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Guide on Earning USDC Yield Farming for Point Airdrops on the Parcl Platform with Potential Returns of Over 250% APY

In a significant development for the real estate digital investment sector, Parcl, a platform built on the Solana blockchain, has revealed plans to introduce its native network token, PRCL, in April 2024. The token is poised to play a pivotal role in enabling holders to engage in the governance and utility aspects of the Parcl Protocol, a decentralized exchange with a specific focus on real estate transactions.

In a recent announcement via X, Parcl disclosed that the total supply of PRCL tokens would amount to 1 billion, with an initial community airdrop ranging from 7% to 8%. The circulating supply is anticipated to kick off at 10% to 12%. This move is expected to foster community engagement and decentralization, aligning with the ethos of blockchain technology.

Among the notable investors backing Parcl are Dragonfly, Coinbase, Solana, and others, signaling a strong vote of confidence in the platform’s potential and innovation within the real estate investment space.

As of now, Parcl is immersed in Parcl Points – Season 3, an initiative designed to incentivize users. Participants can earn +5 points per dollar by depositing funds into the LP Pool, with rewards based on the initial deposit amount. Trading positions are also eligible for rewards, with users earning +2.5 points per dollar based on the opening amount.

For those less inclined towards trading, depositing USDC to become a liquidity provider (LP) is recommended. LPs will earn more and have an enhanced understanding of LP performance. The LP share of fees generated is being raised to 80%. Fees are increasing from 1/6bps maker/taker to 2/10bps, with the entire increase benefitting LPs.

According to Whales Market, the potential profit return is currently exceeding 250% Annual Percentage Yield (APY) as of the time of writing, making it an attractive prospect for investors seeking substantial returns.

Here’s a step-by-step guide on how users can earn points on Parcl:

Visit the official website: https://app.parcl.co/

Click on “Connect” to create an account.

Register with your email address (Note that SOL is required for fees).

Important: Navigate to the “Referrals” section to unlock a 5% bonus, and don’t forget to add the code “jimmy1102” for additional bonuses.

  • Head to “Provide Liquidity” and add USDC to “Deposit Liquidity” to accumulate points.
Confirm on your wallet – Finished.

HOA boost: HOA holders continue to represent Parcl’s most valued community members; the existing 20% boost for the first HOA and 5% boost for each HOA thereafter is being maintained. HOA NFTs are rare and limited collectibles that grant access to exclusive benefits and features on the Parcl platform.

By following these simple steps, users can actively participate in the Parcl ecosystem, taking advantage of the platform’s innovative features and potentially lucrative rewards. As the launch of PRCL approaches, the real estate investment landscape on the Solana blockchain is set for a notable evolution.

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