Introducing Amulet Protocol

[Moofasa]

Thanks for the info. Now you can already contribute your assets to staking, I already threw it in) today, by the way, the tasks were also updated, you can make a meme and get an additional 200 points)

[НадБур]

Cover Acceleration Program

In order to bootstrap underwriting capacity for certain products and generate higher returns for underwriters, Amulet's Cover Acceleration Program (CAP) will engage with covered protocols' teams to accelerate cover adoption.

For example, when smart contract cover is launched for Protocol A, its initial price may be high due to limited capacity as underwriters may not have as strong an incentive to back the risk versus older cover products. Protocol A can incentivize underwriters with its native tokens or other rewards and additionally $AMT rewards jointly sponsored with Amulet. This helps to increase Amulet's cover capacity and reduce costs for cover purchaser while underwriters earn more rewards. Additionally, pool rewards allocated by Protocol A may serve as an additional buffer against claim payouts.

The CAP will initially apply to Smart Contract Cover before expanding to other cover products on Amulet. As Amulet sees it, everyone stands to benefit from the CAP. Users have access to more options for risk protection, protocols are able to attract more users, underwriters safely earn rewards on their principal, and Amulet is able to extend and expand its product offerings to more users.

[KinGeri]

The amulet protocol is growing!
Now the TVL of the aUWT token has exceeded 180 thousand dollars!
This is a great result for such a young project!

The number of solana placed is almost 6000!
How quickly can we overcome the 10,000 solana mark?
A few weeks at most!

[Nikita4S]

Thank you so much for the great post, you helped me figure it all out!
 I also do assignments there, but lately it's been a bit lacking 
What do you think will happen next and when is the deadline for Amulet Protocol?

[НадБур]

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.

Amulet is extremely excited to bring security to its users by offering simple, reliable cover 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.

[KinGeri]

Incredible rapid growth of the project!
We have grown to 355 thousand dollars in the aUWT token and 5600 placed in the liquidity mining.
Expect a lot of news from the project team.

Very soon we will learn some details about the integration of the Polygon network!
This will take the project to a new level and expand the application area.

[НадБур]

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.

[Nikita4S]

I am sure that the project will grow very well and at the end really be able to solve a lot of problems. And they solve good problems, which are very important and protective. I totally agree with the people above. The project is growing a lot and already has a lot of followers in discord and twitter and they even had to close discord
I'll wait for news, it's very cool that there is this topic where you can find out news. I did not even know about the integration of the polygon.

[KinGeri]

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.

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.

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

[Nikita4S]

Hello all! Amulet community is very fun and friendly, I agree with the commenters above. participate in the project for a long time and always see how people are kind and friendly. They also have different activities every day...Like games or different AMAs.

[НадБур]

amtSOL has now been listed on Coingecko.   

This is another milestone in Amulet Protocol.

amtSOL is an interest-bearing token as well as liquid SOL derivative and proof of ownership of SOL staked by users in Amulet's liquid staking pool.

[KinGeri]

Amulet Protocol (hereinafter Amulet) is a decentralized insurance protocol created for the Rust-based ecosystem, starting with the Solana blockchain.
Amulet has developed an innovative and open insurance model that not only effectively solves the common problems of existing decentralized insurance protocols, but also creates a new paradigm shift for the entire insurance sector.

Risk underwriting and insurance claims are at the heart of any insurance business; however, all existing decentralized insurance protocols face the critical problem of resiliency in risk underwriting and insurance claims. Amulet is creating the industry's first Protocol-Controlled Underwriting (PCU) approach, in which Amulet will build its own underwriting capabilities and implement a claims structure that incorporates the unique Yield Backed Claim (YBC) method. This is a significant departure from current insurance models in which underwriting capabilities are leased from capital providers, in favor of a more sustainable protocol-controlled underwriting and claims structure. Amulet's vision is to is to offer simple, reliable insurance for all in Web3. With the addition of Amulet users throughout the Rust-based ecosystem will have access to a new way to hedge various risks through insurance product offerings.
Unlike some existing insurance protocols that use a combination of general underwriting pools and individual pools for insurance products, Amulet will use an individual pool for each product, and users can choose one or more pools for underwriting by investing their $aUWT in specific product pools.

[Nikita4S]

I love decentralized apps and Amulet will be no exception. Everything is well chosen and made, especially the color on the site it is very nice. in Cover you can see all the action and in other places too, the site is already mainnet!

[НадБур]

Amulet Protocol had an exceptional 2022. Amulet Protocol announced project in April at DevConnect in Amsterdam and this was shortly followed by seed funding announcement.

Since then Amulet Protocol been building community and getting ready for launch. Amulet Protocol did this organically and grew steadily and this became more extreme when we started our AmuNation app. Amulet Protocol achieved top 5 most engaged Solana projects in only 3 months of existence!

The AmuNation app is a bounty campaign that is still ongoing and will provide users with valuable rewards.
You can all join in: amunation.amulet.org (http://amunation.amulet.org/).
You have to complete tasks and there are also daily spins.
Amulet have plenty of community events too (3 already this week!) and you can win points and SOL on them too! Amulet  then had our audit results, successful TestNet and our MainNet has been live for 3 weeks TODAY! Amulet Protocol sold over 400 covers already and so it’s never been more important to earn those underwriting rewards! This time next year, Amulet  plan on being the BIGGEST multi-chain cover protocol in web3 (not just Solana).

[Moofasa]

Hi all! Now I myself participate in the bounty program, they give quite valuable prizes in the form of NFT, now I want to get gold)) there are 12k points left, but they promised to add new tasks, we are waiting)