Amulet Protocol
Amulet Protocol and its roadmap for 2022–2023. Let’s see what the project has in store for us!
Hi all. Saw the news that Amulet Protocol announced their roadmap. Let’s see what this amazing project has in store for us!
If anyone doesn’t know, Amulet is a decentralized insurance protocol that has as its main goal to protect investors’ assets from incidents such as:

Smart Contract Vulnerability: A smart contract failure if the covered protocol is exploited or fails to function as intended.
Stablecoin Depeg: The risk that a stable coin will trade below its peg for an extended period of time. This is currently only available for dollar-based stablecoins.
Slashing: Slashing penalties are not currently implemented in Solana, but the project intends to offer this coverage when this part of the protocol goes live.
NFT, Metaverse, and wallet protection are all in development!
Amulet’s decentralized coverage protocol provides financial security for all users interacting with Web3 financial products.
Of all these risks, smart contract exploits were one of the most significant contributors to the loss of nearly $3B in 2021. By securing these initial types of risks and expanding Amulet’s reach, Amulet aims to create a more secure Web3.

DeFi has not stopped its development since the summer of 2020. As the market volume grows, the demand for risk hedging is also going through its growth phase. Despite the dominance of Ethereum and its associated EVM (Ethereum Virtual Machine) ecosystem in DeFi, other Rust-based public chains are growing rapidly, with Solana leading the way.
However, they are still lacking in Solana and few in the Rust-based space. This represents a unique blue ocean opportunity, which Amulet immediately exploits to meet the growing market demand for security.

As you can see from the picture above, there are 3 main points about Amulet’s operations, these are:

Coverage — Only 2% of digital assets in our industry are protected. Amulet Protocol offers additional protection for your digital assets with a range of solutions, including smart contract vulnerability, Stablecoin depeg and NFT coverage options.
Steaking — Make steaking in Amulet Protocol easy and worry-free. Amulet Protocol has 3 levels of protection between claims and assets. Doing steaking is easy and, more importantly, it has the highest level of security behind it.
Earnings — Amulet Protocol is built on advanced technology. Hybrid claim management will be fully automated in situations such as a Stablecoin de-peg trigger, resulting in payouts. Amulet Protocol also manages claim payouts through its DAO model.
In fact, if you go into details, there is a certain underwriting mechanism, in general it’s a little bit another level, so I won’t talk about it in this article. But the idea of the project is very, very cool!
So, now let’s talk about the road map of the project. Amulet Protocol is happy to present a public roadmap that gives an overview of the plans for the coming months for investors, users and the community!

The current development of Amulet Protocol is focused on the launch of the mainnet. After that, the team will work hard on continuous improvement, aiming to become the mainstream solution for DeFi coverage.

The team has big ambitions. Below is a summary of expected plans from the time the project is announced in April 2022 to the second quarter of 2023.
Now with translation:

Q2–2022:

Announcing the project to the public — 20/4 in Amsterdam ✅
Defining the claims process and how it will work ✅
Develop mechanics to automate the process with our Stablecoin Depeg offering ✅
Q3–2022:

Finalize the design for our coverage offering ✅
Conduct a code audit and threat analysis, Kudelski Security is doing this ⏳.
Launch a test network (expected September 1, 2022) ⏳
Launch of V1 MainNet (expected in late September 2022) ⏳
Completing the risk assessment process (how we analyze and assess the premium) ⏳
Q4–2022:

Launching our analytics and command center 🔜
Launching our Bug Bounty Program 🔜
Q1–2023:

Additional offerings (initial offerings in September are smart contract vulnerabilities and stabelcoin depeg) 🔜
Enabling Amulet notifications in our dApp 🔜]
Launching Amulet Stable Asset Pools 🔜
This roadmap is subject to change, but the project will be sure to notify the community of any changes.