Logo of ParasailParasail
Total Value Locked$1.37m

TVL by Chain

Filecoin$1.36m

Arbitrum$9,758.1

Swan$1,439.21

Fluence$0

Key Metrics

Total Raised$4m

May 28, 2024$4mRound: SeedInvestors: Protocol Labs, MH Ventures, DWF Ventures, D11 Labs, Fenbushi Capital, Escape Velocity, Modular Capital, Bitrise Capital, Foresight Ventures

Protocol Information

Parasail is an incentive interface focused on creating seamless DePIN experiences. By aggregating capital, hardware resources, and DePIN users, Parasail breaks down silos and fosters strong synergies among various DePIN networks.

Category:Restaking

Audits:

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Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHub

Competitors

OpenGDP Shared Security ($8.14m)Pell Network ($225,638.66)EigenCloud ($6.515b)Babylon Protocol ($3.016b)b14g ($251.55m)Jito Restaking ($17.06m)Solayer Restaking ($10.43m)Kernel ($1.35m)Allstake ($802,136.03)Suzaku ($631,012.93)

Frequently Asked Questions

What is Parasail's TVL?

Parasail currently has $1.37m in total value locked. TVL has decreased 42% over the past 30 days.

What chains does Parasail operate on?

Parasail operates on 4 chains: Fluence, Arbitrum, Swan, and Filecoin. Filecoin holds the largest share at 99.2%.

How does Parasail's TVL compare to similar protocols?

Among Restaking protocols tracked by DefiLlama, Parasail ranks #7 by TVL. The category holds $9.822b across 13 protocols, and Parasail accounts for <0.1% of that total. Other leading protocols include OpenGDP Shared Security, Pell Network, EigenCloud, Babylon Protocol, b14g, Jito Restaking, Solayer Restaking, Kernel, Allstake, and Suzaku.