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

Amulet is creating the industry’s first Protocol Controlled Underwriting (PCU) approach, in which Amulet will create proprietary underwriting capabilities and introduce a claims structure that includes a unique Yield-Based Claims (YBC) method. This is a significant departure from existing insurance models of renting underwriting capabilities from capital providers in favor of a more sustainable protocol-controlled underwriting and claims structure. Amulet’s vision is to offer simple and reliable insurance to everyone 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.

Amulet’s management token ($AMT) will allow its user base to offer and vote on community offerings. These include, but are not limited to, future reward distributions, legitimate claims, target capital requirements, new product listings, redemption thresholds, and changes to future protocol goals.