The Parquet Exchange is quickly becoming the #1 Perp Dex on Solana, despite being the only one that puts traders first, is noncustodial, and 100% onchain - with no VC support, hidden allocations or backend schemes - and thus being totally gatekept by every official Solana @perps channel, threadoor and web3 facedox linkedin phenotype. Fortunately, Parquet is building the future (and not a rehash of 4920384x failed pasts), so nothing can stop this.
We will publish a Dune dashboard soon with all onchain proof to show that despite being the newest and youngest out of every trading venue, we're delivering the best offerings, execution, and rewards to our users, with exclusive markets and leverage exposure that none of the competition will ever be able to match.
The Parquet Exchange is here to desloppify perps for the people who actually deserve it: traders (not a fund, fdn, or conglomerate of greedy vc angels).
See you on the trading floor.
https://t.co/Vf6Aud2lLv
The Parquet Exchange's first official Trading Competition has begun.
Trade US stocks and ETFs with up to 200x leverage to compete for rewards (a 10,000,000 solana:VtwGKv7dcpY7aFb8H7MvZfEtUAKwtsHcXSkejCAparq prize pool and a Grand Prize of 10,000 USDC).
See you on the trading floor.
https://t.co/Vf6Aud2TB3
$SPCX is now trading live pre-IPO on Parquet Exchange with up to 200x leverage.
https://t.co/rjs1Q0KEun
Not financial advice. SPCX is a synthetic derivative, not SpaceX equity (no shares/ownership; not affiliated with SpaceX). All trading is non-custodial and subject to smart contract risk. This post is not an offer or solicitation to buy any security.
Liquidity farming is now live on the Parquet Exchange.
Deposit USDC into a per-market pool and become the direct counterparty to every leveraged trader, in exchange for 60% of their trading fees (paid out in USDC).
Each trade on Parquet pays a 0.1% fee of notional (0.05% maker). 60% of that fee accrues straight to the pool and compounds into NAV. LP tokens (per-market exposure; indexes coming soon) rise in USDC value automatically .
You are the house. If traders net win, the pool pays them. If they net lose the pool keeps the edge on top of the fees. Supplying liquidity allows traders to collect the taker fees they'd otherwise pay.
As the Parquet Exchange continues to generate volume, LP'ing is the structurally long position on that flow.
See you on the Trading floor.
https://t.co/Mg9QPyOrq1
In the 3 days we've been live, traders have traded over $1,000,000 worth of volume onchain via Parquet Exchange.
To celebrate this milestone, we've decided to launch our first Trading Competition in under 48 hours, with token rewards for the top 25 traders and a grand prize of $10,000 USDC.
More information will be posted on our website and social pages leading up to the competition start.
https://t.co/Vf6Aud2TB3
you can essentially buy a brand new gmx (with non-predatory tokenomics) on the solana blockchain at only a 1.5 million dollar market cap ($PARQ)
(for context: gmx went to 300m and sits today at 60m)