Amulet Protocol is a decentralized risk protection protocol built for the Rust-based
ecosystem, starting with the Solana blockchain. Amulet has designed an innovative
and open risk protection model, which not only effectively addresses the common
challenges of existing decentralized RPPs, but also creates a new paradigm shift for the
whole risk management sector.
Risk underwriting and claims lie at the core of any risk protection business. However,
all existing decentralized finance (DeFi) RPPs have been facing a critical sustainability
challenge for risk underwriting and claims.
Amulet is creating the risk protection industry’s first Protocol-Controlled Reserves
(PCR) approach in which Amulet will build up reserves and introduce a claim structure
involving a unique Yield Backed Claim ("YBC") method. This is a significant change
from the incumbent model of simply drawing directly on the underwriters' capital to
make claim payouts.
Amulet's vision is to offer simple, reliable cover for everyone in Web3. With the
addition of Amulet, users in the entire Rust-based ecosystem will gain access to a new
way to hedge various risks with cover product offerings.
Amulet is extremely excited to bring security to its users by offering simple, reliablecover at scale, backed by sustainable investments and prudent capital management. In setting the standard for safety and proper risk management, Amulet will be a fundamental building block for protocol development on Solana, all Rust-based ecosystems, and the future of open finance. Whether you are a potential contributor, investor, or just here for the ride, Amulet welcomes and looks forward to having you in its community
Cover
Only 2% of digital assets in our industry are protected. Amulet Protocol offers additional protection to your digital assets with an array of solutions including smart contract vulnerability, stablecoin de-peg and NFT cover options.
Stake
Easily stake with peace of mind on Amulet Protocol. Amulet Protocol has 3 layers of protection between claims and assets. Staking is easy to do and more importantly, with the highest level of security behind it.
Earn
Amulet Protocol is built on advanced technology. Our hybrid claims management will see full automation on situations such as a trigger of a stablecoin depegging leading to payouts. Amulet Protocol also manages claim payouts through its DAO model.
Cross-Chain Expansion
Amulet’s initial deployment will be on Solana given its rapid growth and potential.Amulet also plans ambitions to expand to other Rust-based ecosystems such as Near and Cosmos, offering protection to user and protocols on other chains. Amulet firmly believes that risk protection solutions should be made available to all users and protocols regardless of the chain they operate in. It aims to create the safety standard for users and the adoption of blockchain technologies.
Tokenomics
Governance
$AMT is Amulet's governance token. It primarily gives $AMT token holders the right to vote and participate through governance in the protocol's development and initiatives such as but limited to treasury utilization and rewards distribution, claim validity, target capital requirements, new products listing, treasury buyback thresholds, determining future protocol objectives, etc.
Value Accrual
Given the nature of Amulet's business, several features have been adopted from leading DeFi protocols in designing $AMT to enable robust governance and attract patient capital to the protocol. Long-term holders will be able to enjoy certain features .
Conclusion
The risk protection sector, although a seemingly niche area, is critical to the safe and robust development of DeFi, much like how insurance or other modes of financial protection has been responsible for the massive growth of commerce into the global behemoth that we have today. Knowing risk protection needs have been met and potential risks mitigated is key to unlocking DeFi's global userbase and develop safetyminded DeFi.
https://amulet.org/
https://amulet.org/faq
https://discord.com/invite/amuletprotocol
https://twitter.com/amuletprotocol
https://t.me/amulet_announcement
Address: BgiJHHDyXnuwt829SNjavFrDQU5QKoVjLXkZXQiZWZzb