Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Incentivised Posting / Shill => Topic started by: Klimovich on March 22, 2023, 04:49:46 PM
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Amulet Protocol explains the benefits of DeFi cover:
1. High efficiency
No need for oversight and management of the insurance process, resulting in greater efficiency and lower costs.
2. Reduced costs.
No need to maintain these very supervisory bodies.
3. Improved safety
Decentralized insurance is much more secure because the system is distributed and managed by a network of peer-to-peer systems. This makes it much more difficult for attackers to attack the system.
4. Transparency
Any changes or updates to the insurance process are visible to all participants.
5. Flexibility
The distributed nature of the system allows for more rapid changes and updates to the insurance process.
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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.