ParcelFiAbout ParcelFi
Tax liens, onchain — one of America's oldest yield assets, opened up to everyone on Base.
Introduction
For over a century, US county governments have auctioned tax lien certificates — a first-position claim on real property that pays statutory interest of 8–25% per year. It's one of the oldest and most defensive yield assets in America, but access has been limited to institutions and auction insiders.
ParcelFi changes that. We tokenize tax lien and tax deed markets and bring them fully onchain, built on Base — with defined terms enforced by smart contracts, USDC settlement, and the ability to exit anytime.
ParcelFi is launching on Base mainnet with onchain lien markets across six US counties: real wallet connect, USDC-settled buy/sell, and portfolio tracking, with every transaction verifiable on the explorer.
How it works
1. Counties issue tax liens
When property taxes go unpaid, US counties auction tax lien certificates — a first-position claim on the property that earns a statutory interest rate (8–25% depending on the state) until the owner redeems.
2. ParcelFi tokenizes the market
Each lien market is issued onchain on Base, with its statutory rate, maximum term, face value, and collateral coverage embedded in the smart contract. No discretionary payouts — terms are enforced by code.
3. Investors fund positions in USDC
Connect a wallet, pick a county market, and buy a position with USDC. Positions appear in your portfolio instantly and every transaction is verifiable on the block explorer.
4. Earn at redemption — or exit early
Positions accrue the statutory rate per second, paid from the protocol rewards pool. Sell back to the contract anytime for principal plus accrued yield, settled instantly in USDC.
5. $PARCEL ties it together
$PARCEL holders get early access to new county markets, help curate offerings, and govern the protocol as ParcelFi scales toward real-world lien origination.
Roadmap
Mainnet Launch
Live now- —ParcelFi dApp launching on Base mainnet
- —Smart contracts deployed: tokenized lien markets across 6 US counties
- —Wallet connect, USDC-settled buy/sell, portfolio & onchain funding data
- —$PARCEL token launch (planned)
Market Expansion
- —Expand to 20+ county lien and deed markets
- —Secondary marketplace: peer-to-peer position trading with orderbook
- —Yield dashboard: track statutory interest accrual in real time
- —$PARCEL staking for early access to new market openings
Real Assets
- —Independent audits of the market contracts
- —Partner with lien origination desks and county auction aggregators
- —Legal/SPV structure for real-world lien custody
- —KYC-gated markets where required
Protocol Governance
- —$PARCEL governance over new county listings and market parameters
- —Revenue share from origination and marketplace fees to the protocol treasury
- —Institutional vaults and diversified lien index products
Additional details
ParcelFi is launching on Base mainnet. The markets contract is being deployed, and once live anyone will be able to verify every buy and sell on the explorer.
- —USDC (settlement): 0x833589fCD6eDb6E08f4c7C32D4f71b54bdA02913 ↗
- —Six county markets planned at launch: Maricopa AZ (16%), Miami-Dade FL (12.5%), Cook IL (9%), Harris TX (25%), Wayne MI (18%), Pima AZ (16%)
Why Base? It's an EVM-compatible L2 purpose-built for bringing real-world value onchain, built on the OP Stack and incubated by Coinbase — the natural home for bringing a regulated, real-estate-linked asset class onchain.
Token utility
$PARCEL is the coordination token of the ParcelFi protocol:
- —Early access — priority allocation when new county lien markets open, before public funding
- —Market curation — signal and vote on which counties and asset types (liens vs. deeds) ParcelFi lists next
- —Staking tiers — stake $PARCEL to unlock higher funding caps and reduced marketplace fees
- —Governance — vote on protocol parameters: listing standards, fee structure, and treasury allocation
- —Fee value flow — origination and secondary-market fees accrue to the protocol treasury governed by $PARCEL holders
Utility rolls out progressively along the roadmap — early access and curation first, staking and fee flows as markets expand to mainnet.
$PARCEL
$PARCEL is the planned token of the ParcelFi ecosystem: early access to new lien markets, curation of county offerings, and governance as we move toward real-world lien origination.
ParcelFi is launching on Base mainnet. Contracts are unaudited and markets are not yet backed by real-world lien custody. Nothing on this page is investment advice, and no yield is promised.