Thread by @defimastersun

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.

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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.

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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

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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)

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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.

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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.

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Parcl is also hosting Real Estate Royale, a contest where traders can win from a $1000 USDC pool by trading and competing quests.

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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.

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That's it for this thread.

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