frequently asked questions
new to parasol? been using it for weeks but still have questions? this is the post. we've collected everything that comes up most often — wallet setup, seed phrases, pausing, buying specific tokens, agents, custom bots, fees, and more. if your question isn't here, find us on Discord or X.
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getting started
what is Parasol?
Parasol is an AI trading platform on Solana. you pick an agent (or build your own), fund your wallet, and the agent scans token launches around the clock, applies a 6-layer manipulation filter, scores candidates, and executes buys and sells autonomously on your behalf.
you don't write code. you don't watch charts. you set the agent running and check in on it.
to understand how the full pipeline works from scan to exit, read Parasol's 5-phase trading pipeline.
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how do I set up my wallet?
when you sign up and complete onboarding, Parasol creates a non-custodial Solana wallet for you automatically using Turnkey — the same institutional MPC infrastructure used by large crypto funds.
you don't need to install a browser extension. you don't need an existing wallet. the wallet is created and linked to your account during the onboarding flow.
to fund it, go to Dashboard → Profile and copy your wallet address. send SOL to that address from any exchange (Coinbase, Binance, Kraken) or from another Solana wallet (Phantom, Backpack, etc).
for more on how the wallet works and why it's secure, read security & safety: how Parasol protects your funds.
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how do I claim my seed phrase / export my private key?
your wallet is generated using MPC (multi-party computation) — there is no single seed phrase in the traditional sense. the key is held in distributed cryptographic shares across Turnkey's secure infrastructure.
to export your wallet: go to Dashboard → Profile and look for the wallet export option. this gives you a private key you can import into any standard Solana wallet (Phantom, Backpack, Solflare) so you can access your funds completely independently of Parasol.
do this now, before you need it. if Parasol is ever unavailable, your exported key is your recovery path.
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is Parasol safe? can Parasol take my money?
the short answer: no. Parasol cannot withdraw funds to an arbitrary address. every transaction follows a strict path — agent decision → transaction construction → Turnkey MPC signing → Solana broadcast. there is no admin shortcut and no way for Parasol staff to move your funds outside of a trade instruction.
Parasol is in early beta. that means bugs exist, agents can lose money on bad trades, and you should only put in what you're comfortable losing during the testing phase.
we recommend starting with 0.5–1 SOL for your first week of live trading.
full security breakdown: security & safety: how Parasol protects your funds
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what does it cost to use Parasol?
Parasol charges 0% platform fee. the costs you pay are:
on a typical 0.1 SOL live trade with normal priority, total overhead is around $0.30. with turbo mode it's higher — roughly $6–7 — because you're paying for MEV protection and speed.
full breakdown with tables: parasol fees explained: what you actually pay
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agents
what is the difference between the different agents?
Parasol has four main agents, each built around a distinct strategy and risk profile:
| agent | edge | MC range | best for |
|---|---|---|---|
| Sienna | market-cap-adaptive exits, dual scan (pump.fun + DEX) | $14K–$50M | most users — balanced approach |
| Claudia | wide net, adaptive trailing stops, lets winners run | $5K–$500K | micro-cap hunting |
| Yuki | whale flow tracking, patient holds up to 2 hours | $50K–$100M | riding confirmed momentum |
| Luna | tight stops, high win rate, small clean exits | $50K–$100M | consistent stacking |
Sienna is the recommended starting point for most users. she scans both pump.fun and DexScreener, her exits scale with market cap automatically, and she's built to handle the full spectrum from micro-cap to mid-cap.
Claudia is for users who want exposure to early-stage micro-caps — higher variance, higher upside ceiling. she enters at very low score thresholds and lets winners run deep.
Yuki is patient. she waits for whale flow and confirmed momentum, holds longer than any other agent, and focuses on tokens that have already proven they can attract capital.
Luna is the win-rate agent. tight 3.5% stop loss, fast trailing stop activation, modest take-profit targets. she wins more often but caps each win smaller. she compounds.
deep dive on each agent: meet the agents: who trades for you and why
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how do I create my own agent?
go to Dashboard → Agents → Create Agent.
you'll be taken through a setup flow where you choose:
once created, the agent appears on your agents page. you can configure its parameters, switch between paper and live mode at any time, and run multiple agents simultaneously each with different strategies.
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what is the difference between paper trading and live trading?
paper trading simulates the full pipeline — scan, filter, score, buy, manage, sell — but uses virtual money starting at $10,000. no real SOL changes hands. it's how you learn how an agent behaves before committing real funds.
live trading executes real transactions on the Solana blockchain using your Turnkey wallet. every buy and sell is a real on-chain swap.
you can switch any agent between paper and live at any time from the agents page. new agents default to live trading — flip it to paper first if you want to observe before committing real money.
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how does Parasol decide what to buy?
every token that passes the scanner goes through a 6-layer filter (manipulation check, holder concentration, sniper detection, liquidity depth, rug check) and then gets a composite score between 0 and 1.
each agent has a minimum score threshold. tokens below the threshold are rejected. tokens above it are eligible for entry, and the agent evaluates timing, volume, and momentum to decide whether to enter now or wait.
how scoring works in detail: how composite scoring works
how manipulation is detected: how Parasol detects memecoin manipulation
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trading
can I add a specific contract address (CA) and have Parasol trade it?
not directly through the standard agent flow — agents scan and select tokens autonomously based on the pipeline. they don't take manual buy instructions.
however, if you want to trade a specific token yourself, you can use the swap interface on the agents page to execute a manual buy. Parasol will then monitor that position alongside any agent-opened positions and apply stop losses and take profits automatically.
this is useful if you want the agent's position management on a token you've identified yourself.
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can I pause my positions?
yes. there are two levels of control:
pause scanning: the PAUSE button at the top of the agents page stops the agent from opening any new positions. existing open positions remain active and continue to be monitored — stop losses and take profits still trigger. this is the right option if you want to reduce exposure without closing what's already running.
close all positions: the EXIT ALL button closes every open position immediately at market price. use this if you need to step away and don't want positions running unattended.
individual positions can also be manually closed from the positions list using the sell button.
why this matters: security & safety — do not leave live trading unattended
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what happens if I close my browser tab?
the agent stops scanning for new trades. but existing open positions stay open on-chain. the token's price continues to move. Parasol cannot manage those positions while your tab is closed because the agent runs in your browser, not on a server.
if you close your browser with open positions:
until server-side position management ships, the browser tab is your safety net. keep it open while live trading.
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how do I add SOL to my Parasol wallet?
go to Dashboard → Profile. copy your Solana wallet address. send SOL from:
make sure you're sending on the Solana network (not ETH, BSC, or any other chain). most exchanges show a network selector when withdrawing — choose SOL or Solana.
typical minimum deposit to get started with live trading: 0.1–0.5 SOL, depending on how many agents you want to run simultaneously and at what position sizes.
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how do I set position sizes?
position size is set per agent in the agent configuration panel. you set it in SOL — for example, 0.05 SOL per trade.
for guidance on how to think about sizing relative to your total wallet, how many simultaneous positions to run, and how stop loss percentages interact with position size, read position sizing for crypto traders.
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how does Parasol manage exits?
every agent uses a combination of:
Sienna also uses market-cap-adaptive exits — her stop loss and take profit levels scale with the token's market cap at entry, so micro-cap tokens get wider levels and mid-caps get tighter ones.
the AI (Claude) reviews open positions every 2 minutes and can issue additional verdicts — hold, exit, adjust_tp, pause_stops — based on real-time price data, volume, and momentum signals.
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leaderboard & points
what is the leaderboard?
the leaderboard ranks all Parasol users by points earned over a selected time period (7D, 30D, or all-time). points are earned by trading, completing quests, referring users, and maintaining streaks.
it's a way to see how your agents stack up against other users on the platform.
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how do I earn points?
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other questions
can I use Parasol on mobile?
yes. the dashboard is fully responsive. you can monitor positions, view charts, check the leaderboard, and manage your profile from a mobile browser.
for the best experience, add the Parasol site to your home screen as a PWA (Progressive Web App). on iOS: tap the Share button in Safari → "Add to Home Screen." on Android: tap the browser menu → "Add to Home Screen."
note: actively running agents (scanning for new trades) works best on a desktop with a stable connection and the tab kept open.
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is there a token limit? how many tokens does Parasol scan?
Parasol scans every new token launch on pump.fun and DexScreener — roughly 50,000–80,000 tokens per day. most are immediately rejected by the 6-layer filter. the composite score further narrows the field. on a typical day an agent might consider 200–400 serious candidates and enter 5–15 positions.
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what blockchains does Parasol support?
Solana only. every trade is a Solana transaction settled in SOL. there are no plans to expand to EVM chains in the near term.
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where can I get help or report a bug?
the team monitors both daily. if you find a bug, describe what happened, what you expected, and if possible include the timestamp — we can cross-reference our logs.
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still have a question? join the discord. someone's usually online.