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Proof of Coverage

Accelerating DePIN Adoption Through Restaking With Parasail

Jul 15, 2024
40:01

In this episode, Sal is joined by ZX and Sylvan from Parasail - the leading restaking protocol for DePIN. Parasail is the first restaking protocol to provide onchain economic guarantees for DePIN services, helping drive DePIN adoption and onchain revenues. Discover how they’re connecting established crypto assets with emerging DePIN services to backstop on-chain refunds and boost staking rewards. ZX and Sylvan discuss Parasail's origins in the Filecoin ecosystem and their vision for the future of decentralized infrastructure. Whether you're a crypto enthusiast, a DePIN founder, or just curious about web3, this episode provides an inside look into the bleeding edge of crypto-economic innovation.


0:00 - Using onchain crypto incentives to backstop offchain services.

5:19 - Decentralized storage and staking in the Filecoin ecosystem.

11:27 - DePIN restaking: leveraging BTC, ETH, and SOL for security.

20:04 - Insurance for decentralized protocols, customer acquisition strategies, and service quality.

28:40 - Lessons from decentralized finance (DeFi) and the potential risks of centralization in staking networks.

36:19 - Token delegation and future development ideas. Disclaimer: The hosts and the firms they represent may hold stakes in the companies mentioned in this podcast. None of this is financial advice.

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