I bought a daiwa laguna spinning rod yestarday and after fishing with it today i noticed some of the paint started falling off, and i can see the graphite. Will this affect the rods performance? It has warranty but i don't want to send it in if it doesn't affect the way the rod performs. Also I was thinking of coating the chipped parts with some clear nail polish to prevent it from peeling off even more, does anyone know if this will work? thanks

Na - the paint is just to 'pretty it up', has no effect on action/power. If it's an issue with looks, take it back to the store you got it...they should be able to replace it.

The less paint a rod has, the better.

Just cosmetics, it’s also a cheap rod so I wouldn’t expect high end quality.

I don't think that touching it up would cause any problems, but I would use a clear hard finger nail coating for its hardness and UV resistance.  Having said that I would not want to use a rod with paint coming off it.  Sealing the edges most likely will not stop the paint from coming off.  When it first started, it didn't have an edge, but it still came off. I would get it replaced. 

 

It is correct that paint adds weight to a rod which, in a small way, is detrimental to sensitivity.  Although it would be hard to detect the small difference.