Parcl v3 is a permanent exchange designed specifically for synthetic real estate trading. It facilitates trading of perpetual contracts in various real estate markets with cross-margining capabilities. Liquidity providers (LPs) contribute liquidity to an integrated LP pool per exchange, where they assume traders’ profits and losses and also earn trading fees.

Market index prices are generated via price feeds developed by Parcl Labs. The Parcl development team uses Python oracles to broadcast the Parcl Labs price feed onto the blockchain.