Parcl v3 is a decentralized exchange (DEX) specifically designed for real estate synthetics, enabling users to trade perpetual contracts on various real estate markets. This platform supports cross-margined perpetuals trading, allowing liquidity providers (LPs) to add liquidity to a single LP pool per exchange, where they assume trader profits and losses while earning trading fees.
Investors can open long and short positions on city-specific indices designed to capture real-world property values in their respective localities. Unlike traditional real estate investing, where most transactions focus on individual property prices, each Parcl index reflects the overall market for a specific city. This allows traders to speculate on price movements across the entire city. To participate in trading, users must deposit USDC stablecoin as collateral.
In Parcl, distributed and decentralized individuals come together to provide liquidity and to create a platform on which they can trade Parcls for real estate locations.