# Parquet ## Docs - [Parquet](https://docs.parquet.exchange/introduction.md): A 24/7 decentralized perpetuals exchange on Solana for synthetic long/short exposure to US stocks and ETFs, with up to 200× leverage. - [Wallet setup](https://docs.parquet.exchange/getting-started/wallet-setup.md): Install a Solana wallet, fund it with USDC, and connect to Parquet — Phantom and Solflare walkthrough. - [Your first trade](https://docs.parquet.exchange/getting-started/first-trade.md): Open and close your first long perpetual position on Parquet — a seven-step walkthrough from connect to settlement. - [Trading overview](https://docs.parquet.exchange/trading/overview.md): How to trade perpetuals on Parquet — wallets, positions, leverage, trading keys, and liquidations. - [Order types](https://docs.parquet.exchange/trading/order-types.md): Market orders, limit orders, stop-loss, and take-profit — how each order type works and executes. - [Fees & Costs](https://docs.parquet.exchange/trading/fees.md): Position fees, tiered fees, funding rates, borrowing fees, and how fees are distributed. - [Liquidations](https://docs.parquet.exchange/trade/liquidations.md): How and why positions get liquidated on Parquet — the maintenance-margin trigger, the equity-based liquidation fee, and what happens off-hours. - [Managing margin](https://docs.parquet.exchange/trade/margin-management.md): Add or remove margin from an open Parquet position — when removals are allowed, the $10 minimum, and tighter off-hours rules. - [The payout queue](https://docs.parquet.exchange/trade/payout-queue.md): What happens when a winning close can't be paid in full right away — your payout is reserved and lands as the queue drains. - [Providing liquidity](https://docs.parquet.exchange/liquidity/overview.md): How Parquet's shared per-category USDC liquidity pools work — depositing, withdrawing, earning fees, and understanding risks. - [Staking & Rewards](https://docs.parquet.exchange/staking/overview.md): Stake tokens to earn protocol fee distributions and emission rewards — pool types, tier multipliers, and reward mechanics. - [$PARQ token](https://docs.parquet.exchange/staking/tokenomics.md): The $PARQ token — a fixed-supply Token-2022 mint, its supply and allocation, how it accrues value through the trading-fee stream, and the design behind the launch. - [Referrals](https://docs.parquet.exchange/referrals.md): Earn affiliate rewards through the Parquet referral program. - [The payout queue for LPs](https://docs.parquet.exchange/earn/lp-payout-queue.md): What the payout queue means if you provide liquidity to Parquet — when withdrawals can be delayed and how the pool stays solvent. - [Emission-schedule staking pools](https://docs.parquet.exchange/earn/staking-emissions.md): What an emission-schedule staking pool pays out over time, and what claim-and-restake does for you. - [How referral rewards work](https://docs.parquet.exchange/earn/referrals-lifecycle.md): What to expect as a Parquet affiliate — getting credited, your reward tier, and claiming your USDC. - [Markets](https://docs.parquet.exchange/markets.md): The live Parquet markets — US equity, crypto, commodities, forex, and trading-card perpetuals, trading 24/7. - [Glossary](https://docs.parquet.exchange/reference/glossary.md): Plain-language definitions for Parquet traders and LPs — payout queue, phantom credit, MMR, effective equity, free liquidity, funding, leverage, and the rest. - [FAQ](https://docs.parquet.exchange/reference/faq.md): Common questions about Parquet — what it is, how to trade, fees, trading hours, mainnet status, where to file bugs. - [Price integrity](https://docs.parquet.exchange/reference/price-integrity.md): How Parquet keeps its oracle price honest — multi-source validation, dual-feed fallback, staleness and confidence checks, and the limits that bound a bad price during volatile events. - [Risks](https://docs.parquet.exchange/reference/risks.md): The risk disclaimer Parquet shows on first mainnet wallet connect — and the structural risks specific to stock perps on Solana. - [Security](https://docs.parquet.exchange/reference/security.md): How to report a security vulnerability in Parquet — responsible disclosure via our Telegram channel, scope, and process. - [Contracts](https://docs.parquet.exchange/network/contracts.md): Parquet program IDs — six programs deployed on Solana mainnet (and devnet), same IDs on every cluster. - [Developer docs](https://docs.parquet.exchange/developer/access.md): Parquet's SDK, indexer API, and protocol integration references are available to builders on request. ## OpenAPI Specs - [openapi](https://docs.parquet.exchange/api-reference/openapi.json) This documentation is built and hosted on [Mintlify](https://mintlify.com), a developer documentation platform.