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About Parasol Finance
What Is Parasol Finance(PSOL)?
Parasol Finance is the first-ever community governed IDO platform built on Solana with the needs of both projects and investors alike.
The key advantage as the ownership of Parasol tokens ($PSOL) gives a right of governance and voting on projects. Our governed platform will be an integral part of bringing new and existing projects and protocols into the Parasol ecosystem with the possibility to invest early. In the process, Parasol and the $PSOL token will become a foundation for enabling further development with partners, its own platform, and the ecosystem as a whole.
PSOL is the native utility token that is used for:
- Voting with the Token
- Governing with the Token: By using the DAO structure, PSOL holders can use Parasol Finance to participate in Governance decisions of the platform, such as deciding pools ratio on upcoming IDO, or voting on which IDO will be launched on Parasol
- Staking to participate in Parasol IDO