Project Overview
Parcl (PRCL) has been listed on HIBT on April 16. The Parcl protocol is the first real estate-focused decentralized exchange, allowing users to use leverage to conduct long and short transactions on real-world real estate market prices. Parcl v3 is a perpetual exchange designed specifically for real estate composites, supporting cross-margin perpetual trading in various real estate markets. The protocol’s core features include flexible governance, risk management features that protect limited partners and traders from excessive market imbalances. PRCL is currently open for trading on HIBT.
Token information
Token symbol: PRCL
Maximum supply: 1,000,000,000 PRCL (12.5% of liquidity unlocked in the early stage)
market mechanism
Parcl v3 adopts a design similar to Synthetix perps and supports multiple exchanges, each with a collateral and an LP pool. Limited partners add liquidity to each exchange's LP pool, bear traders' profits and losses, and earn trading fees. Exchange settings and market settings are configurable by protocol administrators and can be migrated to the DAO to better respond to market conditions and user behavior.
Risk Management
The exchange's risk management features promote balance in each market by incentivizing traders to reduce bias and disincentivizing traders from increasing bias. Core risk management features include funding, margin systems and price impact. Funding is the cost of holding a position based on the market's deviation with respect to time, while a margin system dynamically sets higher initial margin requirements for trades that bring more imbalance risk to the market.
market expectation
The launch of the Parcl protocol fills the gap between the real estate market and the cryptocurrency market, providing investors with a new investment tool. As the cryptocurrency market develops and people's interest in real estate investment continues to increase, Parcl is expected to achieve good development prospects in the future. However, it is necessary to pay close attention to developments in market supervision, risk management, and user experience, and to continuously improve the protocol to adapt to changes in market demand and regulatory environment.
Conclusion
The launch of the Parcl protocol marks the intersection between the real estate market and the cryptocurrency market, providing investors with new investment opportunities. As the protocol continues to develop and improve, it is believed that Parcl will become an important player in the field of real estate transactions in the future and bring more choices and opportunities to investors.