📄️ Background on Filecoin
Filecoin is a decentralized marketplace for data storage services. Storage providers lock up Filecoin (FIL) as collateral to meet the network’s Service Level Agreement (SLA) requirements. If a provider fails these requirements, the protocol can slash a portion of the locked collateral.
📄️ pFIL: Parasail Filecoin Liquid Token
Parasail creates a delegation pool where:
📄️ Safe Pledge: On-chain Accountability for Storage Providers
Safe Pledge is a core mechanism requiring storage providers to prepay potential slashing fees, ensuring they remain accountable to Filecoin’s SLA requirements. From a practical standpoint, the Safe Pledge amount determines the maximum delegation a provider can request.
🗃️ Miners
3 items
🗃️ Delegators
5 items
📄️ Interest Rate Model
The Parasail protocol uses a Jump Rate model for interest rates, which is designed to optimize capital efficiency while maintaining protocol stability. This model adjusts interest rates based on the utilization rate of the pool.
📄️ Contract Addresses
- wFIL: 0x60E1773636CF5E4A227d9AC24F20fEca034ee25A