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Parasail
Parasail is the first restaking protocol that provides on-chain economic endorsement for DePIN services to drive adoption. By connecting established assets and DePIN service proofs, Parasail enables new DePIN projects to build trust and confidence on their services more efficiently, therefore lowering the cost to acquire and activate real users.
Distributed
Description
Parasail is a restaking protocol designed to provide on-chain economic endorsement for Decentralized Physical Infrastructure Networks (DePIN) services to foster adoption. It connects established assets with DePIN service proofs, enabling new DePIN projects to build trust and confidence in their services more efficiently. This process helps lower the cost of acquiring and activating real users. The platform allows stakers to delegate and stake their token assets to secure DePIN network services and earn rewards. For DePIN protocols, Parasail enables staking and DeFi use cases for their tokens, providing access to liquidity and participation interests beyond their native ecosystems.Grant Funding
VC Funding
None
2024
$0
$4M