peaq official announces partnership with Parasail to build Restaking Layer for DePIN to drive the development of DePIN network.

Odaily Star News reported that peaq has announced a collaboration with Parasail to help emerging DePIN projects establish and develop their networks faster by building a Restaking layer for DePIN, while providing trust guarantees for DePIN hardware services. This collaboration aims to further improve user confidence and demand for DePIN more efficiently, while bringing greater resources to the peaq network. Through this collaboration, token holders can stake token assets on the peaq network to secure and support DePIN services on peaq, and receive corresponding DePIN token rewards. For DePIN users, Parasail's Restaking pool will be part of the guarantee for DePIN services, allowing users to be eligible for compensation and reimbursement from Parasail in the event of service failure. Although DePIN is rapidly gaining popularity, widespread adoption by real users remains a major challenge for the industry. For DePIN, user engagement is crucial to creating a strong and practical network. Without a large number of users registering devices and providing real-world services, decentralized infrastructure networks will be difficult to popularize, and their data will lack accuracy. However, without an established and operational network, it is almost impossible to attract users to start using these services. Parasail helps projects solve this problem by utilizing existing assets from DePIN or Layer-1. By staking assets as a service guarantee for a specific DePIN, users may be eligible for compensation from Parasail's Restaking pool in the event of service failure, which increases user confidence and promotes long-term adoption. According to DefiLlama data, the Parasail protocol has a TVL of over $80 million, making it the largest DePIN Restaking protocol currently. By integrating with peaq, Parasail will allow emerging DePIN to quickly create operational and valuable infrastructure networks using existing assets, user bases, and on-chain devices. DePINs providing these assets will receive corresponding token rewards. Additionally, by providing economic guarantees, Parasail helps boost confidence in smaller, less established projects, giving them a fair chance to prove themselves in the DePIN field. This cooperation will significantly enhance the development speed and reliability of the emerging DePIN on the peaq network, paving the way for the popularization of decentralized infrastructure networks.