Think that your city is going to shit?
Here's how you can trade real estate on-chain, and go long / short on the prices of your city:
Shoutout to @Parcl @ParclLabs @ParclWizard
👇🧵
Enter @Parcl - a real estate trading platform on @solana.
Parcl allows users to invest in a digital square foot of real estate anywhere in the world.
(1/8)
With no minimum investment, anyone can long / short indices tracking the median prices of neighborhoods around the globe.
Parcl's mission is to bring real estate to anyone in the world, regardless of background.
(2/8)
In March 2022, Parcl raised $4.1 million in seed funding led by Archetype.
They are also backed by:
- Dragonfly Capital
- ParaFi
- Shima Capital
- Coinbase Ventures
- Solana Ventures
- Slow Ventures
- Not Boring Capital
- Tribe Capital
- FJ Labs
(3/8)
Here are 2 ways you can participate in the ecosystem:
1. Trade
Simply deposit USDC and go long or short on a city index. Up to 10x leverage is also available for those who upgrade to Advanced Trading.
(Note that there is a funding rate and pool impact fee)
(4/8)
2. Provide liquidity
Deposit USDC into a pool and collect fees.
Unlike traders who have directional interest in a specific price index, LPs want the value of their Liquidity Tokens to increase by seeing the Exchange Rate increase.
(5/8)
The exchange rate simply represents the ratio of USDC per Liquidity Token in each pool.
It is affected by trading fees, pool impact fees, funding fees, and traders' PnL.
As a liquidity provider, you are simply betting that traders have a negative PnL.
(6/8)
Parcl is also hosting Real Estate Royale, a contest where traders can win from a $1000 USDC pool by trading and competing quests.
(7/8)
Personal thoughts
With the rise of RWAs in crypto, I'm hyped to see a team finally bringing real estate trading on-chain. This makes investment much more accessible to retail, and I'm looking forward to see what developments and upgrades the Parcl team is cooking.
(8/8)
That's it for this thread.
If you enjoyed reading this tweet, drop me a like and RT below ❤️
Feel free to let me know your thoughts on #RWA by replying below!
Tagging threadoors who inspire me ☁️
@DefiIgnas
@crypto_linn
@crypthoem
@defi_mochi
@Route2FI
@rektfencer
@CryptoKoryo
@CryptoShiro_
@0xFlips
@WinterSoldierxz
@0xTindorr
@ViktorDefi
@Slappjakke
@TheDeFISaint
@LouisCooper_
@0xGeeGee
@defipleb
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.