. The Paycer team is following its roadmap and making good progress. We are currently also expanding our team in terms of marketing. There are many interesting things and progress we can soon announce to the community. There is no reason not to be bullish.
We have put together a few opportunities how to utilize your PCR tokens at the moment in our last medium post:
Your Paycer Team
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.