TVL exceeds US$75 million, with an increase of more than 3 times during the year. How to obtain potential airdrop opportunities for RWA platform Parcl?

Original|Odaily Planet Daily

Author|Husband How

Real World Assets (RWA) have become a hot topic in the Web3 space since last year. Several projects have been actively exploring ways to bring more physical assets into crypto, including real estate.

The project Parcl that Odaily Planet Daily noticed recently is one of them. Different from other single real estate tokenization projects, Parcl has built a set of regional real estate price index trading products, which has now expanded to 10 regions (mainly American cities), real estate index products in cities such as Hong Kong, China, London, UK, and Jakarta, Indonesia will be launched in the future. Recently

The official announced that the token PRCL will be launched in April this year. In anticipation of potential airdrops, TVL continues to soar and currently exceeds US$75 million, an increase of more than 3 times from the beginning of the year.

How to obtain potential airdrop opportunities, Odaily Planet Daily has summarized some methods. Project Overview

Parcl is a decentralized real estate index derivatives platform based on the Solana public chain.

Parcl’s real estate index is similar to traditional financial REITs (real estate trust funds), but instead of directly tokenizing mature REITs products, Parcl collects data points for a certain urban area through Parcl Labs Calculation is performed to create a real estate market price index for the current region, which is transmitted on-chain by the Parcl development team through a Pyth oracle.

Odaily Note: The Parcl Labs Price Data Source (PLPF) is used to provide daily price per square foot estimates for residential real estate across multiple markets and property types.

Parcl runs the V3 protocol version, which expands liquidity issues compared to previous versions, introduces decentralized governance and protects LPs (liquidity pledge providers) and traders from the market The excessively unbalanced risk control function

is essentially the same as the previous version in terms of user experience.

According to the product page, the real estate market index provided by Parcl includes a total of 10 cities, mainly covering all parts of the United States. However, the latest news shows that Parcl will soon add indexes to cities such as Hong Kong, China, London, UK, and Jakarta, Indonesia.

#Currently, there are no other restrictions on Parcl’s transactions, and transactions can be made above 1 USDT. However, the author observes the index in each region and finds that the intensity of the rise and fall is relatively low. The data in the above chart shows a 10 times leveraged rise and fall rate in three months. Therefore, Parcl is more suitable for investors with large funds and who require diversity in asset returns. Ordinary investors may be accustomed to the high volatility of the crypto market, and may prefer traditional financial markets for long-term and relatively stable assets.

According to DeFiLlama data, Parcl TVL is US$75.44 million, an increase of more than 3 times from the beginning of the year. With the Parcl airdrop approaching, the number of LPs and traders in the project has increased, which may be the core reason for the growth of Parcl TVL.

Predict the Parcl airdrop standard, maybe NFT holders will have the opportunity to receive airdrops

According to official news, Parcl launched the token PRCL in April this year, with a total amount of 10 100 million pieces, the initial community supply is 7%-8%. The purpose of the PRCL token can be summarized as follows:

• # Data Functionality: The PRCL token is integrated into the Parcl Labs API to serve as a gatekeeper to high-quality residential real estate data mechanism.

• Further Protocol Incentive Program: Eligible PRCL holders have the opportunity to participate in Perpetual Network Incentives (e.g. points), which will be launched shortly after the initial distribution event .

The specific content of other token economics will be officially disclosed in March this year, and Odaily will continue to pay attention.

How to obtain potential airdrop opportunities, the author inquired about the development history of the Parcl project and found the following possible airdrop standards.

1. Points activity organized by Parcl: Currently in the second season, this points activity adopts three standards: LP providers 4 points/USD; traders 2 points/USD (open positions) time calculation); invite new users (10% points for new users). According to data, nearly 150,000 people have participated in the event.

2. NFT holders: "Homeowners Association" issued by Parcl in May 2022, with an issue price of 0.5 SOL, but it fell below the issue price less than half a year after it was issued; affected by airdrop expectations , the price will rise to 15 SOL at the end of 2023, and currently no one is selling it on Opensea.

Summary

Parcl is distinguished from other RWA real estate projects, especially based on the technical details of its real estate market index developed by Parcl Labs It seems that the team is relatively professional, with most members coming from Microsoft and well-known financial institutions; the design of the project is also relatively novel, using a self-developed index-based derivatives trading platform, which is different from other direct tokenization of traditional financial assets; Parcl has unlimited access, allowing most Web3 users to participate directly (except the US), making it easier to scale.

Although the threshold is not restricted, limited income may become one of the limiting factors for its expansion. Due to the natural properties of real estate, market fluctuations are lower than those in the crypto market. It is more suitable for investors who seek stability and are familiar with real estate. Web3 users' enthusiasm for trading may be hindered.

In addition, according to the token economic model officially released by Parcl, the initial supply only accounts for 7%-8%, and some tokens may be rewarded for participating in transactions or adding LP models to attract more Multiple users participate to continuously attract traffic.

To sum up, the fundamentals of the Parcl project are good, and subsequent development depends on the token strategy after the airdrop.

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