The sol ecology has exploded recently, especially today. Even though the market has fallen by 10%, SOL has bucked the trend and risen by 15%, and the entire sol ecology is rising. It is undoubtedly the brightest public chain in this bull market. So today I brought a project on Sol that I think is very interesting. It has not issued coins yet. You can do tasks to sell shorts. The key is that the industry of this project is very huge. It can be regarded as a very huge industry in the field of RWA. It is an aircraft carrier level. The industry sector - real estate Parcl, needs focus.

Introduction

Parcl is a digital real estate trading platform built on the Solana blockchain (enabling traders to invest in the real estate market by purchasing city index funds instead of individual properties). Through the innovative Parcl trading platform and leveraging data provided by Parcl Labs, Parcl facilitates real estate investing in the 21st century. Providing exposure to the most desirable cities in the United States, including New York City, Miami, Phoenix and Los Angeles, as well as global cities such as Paris, London and Singapore, launching later this year.

Parcl allows users to browse global real estate markets, gain detailed insights, and have the opportunity to buy or short real estate markets based on whether they believe real-world property values ​​will increase or decrease. In order to provide users with the most accurate and reliable transaction data, Parcl prices are powered by Parcl Price Feedback, which represents the median price per square foot/meter, aggregated at the city or neighborhood level, and updated daily. Unlike other fractionalized real estate platforms such as Yieldstreet, RealT or Fundrise, Parcl adopts a novel approach to increase liquidity and improve scale, thereby improving diversification and increasing within a total addressable market stability.​

background

Real estate is one of the oldest, most regulated and most popular asset classes. However, this $320 trillion market remains one of the most inaccessible to most ordinary investors. Many potential investors are deterred by high entry costs and significant downside risks associated with poor investment decisions.

The most well-known and widely cited residential real estate metric within the United States is the Case Shiller Index. Case Shiller produces the index for 20 different metropolitan areas as well as the entire country. However, the index's methodology and output are far from ideal. The index only considers a specific type of property (single-family homes), has an opaque data cleaning process, has had difficulties when other researchers have tried to replicate it, even using the same data set, and the index is published with a lag of more than Two months.

Additionally, the index only considers repeat sales, which excludes a large number of incremental multifamily transactions. An analysis of 2022 Parcl Labs data shows that the Case Shiller index's method of calculating price changes would discard 50% of all transactions in the New York metropolitan area. For metropolitan areas such as Boston and Miami, Case Shiller's methodology would exclude 61% and 64% of the true total volume within these markets.

Parcl differs from other forms of real estate investing in several ways. The most significant difference is that Parcl’s DeFi protocol enables users to invest in neighborhoods and cities rather than specific buildings. The Parcl Index is the first-ever real asset (RWA) index representing the urban residential real estate market. Each Parcl index represents the median price per square foot in a specific geographical location and is freely tradable within the platform’s liquidity pool.

Advantage

Parcl's aggressive approach to real estate investing unlocks many benefits. First, it eliminates the specific risks of owning real estate properties in specific areas. It enables investors to gain exposure to multiple RWAs through a single vehicle and therefore extract value from the underlying blocks.

Parcl’s novel platform for DeFi traders is compelling as it brings unparalleled liquidity to one of the world’s most illiquid assets. The current real estate investment environment requires investors to engage with multiple stakeholders, including agents, brokers, title companies and local governments, before entering or exiting the market. In the United States, homes spend an average of 22 days on the market, including the standard closing period of 30 to 45 days. In the UK, it takes at least 57 days from listing a property to completing the sale.

Parcl’s protocol further improves traditional leverage capabilities, allowing investors to own properties with as little as a 3.5% down payment. Advanced traders can achieve higher returns by leveraging up to 10x their original investment on Parcl. The platform also offers a leading position mode, which allows investors to hold long and short positions simultaneously, thus minimizing the risk of fluctuations in market direction.

Who is Parcl for?

Parcl is ideal for DeFi traders and mid- to long-term real estate investors who have confidence in trends in a specific region and want to gain exposure to such favorable dynamics in a relatively simple way. Users can maintain their positions in these geographies to earn passive income by holding relevant open positions and providing liquidity.

Short-term traders also benefit from Parcl’s flexible real estate trading platform. Parcl's current investable market yield averaged six percent over the past quarter, making the product attractive to investors looking for short-term property gains without the long-term commitment of holding and maintaining a property.

Additionally, high-frequency and momentum traders can leverage the Parcl platform to enhance the performance of their real estate portfolios. In addition to the potential to trade at profitable funding rates on listed assets, traders can take advantage of faster entry and exit routes than traditional real estate.

product

Parcl v3 is a sustainable exchange designed specifically for real estate synthetics. It supports perpetual transactions across contracts on various real estate markets. Liquidity providers add liquidity to each exchange’s single LP pool, where they cover traders’ profits and losses, and earn trading fees.

Market Index Price is a price information source created by Parcl Labs. The Parcl development team operates a Pyth oracle that streams Parcl Labs’ price feeds onto the chain.​

Parcl labs

The Parcl Labs Price Feedback (PLPF) is a metric that tracks price movements in residential real estate on a daily basis, using a simple price per square foot metric, across multiple markets and property types.

Parcl Labs developed an enterprise-grade ETL process for ingesting, cleaning, and transforming hundreds of millions of individual data points, leveraging spatial data science to generate price estimates for multiple geographic levels.

The Parcl Labs methodology takes into account representative segments of the market, filters out outliers and other irregularities, creates smooth time series, and tests them every day to ensure the quality of the indicator.

PLPF empowers users to make more informed decisions and is accessible through a user-friendly API.

Parcl Labs Price Feedback (PLPF) is currently the only daily estimated residential real estate price per square foot available, covering multiple markets of varying geographical scope (states, metros, cities, etc.), viewing them all in a systematic and standardized manner Available deals. PLPF allows users to monitor price fluctuations in their respective markets in real-time with minimal latency and lag, and provides an easy-to-understand metric (median price per square foot) that allows for more representative comparisons with other markets.​

Financing situation

Parcl has raised $11.6 million from Solana Ventures, DragonFly Capital, Coinbase Ventures and other strong backers.

How to participate in the project

At present, the token is not online. You can go to its official website to participate in activities. Each task will correspond to different points.

Provide liquidity for staking (you need to provide more than 100 US dollars), conduct transactions on the platform, and invite (invitation code blockchain3000, earn 5% more). The last two tasks are bonus.​

Finally, to summarize this project, this project is still in its early stages. Although he said that he can carry out real estate delivery, he has not yet done so. He has only built a trading pool and bought and sold through the real estate index, but this is also imaginative enough. With great strength, it is not ruled out that physical delivery of real estate on the chain can be achieved in the future. This is very impressive. Just imagine that people all over the world can buy and sell real estate anywhere in the world. That is absolutely incredible, and some developing countries , the appreciation rate of real estate is very exaggerated. For example, the speculation in Vietnam and Malaysia in the past few years is very similar to China more than ten years ago. Moreover, the team of this project has been working on this real estate index before, and has accumulated experience in this area. Why choose the SOL chain? It is the speed of the SOL chain. Therefore, the imagination of the project is huge. Of course, the difficulty is also very high, but capital must be chasing it. There are things that are expected. Currently, 100 million US dollars have been invested in the project, and the popularity is still very good. #热门话题 #sol #RWA