This is the Prcel project, which is a real estate protocol built on the #Solana network. Recently Prcel Limited has officially announced the #airdrop of its #token $PRCL for the month of April. That said, there is still time to interact with the protocol and possibly opt for the airdrop. How can we participate in this airdrop? Let's explore.
First of all, we will try to understand how this protocol works. Prcel currently follows a points system, in which one earns a certain amount of points based on the interaction we have with the protocol. To achieve this interaction we can do it in two ways:
Through a margin Trading of perpetual futures.
Provide liquidity to the protocol.
It is important to mention that USDC is needed in Solana ready in the #billetera Phantom (or another wallet on the network) and a small amount of the #SOL token to be able to open the account and carry out operations. To access the platform you can do it here:
app.parcl.co
To be able to interact through trading, it is as simple as opening and closing a perpetual futures operation like in any exchange, where we can open operations in long and short positions in different real estate markets. Additionally, as the market is less volatile, it gives us the option of using leverage. There is a risk of liquidation here if we abuse leverage and do not take the necessary care. Each trade generates points.
For the second option, and less risky according to my experience, is that of providing liquidity to the protocol, where I again indicate that only USDC can be used as currency. Another important element to indicate is that your money will be blocked in the protocol for almost a month, at which time you can choose to withdraw everything or continue contributing liquidity to the protocol. Under this option, each day you will generate points based on the amount deposited.
Under these two options you can start generating points in the protocol and wait for the eligibility criteria that will be announced in the future, where the points system will play an important role. Currently more than 150,000 wallets are farming it.
As an additional tip, if you want to get an extra 5% in points, you can put my referral code in the referrals section:
"defrank"
As I mentioned, the token is not yet available, however it can already be found on Aevo as a pre-launched token with a price of $2.
Finally, mention that as a result of this official announcement, the TVL (Total Value Locked) in the protocol began to rise, so more people are beginning to see this protocol as an opportunity to farm.
So there is still time until April to try to access the airdrop of this protocol. If you have not yet interacted with the Solana network, it is also a door to start and review the different protocols that exist on the network. At the moment I am interested in MarginFi, Kamino Finance and Prcel.
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