PARQisthetokenofParquetExchange.Itsonlyclaimonprotocolrevenueisstaking:stakePARQ to earn a share of trading fees, paid in USDC. This page covers the token’s identity, supply and allocation, how it accrues value, and the design choices behind the launch. For the staking mechanics themselves — lockup tiers, multipliers, and how to stake — see Staking & Rewards.
Token at a glance
| Field | Value |
|---|
| Ticker | PARQ |
| Token standard | Token-2022 (TokenzQdBNbLqP5VEhdkAS6EPFLC1PHnBqCXEpPxuEb) |
| Decimals | 6 |
| Total supply | ~1,000,000,000 (fixed at mint) |
| Mint authority | Revoked |
| Freeze authority | Revoked |
| Extensions | Metadata only (MetadataPointer + TokenMetadata) — no transfer fee, transfer hook, or permanent delegate |
| Launch venue | pump.fun |
| Quote asset | USDC |
VtwGKv7dcpY7aFb8H7MvZfEtUAKwtsHcXSkejCAparq
Supply & allocation
The full supply was set at mint and cannot grow. It is distributed across five buckets:
| Allocation | Share |
|---|
| Public sale (pump.fun) | 85% |
| Staking & LP rewards | 6% |
| Treasury & development | 4% |
| Core contributors (vested) | 3% |
| Growth & incentives | 2% |
- Public sale (85%) — sold on the open pump.fun bonding curve, with no presale, no discounted insider tranche, and no allocation the public cannot reach.
- Staking & LP rewards (6%) and growth & incentives (2%) — bootstrap capital. See Why the bootstrap buckets exist below.
- Treasury & development (4%) — covers infrastructure and ongoing development.
- Core contributors (3%) — vest to the team over time.
How $PARQ accrues value
Parquet charges a fee on notional at every fill — 0.1% base, or 0.05% when a trade reduces the open-interest imbalance between longs and shorts. That fee splits four ways:
| Recipient | Share of every fee |
|---|
| Liquidity pool (LP share) | 50% |
| $PARQ stakers | 31.25% |
| Treasury | 12.5% |
| Referral reserve | 6.25% |
Every output described here — protocol fees, the LP fee share, and the staker distribution — is a direct function of trading volume and may be zero. Nothing on this page is a projection or a guarantee of future returns; it describes the protocol’s mechanics, not its outcomes.
Why a fixed allocation, not emissions
Funding incentives from a fixed 2% / 6% allocation instead of open-ended emissions is the load-bearing decision. Emission-funded incentives subsidize liquidity by diluting holders indefinitely; a fixed allocation caps the cost and spends it down. After it is spent, growth has to come from fee revenue — the same source stakers draw from. Dilution is therefore bounded, the yield is real protocol revenue rather than inflation, and value accrual has no leakage.
Why the bootstrap buckets exist
Parquet has no order book. Trades execute against a shared USDC pool at the oracle price, so the pool is the counterparty, and pool depth — not spread — determines how much open interest the venue can carry. A pool’s steady-state yield is its 50% fee cut, which only matters once volume exists. That creates a fixed point at launch: LPs will not deposit without fee flow, and fee flow needs the depth that deposits provide.
The bootstrap buckets pay past that fixed point:
- Staking & LP rewards (6%) seed pool depth.
- Growth & incentives (2%) source the first volume, through referral and trading rewards.
Once the 50% fee cut sustains the pool unassisted, these buckets are spent down and growth runs on fee revenue alone.
Why pump.fun
PARQlaunchedon[pump.fun](https://pump.fun/coin/VtwGKv7dcpY7aFb8H7MvZfEtUAKwtsHcXSkejCAparq)becausethedistributionaboveisonlycredibleifthelaunchmechanismenforcesit.Abondingcurvesellstoeveryoneonthesameprogrammaticpricing—nopresale,nodiscountedinsidertranche,noallocationthepubliccannotreach.Italsokeepsthetwolayersclean:PARQ is the token, while the protocol’s liquidity and fees run through the shared USDC pools. Staking $PARQ is the sole claim on those fees, and the bonding curve is what distributed that claim fairly.
Why paired against USDC
PARQispairedagainstUSDC,notSOL.ASOLpairwouldpricethetokenasPARQ/SOL×SOL/USD—itsdollarvaluewouldtrackSOLregardlessofhowtheprotocolperforms.AUSDCpairquotesitdirectlyindollars,thesameunititearnsandpaysout:thepricereflectsdemandforPARQ, not exposure to SOL.
Risk & disclaimer
$PARQ is a volatile digital asset and may lose all of its value. The protocol outputs described on this page — protocol fees, the LP fee share, the staker distribution, and the resulting token demand — are a direct function of trading volume and may be zero. Nothing here is a projection, guarantee, or representation of future returns.
$PARQ is a protocol-utility token, not a security: holding it conveys no equity, no ownership of Parquet or its pools, and no claim on the entity. Parquet is a leveraged trading venue; positions are subject to liquidation and total loss. Conduct your own research, verify every claim on-chain, and assume the risk of loss. Nothing here is financial advice. See Risk disclosure for the full risk discussion. 