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Documentation Index

Fetch the complete documentation index at: https://docs.parquet.exchange/llms.txt

Use this file to discover all available pages before exploring further.

Quick answers to the questions traders ask most. Each answer links out to the page that covers it in full.

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What is Parquet?

Parquet is a decentralized perpetuals exchange on Solana for synthetic long/short exposure to US equities, ETFs, and commodity ETFs. The protocol lists 15 active markets — 11 large-cap stocks (AAPL, MSFT, NVDA, GOOGL, AMZN, META, TSLA, COIN, MSTR, PLTR, AMD), 2 broad-index ETFs (SPY, QQQ), and 2 commodity / sector ETFs (GLD, USO). See /markets for the full list.

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When can I trade?

Only during US Regular Trading Hours: Mon–Fri 09:30–16:00 ET, minus US market holidays and early-close days. Outside RTH the oracle is stale and every state-changing instruction reverts. Existing positions stay open across the halt but cannot be modified or liquidated until the next session. See /trading/overview and the /market-hours endpoint for the live state.

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What happens to my position over the weekend?

It stays open. Funding and borrowing fees accrue continuously on the wall clock, but the keeper can only crank funding when the oracle is fresh — accrued amounts settle on your first interaction after the next session opens. You cannot close, add margin, or remove margin while the market is halted, so a position you intend to hold overnight should be sized assuming you cannot react until the next session. See /reference/risks.

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Is this on mainnet?

Not yet. Parquet is live on devnet today — 15 active markets, pusher streaming Alpaca + Finnhub during RTH, keeper online. Mainnet is parked at the T29 deployment milestone (deploy wallet PARQVsPSbsn1Pm7kdayZpicVu2pBRLYEnqijLP2QC3z at 0 SOL). See /network/contracts for program IDs.

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What wallets are supported?

Phantom and Solflare via the Solana wallet adapter. Anything that speaks the adapter should work, but those two are the supported path. See /getting-started/wallet-setup to connect.

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What’s the maximum leverage?

250× on every market. The initial-margin requirement at the cap is 0.4% of notional, and the maintenance margin is 0.2% — meaning a max-leverage position can liquidate on a ~0.2% adverse price move. See /getting-started/first-trade for the trade flow.

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What fees do I pay?

Base open/close fee is 0.1% of notional, reduced to 0.05% when your trade reduces open-interest imbalance. Funding is capped at 10 bps/hour. Liquidations pay a 50-bps reward to the keeper from your remaining collateral. See /trading/fees for the full breakdown.

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What’s the open-interest cap?

$50,000 per side per market. When a side hits the cap, no new positions can be opened on that side until existing positions are closed. See /liquidity/overview.

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Why didn’t my winning close pay out immediately?

When the pool is short on free liquidity, winning closes go into a FIFO payout queue and pay out as LPs absorb losses or new deposits arrive. Your position is closed and your USDC payout is reserved — the queue is just the order in which it lands in your balance. See /trade/payout-queue.

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What happens if I get liquidated?

Once your health drops to or below the maintenance margin (0.2%), anyone can permissionlessly call liquidate. You receive net PnL minus fees; the liquidator earns a 50-bps bounty out of your remaining collateral, capped per call. See /trade/liquidations.

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Can I add or remove margin on an open position?

Yes, via update_position_margin — during RTH only. Adds are always allowed; removes pass the same health check as liquidate. See /trade/margin-management.

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How do LPs make money?

80% of every trading fee flows to LP balance, paid out through the deposit/withdrawal share price. LPs also absorb realized PnL — they win when traders lose net, and lose when traders win net. See /liquidity/overview and /earn/lp-payout-queue for the v4 mechanics.

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What is staking?

Stake protocol or LP tokens for a share of fee distributions and emission rewards. See /staking/overview for the basics and /earn/staking-emissions for the emission-curve mechanics.

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Is there a referral program?

Yes — tier-based, configured by the operator. As an affiliate you pull accrued rewards via claim_affiliate_reward per market. See /referrals and /earn/referrals-lifecycle for the full lifecycle.

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How do I get test funds on devnet?

Devnet uses a mock USDC mint at DA8DJqnj49QrNN6TSbZ13cMubdJ8agSeEohH5AGjkgYA. Watch the Parquet Discord for the faucet workflow.

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Are the contracts audited?

Not yet. The current devnet deployment is pre-audit; audit results will be published with the mainnet launch when available.

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Where do I report bugs or suggest features?

Open an issue on the Parquet GitHub or reach out via the Discord linked from the app. Live handles are intentionally not embedded here in case they change.