yay.oi·June 19, 2024

Parasail Provides a Soft Landing for New DePINs

Parasail has joined the Peaqosystem to offer on-chain economic guarantees for new DePIN services. Users of DePINs guaranteed by Parasail's incentivized restaking mechanism could be eligible for payouts if services fail. This additional layer of trust will help less established DePINs attract otherwise hesitant users to try their services. It also brings new ways of earning rewards from existing tokens in the Peaqosystem.