📄️ What is Parasail?
Parasail is the first (Re)Staking Layer for DePIN. With Parasail's modular solution, DePIN protocols can build a staking layer to guarantee their service levels and enable DeFi use cases for their staked tokens in a simple and cost-efficient way. Parasail’s goal is to expand staking and DeFi use cases within the DePIN ecosystem by leveraging Parasail's advanced staking solutions.
📄️ How does Parasail work?
DePIN draws tremendous interest and attention because of their potential to deliver networks of decentralized infrastructure and services that generate sustainable revenue from paying users. However, it is often hard and costly to build confidence and adoption for these decentralized hardware services. Without economic guarantee on reliable service levels, it is difficult to attract users and acquire paying customers. The promise of DePIN quickly fizzles without such demand and it becomes unsustainable to attract and maintain consistent supply of hardware and service providers.