Amulet is a decentralized insurance platform

[PANKRATION]

Amulet Protocol is a decentralized insurance protocol built for the Rust-based ecosystem, starting with the Solana blockchain. Amulet has designed an innovative and open insurance model, which not only effectively addresses the common challenges of existing decentralized insurance protocols, but also creates a new paradigm shift for the whole insurance sector.

Amulet is creating the industry’s first Protocol-Controlled Underwriting (PCU) approach, in which Amulet will build up its own underwriting capabilities and introduce a claim structure involving a unique Yield Backed Claim (YBC) method. This is a significant deviation from the incumbent insurance models of renting underwriting capability from capital providers to a more sustainable underwriting and claim structure controlled by the protocol. The vision of Amulet is to offer simple, reliable insurance 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 insurance product offerings.

Amulet’s governance token ($AMT) will allow its userbase to both propose and vote on community proposals. These include, but are not limited to future reward distributions, validity of claims, target capital requirements, listing of new products, treasury buyback thresholds, and change of future protocol objectives.

[Klimovich]

Amulet expects strong demand for its coverage products and other risk management solutions as Solana continues to grow and adopt. Currently, risk management solutions are still relatively scarce or non-existent in Solana and the Rust space in general, which presents Amulet with an incredible and unique market opportunity.

[Klimovich]

Amulet Protocol a programat ultimul AMA din 2022 pentru 21 decembrie!
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