Exploring Parcl: A Perpetuals Exchange for Real Estate Synthetics

Exploring Parcl: A Perpetuals Exchange for Real Estate Synthetics

Introduction:

In the dynamic world of decentralized finance (DeFi), innovative projects like Parcl are emerging to reshape the landscape. Parcl, a perpetuals exchange specializing in real estate synthetics, has garnered significant attention and secured $11.6M in funding from prominent investors such as Solana Ventures and Coinbase Ventures. In this blog post, we will guide you through the steps to get started with Parcl, highlighting potential benefits like earning points and participating in future airdrops.

Step 1: Visit the Parcl Website

Navigate to the Parcl website to explore the platform's offerings and features. This is the first step towards unlocking the potential benefits of trading real estate synthetics.

Step 2: Onboarding with Your Solana Wallet

Connect your Solana wallet to the Parcl platform and complete the onboarding process. This ensures a secure and seamless experience while engaging with the real estate synthetics market.

Step 3: Referral Bonus

Head over to the referrals section on the Parcl platform and enter the code "airdropsio" in the friend's code field. This simple step grants you a 5% boost on your points, enhancing your overall earning potential.

Step 4: Providing Liquidity

Move to the "Liquidity" section and contribute liquidity to the single LP pool per exchange. To do this, you'll need USDC, which you can acquire on Binance or your preferred cryptocurrency exchange.

Step 5: Creating a Trading Account

Visit your profile and set up a trading account. Deposit USDC into your trading account to enable seamless trading on the Parcl platform.

Step 6: Making Trades
Explore the markets available on Parcl and engage in long or short trades. Traders earn 1 point per day per 1 USDC, while LP deposits yield 3 points per day per 1 USDC.

Step 7: Bonus Points for HOA NFT Holders

If you hold HOA (Homeowners Association) NFTs, you are eligible for bonus points, enhancing your overall point accumulation.

Step 8: Referral Rewards

Refer friends and earn 10% of the points they accumulate. This adds an extra layer of rewards for building a community within the Parcl ecosystem.

Step 9: Explore Potential Airdrops

As a user accumulating points, there is the exciting possibility of receiving an airdrop if Parcl decides to launch its own governance token in the future. Stay informed by checking out the provided article for more details on points and potential airdrops.


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