Advanced Strategy 1: Delta Neutral Trading (With Risks)
The Delta Neutral strategy involves holding both long and short positions simultaneously to hedge against market volatility. However, it’s important to note that this method is currently deterred by Parcl’s team. The platform’s monitoring bots can detect users employing this strategy from the same wallet, leading to potential bans. Despite this, there are methods to navigate this challenge, such as using wallets with different seed phrases to avoid detection. Yet, this comes with its own set of risks and is not recommended for those looking to stay within the platform’s guidelines.
Step 1 – Use a wallet other than phantom
There has been some recent controversy with Phantom wallet providing Sybil data to there partners such as PARCL. What this means is Phantom knows if you use multiple wallets with the same seed phrase and if this is the case with many wallets they will simply tell the PARCL team “All wallets from this seed are farming”. Using 1 – 2 phantom wallets if fine though as this isn’t enough to be flagged.
I recommend using the backpack wallet, Solfare (my favourite for this) or the Magic Eden wallet, or all 3. It also helps if the wallets are aged and have made transactions of other protocols such as Magic Eden or Jupiter.
Step 2 – Security by Obscurity
This involves making the wallets you use as difficult to link together as possible. In reality, these are not needed unless you are going for a crazy farming setup. Some methods are, from easy to hard:
- use a different browser, such as Brave, Chrome, or Internet Explorer
- use a different device, a phone for one wallet and pc for other
- Keep total wallets below 5
- Use different IPs for different logins using a remote proxy (can be expensive)
Step 3 – Fund the fresh wallets using a CEX
Simply use a Centralised exchange, my favourite is MEXC due to the no KYC making it quick and easy to set up but binance and any others also work. For bonus points use different CEXs to fund each wallet.
Step 4 – PARCL set up
Now that we have our wallets we want to fund them and get to farming. To do this you need different deposit amounts, I recommend a 20% funding difference, such as 500$ in one and 400$ in another.
Next login to PARCL, employing as many Obsurity measures (above) as you can. Now you are ready to start your trade.
It doesn’t matter which city you pick as we are trading both sides, but preferably one with a price move below 4% in the last 3 months. For more in-depth, you want to long the city with a general uptrend with the lower balance wallet. After choosing, open the trade choosing long and set leverage to maximum, and use all your funds, for example, 400$.
Next, we need to wait a few hours, I recommend at least 4 and open a short on the same city with a different amount and slightly different leverage.
Step 4 – Referrals
Firstly, you need a referral to activate a bonus of 15% on all your activity, my code is “Razzaer” if you want to help support me. It is critical you do not use your own code for this first one. This has been a bit of an issue lately with the announcement of people being banned for self-referrals. You can use a third, unlinked wallet to self-refer your other wallet though and you should be fine. Make sure to use some referral though.
Congratulations you are all done! With this setup, you are 99% safe and can farm freely without being penalized.
It’s essential to emphasize that while you can do this, the complexity and risk of detection have made it a less viable option and I don’t recommend it. The platform’s stance against this strategy suggests a shift towards more transparent and risk-aware trading behaviors.
Strategy 2: High Funding Rate Strategy
A more straightforward and platform-approved strategy involves leveraging high funding rates. This strategy focuses on shorting markets with a high positive funding rate and longing markets with a high negative funding rate. The goal is to go against the market direction and capitalize on the fees to offset any potential losses. This method requires careful monitoring of the market and selection of positions that can maximize returns without incurring significant losses.
This strategy allows users to actively engage with the market, adjusting positions based on funding rates across different locations. For example, markets like Los Angeles with a 0.1% funding rate present opportunities for strategic leverage with a short where the marketplace fees help offset some of the funds you might lose. However, this approach requires a more active management style to ensure positions remain profitable and aligned with market movements.
Strategy 3: Following a stable market trend
Possibly even simpler, all we are doing is looking for a market with a consistent trend.
Firstly make sure the 3-month % change is below 5% in total, if it has massive swings we want to avoid this. Next, we look at the week and month levels such as a 0.3% uptrend on the month and a 0.1% trend on the week. If this is the case we can long it with max leverage in this case and we may lose a tiny bit or gain a tiny bit but it is so insignificant. The main thing is we want to avoid markets with large swings up or down or an unpredictable trend. We aren’t trading to make money we are trading for stability.
Navigating Risks
All strategies outlined come with their own set of risks and challenges. The Delta Neutral strategy, while potentially lucrative, currently faces restrictions and increased scrutiny from the Parcl platform, making it a risky endeavor that could lead to bans. On the other hand, the High Funding Rate Strategy, while more straightforward and approved by the platform, requires active management and a deep understanding of market dynamics to avoid significant losses.
Make sure to use my code “Razzaer” for a bonus of 15% in your wallets, it helps me a lot and supports articles like this, and is free.
If you want more assistance, you can give me your questions or queries or hop on a call with me for a small fee. I try my best to give as much advice as possible but if its personalized I charge a small fee, join my discord for more information.
Update 19/3/24 – 20x Leverage Available on American Cities, find stable markets and max leverage to move up to top 50 000 rankings.
