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Parquet is a decentralized perpetuals exchange on Solana for synthetic long/short exposure to US stocks and ETFs, with USDC collateral and on-chain oracle price feeds. Markets trade 24/7. During regular US trading hours (RTH) prices track the live US equity market. During off-hours the prices come from an off-exchange reference feed. Parquet offers tiered leverage up to 200× (smallest position tier), applied 24/7 — the same tier table in regular hours and off-hours. 200× is the maximum you can open; at that cap a fresh position sits near its liquidation point once the open fee is taken, so high leverage is high risk. Maintenance margin is 40 bps venue-wide. Off-hours keeps a tighter open-interest cap and off-exchange reference pricing. Trading is powered by a shared USDC liquidity pool, and every position is opened against it at the oracle index price. Stakers earn a share of protocol fee distributions, and liquidity providers earn the LP share of trading and borrowing fees — and gain when traders realize losses — by depositing into the pool on the LP farm. Prices come from external market-data feeds, are aggregated off-chain, validated for staleness and confidence, and kept continuously up to date on-chain. During US regular trading hours (RTH) prices track the live US equity market; off-hours the feed switches to an off-exchange reference, with a tighter open-interest cap (the leverage tiers are now the same in every session). Because the off-hours reference keeps updating, the on-chain feed stays current around the clock. This allows trading to stay live 24/7. Feeds are external and can still go stale; see the risk disclosure. This documentation covers the product for traders, liquidity providers, stakers, and referrers — each role below links to the page that covers it in depth.

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Get started

Choose your role to find the right starting point.
  • Traders: Trading overview — Open leveraged long/short positions and place limit orders.
  • Liquidity providers: Providing liquidity — Earn yield by depositing USDC into the shared pool on the LP farm.
  • Stakers: Staking & Rewards — Stake PARQ to earn a share of protocol fee distributions.
  • Referrals: Referral program — Create a code, share it, earn affiliate rewards.
  • Risks: Risk disclosure — Read this first: real funds, off-hours pricing, and counterparty-pool/payout-queue risk.
  • Community + support: Telegram (@parquetexchange) — operator-staffed help channel.

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Markets

Parquet lists perpetuals across several asset classes — US equities and ETFs, crypto, commodities, forex, and trading cards — plus synthetics such as SPCX (a SpaceX synthetic priced from a third-party reference feed; not SpaceX stock). Trading-card markets are a higher-risk, speculative category (capped at 50× and excluded from the LP farm); see Markets for the per-category detail and the current, always-live listing (including any symbols recognized on-chain but not currently enabled for trading).