Parkl

Parcl's mission is to broaden the set of market participants able to gain exposure to expensive and illiquid real estate investments.

Parcl is launching with a CDP smart contract for creating synthetic real estate tokens called "parcls" or "parcl tokens" as well as an AMM decentralized exchange for trading parcl tokens. Each parcl token represents the median price per square foot of residential real estate in an arbitrary geography, such as city neighborhoods, and is overcollateralized according to the CDP smart contract's risk parameters. Parcl Labs produces the median price per square foot indexes.

In the future, Parcl Labs plans to work with the Parcl community to continue development of a suite of composable DeFi protocols as well as innovate and experiment with new oracle implementations and data indexes.