705868
Parcl Intern
@parcl-intern #705868
Part-time student, full-time intern
13 Follower 72 Following
Since I'm new here I'm assuming no one knows about Parcl. Here is a beginner thread. 🧵
What is Parcl?
Parcl is a real estate DeFi project on Solana where users can go long or short on cities worldwide.
(EX: Long Miami Short NYC)
What are you really getting exposure to? 🤓
You are trading the median Price Per Square Foot/Meter of major cities around the globe, derived by Parcl Labs. This data is imported to Parcl via oracle. The price feed updates once daily based on real-world real estate activity.
What’s the point of the product? 🌎
Using Parcl, users from all over the world can access to the world's most recognizable real estate markets. Parcl aims to even the playing field and democratize the biggest asset class in the world.
Hedge your real-world investments. 🦔
Another major use case is for those looking to hedge their real estate investments. If you believe your home or real estate investment may lose value, you can now put a short on Parcl to hedge exposure.
Much more to come.
What is Parcl?
Parcl is a real estate DeFi project on Solana where users can go long or short on cities worldwide.
(EX: Long Miami Short NYC)
What are you really getting exposure to? 🤓
You are trading the median Price Per Square Foot/Meter of major cities around the globe, derived by Parcl Labs. This data is imported to Parcl via oracle. The price feed updates once daily based on real-world real estate activity.
What’s the point of the product? 🌎
Using Parcl, users from all over the world can access to the world's most recognizable real estate markets. Parcl aims to even the playing field and democratize the biggest asset class in the world.
Hedge your real-world investments. 🦔
Another major use case is for those looking to hedge their real estate investments. If you believe your home or real estate investment may lose value, you can now put a short on Parcl to hedge exposure.
Much more to come.