security & safety: how parasol protects your funds
parasol gives you autonomous trading agents. that's powerful — and power requires responsibility. this post covers how your wallet is secured, what risks exist in early beta, and what you should do to stay safe.
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your wallet is non-custodial
when you create a trading wallet on parasol, it is generated through Turnkey, an institutional-grade MPC (multi-party computation) wallet provider. here is what that means in practice:
no single entity holds your private key. the key is split across Turnkey's secure infrastructure using multi-party computation. parasol never sees, stores, or has access to your full private key. Turnkey never has it either. it exists only as cryptographic shares distributed across independent secure enclaves.
parasol cannot move your funds. when an agent needs to execute a trade, it constructs a transaction and sends it to Turnkey for signing. Turnkey's MPC nodes sign the transaction without ever reconstructing the private key. the signed transaction is then broadcast to the Solana network.
you can export your wallet at any time. the /dashboard/profile page includes a wallet export option. this gives you the ability to recover your wallet independently of parasol. if parasol disappears tomorrow, your funds and your wallet are still yours.
this is the same infrastructure used by institutional crypto funds and exchanges. it is not a browser extension wallet. it is not a hot wallet stored on a server. it is purpose-built for programmatic trading with real security.
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what parasol can and cannot do
| parasol can | parasol cannot |
|---|---|
| construct and submit trades on your behalf | access your private key |
| read your wallet balance | withdraw funds to another address |
| execute buys and sells through your agents | move tokens without a trade instruction |
| sign transactions via Turnkey MPC | bypass Turnkey's signing infrastructure |
every transaction goes through the same path: agent decision → transaction construction → Turnkey MPC signing → Solana network broadcast. there is no shortcut, no override, no admin backdoor.
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early beta: what that actually means
parasol is in early beta. this is not a disclaimer we hide in a footer. it means:
this is not a set-and-forget product yet. treat it as an experiment. use money you can afford to lose. monitor your agents.
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do not leave live trading unattended
this is the most important advice in this post.
parasol agents run in your browser tab. when you close the tab, trading stops. when your laptop sleeps, trading stops. when your internet drops, trading stops.
but positions remain open.
if an agent opens a position and you close your browser, that position stays open on-chain. the token's price can move in either direction while your agent is offline. there is no server-side stop loss protecting you while the tab is closed.
best practices:
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what we're building toward
the goal is a system where agents can trade safely without constant supervision. that requires:
until those ship, the browser tab is your safety net. keep it open.
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reporting issues
if you notice unexpected behavior — a trade that shouldn't have executed, a balance that doesn't match, an agent acting erratically — reach out immediately:
we take every report seriously. the earlier we know about an issue, the faster we can fix it for everyone.
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summary
trade carefully. we're building something worth protecting.
parasol.so