Parcl is a project on Solana which allows users to either long or short the global property market.
You can also provide liquidity on the platform but there’s a long lockup period.
Here’s how you can farm points for a potential Parcl airdrop on Solana.
Disclaimer: The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. Do your own research and never invest more than you can afford to lose.
How to farm points for Parcl
First of all, it may not be confirmed that points will convert directly to Parcl tokens but most people speculate as such.
There are a couple of ways to earn points on the platform.
One way is to deposit USDC into the perps market. You can then either short or long the market depending on whether you think the particular city’s property market will go up or down.
When you use leverage, the points will be multiplied, but you have a bigger risk of getting liquidated and losing your money. It all depends on your risk appetite.
2. Liquidity provider (LP)
Another way is to provide liquidity. This one locks your USDC for about 30 days if not mistaken. There’s always a risk that you lose your money if something happens to the platform.
Providing liquidity gives a fixed 3x multiplier for the USDC you deposit.
To get a 5% boost for your points, you can use the referral code “paper” on Parcl.
It gives you 5% extra for the points you generate. After joining, you can then refer other users to join and you earn a percentage as well.
They also have contests from time to time that rewards the top traders.
5. Homeowners Association NFT
There’s also a Parcl NFT collection called the Homeowners Association that you can find on Tensor.
This one costs quite a bit as they give 20% boost in points, and an additional boost for each subsequent NFT you own.