How to Earn Parcl Points through Property Perps

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26 Jan 2024
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The world of decentralised finance (DeFi) has another innovative player: Parcl. This exciting platform comes as a decentralised perps exchange that allows users to speculate on the ups and downs of property markets in major world cities. Imagine leaving a 3X long SOL trading position and diving into the world of 3X long Brooklyn or 3X short San Francisco!

What is Parcl?


Parcl empowers traders to navigate the property market without the burden of physical ownership. Its core strength lies in the price indexes that are meticulously crafted from millions of data points across multiple global cities. Parcl Labs carefully refines and recalibrates this data, ensuring each index accurately reflects real-time, city-specific property values, down to the median price per square foot.


Benefits of Using Parcl


  • No Minimums: Forget the days of high investment thresholds. Parcl welcomes everyone, regardless of capital size, with a minimum entry point of just $1. This inclusivity ensures everyone has the opportunity to explore the exciting world of property investment.
  • Global Access: Previously hard-to-reach markets such as Miami, Los Angeles, and New York are now at your fingertips. Parcl opens doors to a wide range of locations, allowing you to invest in sought-after homes and capitalise on the unique potential of different landscapes.
  • Broader Horizons: Why limit yourself to one property when you can invest in the entire city? Parcl lets you trade the price fluctuations of major US cities, exposing your portfolio to millions of homes. This diversification strategy minimises location-specific risk and allows you to capture opportunities across multiple markets with a single trade.

Funding and Investor Support


Parcl has garnered impressive support from the investment community, totalling $11.5 million through two funding rounds. Notable entities such as Archetype, Dragonfly Capital, ParaFi, Coinbase Ventures, Solana Ventures, and Fifth Wall have expressed their belief in Parcl's vision. These funds will drive expansion in the property and software landscape, further enhancing the platform's capabilities.

Parcl Point System


Parcl recently launched an exciting Parcl Points programme, rewarding user activities such as trading, liquidity provision, and referrals. These points serve as a metric of your contribution and engagement in the Parcl ecosystem. Strategically designed to enhance the trading experience, the programme encourages continuous activity and fosters a vibrant and committed community that drives the platform's growth.


Parcl recognises the dedication of their V2 and V3 users. Those active before 15 December 2024 received retroactive Points reflecting their previous trading and liquidity provision contributions. This generous reward recognises their early adoption and contribution to the platform's growth.

The launch of the Parcl Points programme has proven to spur community engagement. With over 30,000 registered traders, the platform has a vibrant atmosphere. Notably, over 200 million Points have been accumulated since the programme began, with the total reaching 350 million if we take into account retroactive and bonus rewards. These impressive numbers illustrate the community's active participation and enthusiasm for Parcl.

How to Earn Parcl Points

Several ways to accumulate Parcl Points:

  • Daily Trading Points: Earn one point daily for each initial USDC open interest held. This flat rate applies regardless of market fluctuations.
  • Liquidity Provision Points: LPs earn three points daily for every USDC deposited into the Parcl liquidity pool, offering another stream of earning points.
  • Retroactive Rewards: V2 and V3 users receive points that reflect their previous activity, in recognition of their early support.
  • NFT HOA Bonus: Holding NFT HOA unlocks additional point earning benefits, offering a Base Boost (20% increase) and Incremental Boost (up to 40% with five NFTs).



Remember:

  • To qualify for potential Parcl airdrops, deposit at least 1 USDC to the platform and actively engage with it through trading and liquidity provision.
  • Use the referral code "supercycleszn" (without the quotes) to start your points accumulation with a 5% bonus.
  • Maximise your point earning potential by holding NFT HOA.
  • Points are expected to be converted into tokens in the near future.


How much can you earn from a Parcl Airdrop?


Although official figures are not available, estimates suggest moderate users can earn around 200-300 USD of Parcl tokens. Long-time, highly active users can earn over 20,000 USD, with the average airdrop potentially ranging between 500-1,000 USD per user.

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