GitHub

Project Overview

Parcl v3 is a perpetuals decentralized exchange focused on real estate index markets, enabling users to speculate on or hedge against real estate price movements. The protocol uses a system where each exchange has a single collateral type and LP pool, with LPs acting as counterparties for all trades while collecting trading fees and serving as the insurance fund for their respective exchanges.

The platform implements comprehensive risk management features including funding rates, dynamic margin requirements, and price impact calculations to maintain balanced markets and protect LPs. These features are governed by flexible administrative controls that can be transferred to a DAO, allowing for adjustments to exchange and market settings in response to changing conditions and user behavior patterns.

Tutorial

Parcl (PRCL) Token Guide

Instructions for claiming PRCL airdrop and earning future rewards through platform participation.

Current Airdrop Claim

1. Visit Parcl airdrop page
2. Connect Solana wallet
3. Review contributions
4. Redeem points for PRCL

Eligibility Requirements

• Minimum 6,000 points from trading/liquidity
• HOA NFT holders (April 11, 2024 snapshot)
• Mad Lads NFT holders (April 5, 2024 snapshot)
• Claim deadline: December 31st, 2024

Additional Allocations

• 40M tokens for users with - 50,000 points
• 20M tokens for active traders
• Three-tier vesting system based on staking amount

Earning Points

1. Provide USDC liquidity (3 points/USDC/day)
2. Execute trades (1 point/USDC/day)
3. Refer others (10% of referral earnings)