What is Parcl? Parcl is a Real World Assets protocol built and developed on the famous Solana ecosystem recently. Parcl has called for investment from many large funds in the Crypto market and what is hidden deep inside this protocol, everyone will learn about Parcl in the article below.
Parcl Overview
Parcl’s development history
Since its launch, Parl has positioned itself as one of the leading derivatives exchanges whose assets are real estate. In its V1 version, Parcl recorded a total Volume in USDC of $240,000, with more than 5,000 wallet connections from users, 1,200 direct transactions on the platform and users from 157 different countries. .
Parcl V1 still has many problems, so on December 8, 2022, Parcl’s development team officially announced Parcl V2. Some notable numbers from Parcl V2 include:
- More than 3,500 wallet addresses are connected to Parcl.
- More than 800 users have participated in trading on the platform.
- Total Volume generated is more than $3.5M.
Not stopping there, the Parcl team has continued to upgrade to version V2 with many new features and improvements compared to previous versions, while improving the experience for users and payment providers. clause.
What is Parcl?
Parcl is a Perpetual exchange for real estate products built on Solana to take advantage of scalability and low transaction fees. Parcl V3 supports cross-margin trading across different real estate markets. Liquidity providers will focus liquidity on a single LP group of each exchange thereby earning transaction fees.
It can be said that Parcl is one of the outstanding and different RWA projects on the Solana ecosystem. Additionally, the market price information source is created by Parcl Labs.
Some differences on Parcl
Some of the notable changes in Parcl V3 include:
- Single LP Pools: Each exchange on Parcl has a unique liquidity pool. This makes buying and selling simpler and more effective.
- Cross Margin System: In Parcl V3, traders can use profits from an open position to keep other running positions active.
- Delta Neutral LP Experience: The Parcl V3 upgrade reduces risk for LPs. To do this, it uses a model that rewards traders based on their positive actions.
- Flexible Governance: The development team can pre-install for each market and this information can be moved so that DAO can participate in adjustments, thereby creating a flexible governance model.
Development Roadmap
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Core Team
Jason Lewis: Co Founder & CDO
- Jason earned a Master of Business Administration (MBA) from American University and a Master’s degree in Data Science from the University of Virginia.
- Jason worked as a Data Analyst at Deloitte for over 2 years. After that, Jason worked with Microsoft for more than 3 years in data-related roles.
- At Parcl, Jason also worked primarily on data.
Kellan Grenier: Co Founder & COO
- Kellan earned a bachelor’s degree in Science, Economics, and Business Administration at Northeastern University.
- Kellan worked in Data Analysis at GfK and rose to Vice President at Noruma – a global financial services company.
- By December 2021, Kellan officially became COO at Parcl.
Investor
- December 2, 2021: Parcl successfully raised $4M led by Archtype with participation from Coinbase Ventures, Dragonfly, Solana Ventures, Tribe Capital,…
- May 17, 2022: Parcl successfully raised $6.5M with the participation of Solana Ventures, Shima Capital, Jaws Ventures, Santiago Santos,…
Tokenomics
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Exchanges
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Project Information Channel
Summary
Parcl is an extremely notable Real World Asset project on the Solana ecosystem in the near future. Hopefully through this article, everyone will understand more about what Parcl is?
