Parcl Updates

Getting Started: How to Trade on the Parcl Protocol

August 10, 2022
12 mins
Getting Started: How to Trade on the Parcl Protocol

Welcome to the how to Trade with Parcl guide, which outlines the easiest and most efficient ways to grow your global real estate portfolio.

This guide will share the benefits of trading Parcls as well as walk you step by step through how to start trading your favorite cities and neighborhoods on the Parcl Parcl Protocol.

Want to watch a video instead? Check out the How to Trade on Parcl video tutorial embedded below.

Why Trade on the Parcl Protocol

Gain real estate exposure to an entire city or neighborhood:

The Parcl Protocol makes it easy to gain exposure to the price movement of entire cities and neighborhoods in real world real estate markets, allowing you to access high-demand and supply-constrained locations.

Grow your global real estate portfolio with no minimums.

The Parcl Protocol allows you to benefit from the real estate markets with no minimums or rigorous credit checks. Get started with as little as 1 USDC.

Buy, sell, and trade Parcls with ease

World-class exposure to real estate price feeds using crypto in just a few clicks. Buy and sell your favorite neighborhoods and cities in seconds.

Parcl Trading 101: Seeding Your Solana Wallet

If you already have a Solana wallet and know how to deposit Solana and USDC you can skip to the “Start Trading with Parcl” section.

  1. Download a Solana wallet:
  2. Deposit desired amounts of Solana and USDC:

Download a Solana Wallet

First things first. Before you can start trading on the Parcl Protocol, you’ll first need a Solana wallet crypto wallet–we recommend Phantom. If you need help getting started, be sure to check out “How To Set Up Phantom” as well as the top 5 Solana crypto wallets.

Here are the crypto wallets that Parcl is currently compatible with:

Deposit your desired amounts of Solana and USDC

Once you’ve downloaded your Solana wallet, next, you’ll need to deposit both Solana (SOL) and USDC.

Solana (SOL) is needed for any transactions on the Solana blockchain (here’s why Parcl chose to launch the Parcl Protocol on Solana) Fortunately, transaction fees on the Solana blockchain are typically incredibly low. It’s common for Solana transactions to be just a few cents. If you’re just looking to use the Solana blockchain 1 SOL is plenty to get started.

USD Coin or USDC is a cryptocurrency required to transact Parcls on the Solana blockchain. As a stablecoin backed 1:1 by the U.S dollar, one USDC is the digital equivalent of one USD. Deposit the amount of USDC you wish to trade on the Parcl Protocol.

You’re now ready to start building your global real estate portfolio!

Start Trading with the Parcl Protocol

To start trading your favorite neighborhoods and cities, head on over to the Trade page and then connect your Solana wallet.

Here you’ll see the Parcl Trade module.

If you’ve ever used the likes of Uniswap, Raydium, or another decentralized exchange, things should look quite familiar.

At the top, you’ll see your USDC balance. At the moment, USDC is required to trade for Parcls. Parcl plans to add functionality to support additional crypto pairs in the future.

Below your USDC balance, you’ll find the option to select which Parcls you’d like to trade. You do not have to purchase a full Parcl worth of your desired city or neighborhood.

Currently, there are six North American Parcls to choose from:

  • San Francisco
  • Brooklyn
  • Manhattan
  • Los Angeles
  • Phoenix
  • Miami

Below, “select a token” you’ll see the Pool price, Parcl Price Feed, and Swap feed.

  • Pool Price is the current AMM price for your chosen Parcl.
  • Parcl Price Feed is the USD price per sq ft.
  • Swap fee is .35% in USDC.

By clicking the settings icon (the gear at the top right), you can also adjust your slippage tolerance (recommended for experienced traders only.)

In this example, there’s a trade of 200 USDC for a .186874 stake of 1 San Francisco, Parcl. A unit of 1 (one) Parcl represents exposure to 1 sq ft of that location.

Click “Buy” Parcl and approve the transaction in your Solana wallet!

Congratulations, you now have exposure to real estate markets via the Parcl Protocol. You can buy or sell Parcls at any time.

To view your portfolio, simply click “Portfolio” and you’ll see an up-to-date look at your portfolio performance.

Questions? Need help? Be sure to follow Parcl on Twitter and join the Discord for more on the latest Parcl news and developments.

If you’re looking to Borrow and/or Pool on the Parcl Protocol, be sure to check out the additional Parcl guides here:

Shared content and posted charts are intended to be used for informational and educational purposes only. Parcl does not offer, and this information shall not be understood or construed as, financial advice or investment recommendations. The information provided is not a substitute for advice from an investment professional. Parcl does not accept liability for any financial loss or damages. For more information please see the terms of use.

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