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Author Topic: Introducing Amulet Protocol  (Read 2745 times)

0406Antoxa1982

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Re: Introducing Amulet Protocol
« Reply #15 on: September 19, 2022, 05:50:58 PM »


About the Bounty

Amulet is the first insurance protocol for the Rust ecosystem, starting with Solana. They are built as a flexible protocol enabling them to provide many different type of insurance products. Some of their initial insurance products are:

*  Smart Contract Risk

*  Stablecoin de-peg Risk


Amulet ( https://amulet.org/ ) -  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.

What is unique about Amulet

All traditional and DeFi insurance  protocols attack staked / invested funds in order to pay out claims, this diminishes returns and impacts relationships creating an unsustainable model. Amulets unique structure enables them to pay out claims without impacting staked capital.

Enabled by Solana they have designed Protocol-Controlled Underwriting (PCU).

The PCUutilses a proof of stake validator and other methods to generate yields. These Yields are tokenised into their future yield pool creating layers of protection between a claim and your staked assets. Meaning they can always payout claims whilst generating significant yields for stakers.


Current state

Their testnet is functional, but not very intuitive. They have docs, etc., in place but need an extra community review.

Bounty goals

*  Review their documentation, analyze their user flows and interaction.

*  The ultimate aims for Amulet is to make it easy for users to understand the platform and its benefits, and the number of clicks required to purchase, without compromising on use experience.


The result of this bounty will be included in their next release.

Your Goal: Conduct a thorough UI/UX review for Amulet that matches this example - https://yashbhardwaj.notion.site/MeanFi-UX-0db7bf5929504f058d5ab7be8311fdfc in quality. You're welcome to complete this review individually or in teams of 2. Bounties will be split among team members.


Rewards

- First Prize:

*  $2500 USDC

*  Membership in the SuperteamDAO

*  Syndication on our social media


- Second Prize

*  $500 USDC

*  Contributor role in the SuperteamDAO


- Third Prize

*  $250 USDC

*  Contributor role in the SuperteamDAO



Evaluation Criteria

* Depth

   *  Did you identify problems for each screen you examined?

   *  Did you explain what the user goals are for the different areas of the product you're reviewing?

   *  Did you include screenshots of the existing designs?

   *  Did you create a new design that solves the problems you identified?

   *  Did you package your review into a nice presentation (e.g. Notion, Google Slides, Figma, etc.)?


* Submission Requirements

   *  Share your submission on Twitter & tag @superteamdao + @Amulet & use the hashtag #Superteambounty and submit this link in your bounty application.


*  Resources

  *  Amulet Website  -  https://amulet.org/
   
   *  Amulet Blog  -  https://amulet.org/blog

   *  Amulet Testnet  -  https://testnet.amulet.org/underwrite/get

   *  Amulet Discord  -   https://discord.gg/uVnYPMB9DS

   *  For any questions, DM @Abbasshaikh42 on Twitter or @abbas in our Discord


Send Us Your Bounty Submission  -  https://airtable.com/shrBJiFfhKzKYPvlm


Participation in this bounty is entirely voluntary. Bounties are a way to learn and dabble in opportunities to build in web3. These are neither full time jobs nor project based engagement.  Please be advised that the sponsors will not have time for individualized feedback due to the number of entries we receive. Please check out

🏁Superteam Terms of Engagement  -  https://superteam.fun/superteam-terms-of-engagement


About the SuperteamDAO

We help the most promising projects in the Solana ecosystem launch and grow. We are organised as a co-operative of creatives and operators who are experienced in launching and growing technology businesses. Our mission is to bring the benefits of the ownership economy to the creative class (rent your time for tokens, not dollars) while creating flexible work within the structure of a DAO.


Make sure to follow our socials here:

Access our Twitter here:  https://twitter.com/AmuletProtocol

Join our Discord server here: https://discord.gg/uVnYPMB9DS

Follow our Telegram Announcements: https://t.me/amulet_announcement

Subscribe to our YouTube channel here: www.youtube.com/channel/UCHSHZVTy0c3RcKT9-HdOtjA

Follow our Linkedin company profile here: https://www.linkedin.com/company/amuletprotocol/

« Last Edit: September 19, 2022, 06:27:16 PM by 0406Antoxa1982 »

Altcoins Talks - Cryptocurrency Forum

Re: Introducing Amulet Protocol
« Reply #15 on: September 19, 2022, 05:50:58 PM »


0406Antoxa1982

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Re: Introducing Amulet Protocol
« Reply #16 on: September 22, 2022, 09:27:35 PM »
Amulet – Secure Code Review from Kudelski



Amulet Protocol is due to launch on the mainnet very shortly and we’re delighted to provide the report from Kudelski Security publically.

This report is part of our ongoing relationship with Kudelski, more information can be found here:
https://amulet.org/blog/amulet-protocol-and-kudelski-security-announce-new-strategic-relationship-to-tighten-security-within-web3/

Following our successful AmuNation app campaign and TestNet, this is the next stage of our progress before our protocol is fully live. Amulet is a DeFi cover protocol built on Rust based ecosystems starting with Solana. We will provide simple, reliable cover options for everyone in web3 and therefore, it is imperative that we needed to make sure our solution is market ready.

This report from Kudelski, the first of several audits, is ready and allows us to feel confident that our code and security is where it should be for launch.


****************************************

Overview:

Kudelski Security performed a secure code assessment on the Amulet Protocol smart contract system.

The assessment was conducted remotely by the Kudelski Security Team. The source code review took place from 7/14 – 8/11, and focused on the following objectives:


*  Provide the customer with an assessment of their overall security posture and any risks discovered within the environment during the engagement.

*  To provide a professional opinion on code maturity, adequacy, and efficiency of the security measures in place.

*  To identify potential issues and include improvement recommendations based on the results of our review and tests.


Key Findings:

The issues found in the code were LOW or INFORMATIONAL findings. This shows that the overall risk profile of the application at the time of this assessment is low.The following are the major themes and issues identified during the testing period. These, along with other items, within the findings section, should be prioritized for remediation to reduce the risk they pose.

Safe math was used often, but should be used more consistently throughout the code to prevent potential vulnerabilities from being introduced in future updates.

Insurance policy coverage duration, claim expiration dates and claim payout dates may be affected by a lack of precision when dev Epochs are used in place of UNIX time.

Single administrator accounts have significant capabilities. These functions should be limited by requiring multiple signers to prevent collusion. We have been informed that this is currently occurring off-chain, but this should occur on-chain in the future for transparency.During the test, the following positive observations were noted regarding the scope of the engagement:

The code is well organized.

Client contacts were very amenable to conducting joint secure code reviews with the Kudelski Security smart contract auditing team.

Anchor framework usage is very consistent and follows the recommended syntax.

Critical issues in architecture or code logic were discussed immediately via teleconference.


**************************************************

Full Report

To delve deeper into the technical aspects and further findings, we have made the report public for anyone to download.

Access the report here:
https://files.amulet.org/public/AmuletGlobalMTRLabs.pdf

If you have any questions, feel free to contact us on Discord: discord.gg/amuletprotocol
« Last Edit: September 23, 2022, 11:02:05 PM by 0406Antoxa1982 »

Altcoins Talks - Cryptocurrency Forum

Re: Introducing Amulet Protocol
« Reply #16 on: September 22, 2022, 09:27:35 PM »
:)

Dan Crown

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Re: Introducing Amulet Protocol
« Reply #17 on: September 23, 2022, 12:57:25 AM »
Thanks for info. I am glad that Amulet is lo risky and reliable company. Because I participate in Amulet campaign and believe in project.

AkuninArsen

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Re: Introducing Amulet Protocol
« Reply #18 on: September 25, 2022, 05:52:31 AM »
An effective product protection solution in Web3.
Amulet Protocol is a decentralized insurance protocol designed for DeFi, NFT insurance based on Rust. Decentralized risk protection protocols provide financial security for all users interacting with Web3 financial products. They typically cover smart-contract risk, Stablecoin deprivation risk, reduction risk, oracle failures, economic exploits, etc. Smart contract risk is particularly significant because more than $3 billion was lost in 2021 due to smart contract hacks. By offering protection against these more common types of DeFi risk, as well as offerings related to NFT and the meta-universe, users and developers can enjoy a more secure Web3 through Amulet.

Existing DeFi risk protection protocols rely on outside underwriters to provide capital for claims and capacity coverage, creating unique and complex business resiliency issues. Amulet is creating the risk protection industry’s first protocol-controlled underwriting (PCU) approach. This is a significant change from the current underwriting capital lease model.

Weekly reports, frequent AMAs, bounty campaigns and more come together in Amulet Protocol. The project already has many successful partners and investors on its list, you can see many of them below, but this list is updated and added to every day.

Amulet Protocol’s current roadmap is focused on launching a core network.
Q2–2022:

Announcing the project to the public — 20/4 in Amsterdam ✅

Defining the application process and how it will work ✅

Developing mechanics to automate with the Stablecoin Depeg proposal ✅

Q3–2022:

Completing the cover design ✅

Conducting code audits and threat analysis, Kudelski Security is doing this ⏳

Launch of TestNet (expected September 1, 2022) ⏳

Launching V1 MainNet (expected late September 2022) ⏳

Completion of risk assessment process ⏳

Q4–2022:

Launching the Center for Analytics and Governance 🔜

Launching the Bug Bounty program 🔜

Q1–2023:

Additional offerings (initial offerings in September — smart contract vulnerabilities and Stablecoin Depeg) 🔜

Enabling Amulet notifications in our app 🔜

Launching Amulet Stable Asset Pools 🔜

Right now, Amulet Protocol is running its bounty campaign, the AmuNation App. The AmuNation App was created to promote and popularize the project. Users and members can perform various tasks, for which they receive AmuPoints. In the future AmuPoints can be exchanged for good rewards. The application consists of 5 levels. Each level has its own rewards. The more points you earn, the faster you can increase your level.

At the time the app launched, there are currently 5 levels that can be reached:

Beginner AmuNation : The starting point for AmuNation
AmuNation Beginner : Great start, Whitelist!
AmuNation Student : Getting better, time for an Airdrop!
AmuNation Expert : Wow, cool, NFT Bronze!
AmuNation Master: Almost champion! NFT Silver!
Mythical AmuNation : AmuLegend! NFT Gold! Final awards!

TemaVira

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Re: Introducing Amulet Protocol
« Reply #19 on: September 25, 2022, 12:02:46 PM »
Amulet Protocol is a simple and reliable insurance coverage for everyone in Web3. It has over $6 million invested, funds like Animoca Brands, Solana, Coinbase, DeFiance Capital and other top

Literally 2 days ago the team has launched its bounty program, where we get a lot of social tasks, for which we get points and increase our rank. The higher the rank, the better the reward. For example, for the fifth lowest level you can get a gold NFT, which is worth 20$SOL.

What we do?
- Go to the site
- Connecting the purse Phantom
- Start performing tasks, of which there are quite a lot, new tasks will be added.

⚠️You will get AmuPoints, which will be converted into tokens $AMT and NFT. The number of points directly depends on the difficulty of the task and your level.

In addition to the bounty program, you can also get an Early follower role on discord.
Anyone with an Early Contributor role will be rewarded, as the team and moderator have written about repeatedly.


PavelBerec

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Re: Introducing Amulet Protocol
« Reply #20 on: September 26, 2022, 02:11:25 AM »
📜Amulet Protocol is a Defi insurance protocol for the Rust-based ecosystem with initial development on Solana (Cosmos in the near future)

💸The project has raised $6 million in a round led by Animoca Brands, Solana Ventures, Mirana Ventures and others

What to do:

👉 Get on Discord and subscribe to Twitter
Make all kinds of content (memes, infographics, art…) and post it in the #contribute tab
👉 Get “Early Contributor” role


НадБур

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Re: Introducing Amulet Protocol
« Reply #21 on: September 26, 2022, 02:34:09 AM »
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.

0406Antoxa1982

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Re: Introducing Amulet Protocol
« Reply #22 on: September 26, 2022, 04:53:23 PM »
Amulet Bi-Weekly Report #5 (September 13th – September 25th)



Product and Technology

*  TestNet continuation (http://testnet.amulet.org)

*  Audit report from Kudelski released (https://files.amulet.org/public/AmuletGlobalMTRLabs.pdf)

*  Ongoing website development.

*  Ongoing SEO development.

*  Ongoing discussions with the Solana team.

*  Ongoing discussions with security partners.

*  Ongoing claim process front/mid-end integration work.

*  Final details for mainnet launch



Marketing and Business Development


*  Ongoing AmuNation App, our Bounty Campaign (http://amunation.amulet.org)

*  Conducted our bi-weekly AmuNation AMA to another record attendance – first on AmuNation AMA Stage! (Read the recap here)
 
*  Continued our TestNet and opened up feedback and bug reporting on Discord (Read our TestNet blog here)

*  Published our What is an NFT? Blog post (Read here)

*  Published new content from the AmuNation on our YouTube channel

*  Increased Linkedin activity

*  Published our blog to give an insight into how the AmuNation can win one of our NFTs

*  Conducted an AMA with the CryptoMiners community

*  Partnered with Cropper Finance to give our community a chance to win WL spots

*  Partnered with Superteam for a UI/UX bounty program

*  Ongoing Task improvement for the AmuNation app and updated tasks

*  Ongoing Blog development

*  Ongoing Twitter and Discord development

*  Ongoing Linkedin Development

*  Ongoing community engagement development

*  Integrated new robots for better community experience on Discord

*  Successful AmuNation Poker Night with maximum attendance

*  Hit 25k Twitter followers target

*  Hit 25k Discord members target

*  Hit 10k YouTube subs targer

*  Implementing using more design work from the AmuNation for Amulet Social Content (including our new animated icon on Discord)

*  Ongoing marketing discussions with potential partners.

*  Announced as Silver Sponsors for Token 2049 in Singapore

*  Attended Zebu Live in London and gave a panel

*  Attended NEARcon in Lisbon and showcased the Amulet Tesla – Rainbow Starfighter

*  Conducted a Solana Twitter Space – State of the Union

*  Introduced the Amu-Roulette channel on Discord to give more opportunities to win.

*  Achieved being in the Top5 projects on Solana with the highest engagement on Twitter

*  Finished in 2nd place in the Dora Hacks $SOL community challenge

*  Sent out our first ever newsletter



Social Media Statistics

The number in brackets is compared to previous report, Linkedin and YouTube have been added starting this report.

*  Twitter Followers: 27,948 (+6,889)

*  Verified Discord Users: 25,226 (+5,186)

*  Telegram Announcement Members: 1,210 (+275)

*  Linkedin Followers: 6,993 (+1,238)

*  YouTube Subscribers: 10,000+



*  Resources

  *  Amulet Website  -  https://amulet.org/
   
   *  Amulet Blog  -  https://amulet.org/blog

   *  Amulet Testnet  -  https://testnet.amulet.org/underwrite/get

   *  Amulet Discord  -   https://discord.gg/uVnYPMB9DS


MarkShebaT

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Re: Introducing Amulet Protocol
« Reply #23 on: September 26, 2022, 11:22:29 PM »
Hello all, seeing that the community has a lot of questions about the passing testnet decided to roll out a detailed guide with screenshots of each action. But first, a little about the project.
In other words, the project offers products to cover users’ financial risks, which include:

Smart contract hacking risk.
Stablecoin depeg risk
Risk of slashing.
Blockchain oracle failure risk
Future risks of NFT, Metaverse, cryptocurrency wallet
It all looks very tasty — can you imagine how cool it would be if we had coverage for a UST Terra depeg incident? Or for example if some smart contract was hacked we would be paid for the lost funds.

The protocol itself will initially work in Solana network, because TVL (Total Value Locked) grows much faster in this network (5 times faster on average) than in Ethereum. And in general, there is no coverage protocols on Solana, so we can safely say that Amulet decided to take the honorable 1st place here.

Such big market players as gumi Cryptos, Solana Ventures, Animoca Brands, DeFiance Capital and others invested $6 million in the project:
A small digression: the project has launched its AmuNation App bounty program, through which you can earn Amu Points, thereby increasing your level, which leads to earning more valuable prizes.

To motivate you a little, here is a screenshot of how you can get rewards for participation in the bounty 😉
As you see, for 5000 points (AmuNation Expert level) you can get your first bronze NFT from the project. And to get 5000 points you can literally in a few hours with a quality approach.

You know what to do 🔥

Aiggeol

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Re: Introducing Amulet Protocol
« Reply #24 on: September 27, 2022, 03:04:36 AM »
Amulet Protocol as a risk hedging tool in DeFi. Part 2 — more details, investors and tokenomics
Hey there, everyone. Just the other day I wrote about one very interesting and unusual project (unusual — because I personally have not come across such topics), this article was called “Amulet Protocol Project as a risk hedging tool in DeFi. Introduction” and you can read it below 👇
The current post of mine is a logical continuation of the series of articles about the Amulet Protocol project, where I tell and analyze important information about this project.

To begin with a little introduction to refresh your memory of the information, literally in the abstract:

The DeFi sector grew over 27 times in 1.5–2 years ( from $9.7 billion to $261.2 billion)
The massive growth of this sector provokes numerous losses due to hacking, market volatility, holes in smart contracts, etc.
Accordingly, there is a strong demand for risk hedging, the most popular of which is insurance.
A factor forcing the demand for risk hedging is the total volume of TVL on the networks, for example, TVL on Solana grows 5 times faster than on ETH.
And that’s where a project called Amulet Protocol comes on the scene — it’s a DeFi insurance protocol for the Rust-based ecosystem with an initial deployment on Solana.

Amulet is being built with the prospect of simple, reliable insurance for all in Web3. The solution will be the first to be built on the Solana network and has been backed by Solana Ventures, which is also an investor in the project.

Amulet uses Solana’s proof-of-stake network to provide stable returns and insurance services through a unique Protocol Controlled Underwriting and Future Yield Backed Claim mechanism that minimizes risk for capital providers to underwrite.








RSlovetskij

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Re: Introducing Amulet Protocol
« Reply #25 on: September 27, 2022, 05:42:18 AM »
The Amulet protocol
The Amulet protocol is a decentralized Risk Protection Protocol (“RPP”) created for the Rust-based ecosystem starting with the Solana blockchain. Amulet has developed an innovative and open risk protection model that not only effectively addresses common problems of existing decentralized RPPs, but also creates a new paradigm shift for the entire risk protection sector.

It will also address:
1. Smart contract vulnerability: smart contract hacking is a trend of the 21st and 22nd years.
2. Stablecoin Depgs: no comment here, after the UST case, everyone knows that stablcoins are not that stable.
3. Protection of nft and wallets in development.
Very good project, I advise to participate + give away amulets (their NFT).

Beginner (0 level) — he begins the path to the bounty
AmuNation Beginner (1 level 500 points) — the reward for owners of this role — token whitelist for sale of tokens $AMT
AmuNation Student (level 2 2500 points) — rewards are as follows: $5 AMT token for the first 20,000 members and then a 25% bonus for the secret Airdrop.
AmuNation Expert (level 3 5000 points) — the reward is a bronze Amulet NFT.
AmuNation Master (4th level 10000 points) — the award is a silver Amulet NFT.
AmuNation Mhytical (level 5 25000 points) — the award is a gold Amulet NFT.
The main task will be to earn points and receive various awards.

PBoodish

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Re: Introducing Amulet Protocol
« Reply #26 on: September 27, 2022, 07:15:37 AM »
Amulet Protocol
🔥 We have a GEM coming up.

Amulet Protocol is a decentralized risk protection protocol for the Rust-based ecosystem, originally deployed on Solana.

But we don’t care so much about all those terms, what’s important to us is that guys like Solana Venture, DeFiance Capital, Animoca Brands and many more have put $6 million into the project.

Now we are eligible, get tokens, allocation and NFT from this project.

📌 ACTIONS :
- Go to the website and connect via email
- Perform tasks in social networks, there are quite a lot of them, the more you do the better.

We do tasks for which we are given the so-called Amupoints, the more these points — the higher your level, for what level — what is the reward?

- 1 level — allocation
- 2 level — 5 tokens $AMT + 25% bonus for the secret airdrop, not quite understand what the secret airdrop
- Level 3 — Amulet NFT (I understand it costs 2.5 SOL)
- Level 4 — Silver NFT (I understand it costs 5 SOL)
- Level 5 — Gold NFT (I understand it’s worth 20 SOL)

What do you think of the rewards? For all tasks, you can get ~4,000+ points, which means we get to level 2, and have the right to claim 5 tokens $AMT + 25% for the secret drop.








Noskovalc

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Re: Introducing Amulet Protocol
« Reply #27 on: September 27, 2022, 09:23:11 AM »
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.








YesYandexAlisa

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Re: Introducing Amulet Protocol
« Reply #28 on: September 28, 2022, 08:18:27 AM »
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.

AlexObeme

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Re: Introducing Amulet Protocol
« Reply #29 on: September 28, 2022, 11:32:36 AM »
Amulet Protocol
Within the Solana ecosystem, users own $SOL derivative tokens such as $mSOL owned by Marinade.finance and $stSOL owned by Lido.finance. These tokens are important innovations in DeFi as users do not only participate in paid platforms but issue tokens on other platforms throughout the ecosystem.

Amulet has intentionally focused its contribution on this high capital intensive cycle and created an insurance layer on top of the foundation ecosystem — the $SOL token and the Solana PoS cluster. For this platform, $amtSOL will be issued when the user injects their $SOL tokens.
Amulet Managing Token ($AMT).
Allows users to suggest and vote on community proposals. These include, but are not limited to, future reward satisfaction, security validity, target capital requirements, listing of new products, treasury redemption thresholds, and changes to expected outcomes.

The $amtSOL is a revenue-generating token similar to $mSOL, which is accrued on the revenue generated by the Solana PoS rate. Users will also have the option of investing $amtSOL in insurance pools to underwrite insurance products, receive premiums and rewards in $AMT, or invest $amtSOL in a betting pool for rewards in $AMT on the Amulet platform. They can also use $amtSOL to participate in other protocols in the Solana ecosystem to earn additional revenue. With the creation of $amtSOL, Amulet will become part of the Solana ecosystem.
Insurance Token ($aUWT).
As an open DeFi insurance protocol, Amulet also supports other $SOL derivative tokens such as $mSOL, $stSOL, etc. to participate in underwriting.When these $amtSOL, $mSOL, $stSOL are used for insurance underwriting, $aUWT tokens are minted to de-nationalize the token underwriting capabilities.
Derivative SOL tokens are exchanged for $aUWT tokens using the weighted average exchange volume algorithm.

On a DEX (e.g. Saber or Raydium) for that trading pair, including $amtSOL-$SOL, $amtSOL-$mSOL, $amtSOL-$stSOL, $amtSOL-$aUWT, $mSOL-$aUWT, and $stSOL-$aUWT. Users can change their original tokens from the protocols or redeem their important Amulet.


 

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