Introducing Amulet Protocol

[Moofasa]

The amulet has a bounty program where you can get points for activity. on Sunday, new tasks were added, for example, to make a meme, I advise you to participate.

[marginero]

Amulet Protocol ("Amulet") is a decentralized risk protection protocol ("RPP") built for Rust-based ecosystems, starting with the Solana blockchain. Amulet has designed an innovative and open risk protection model which not only effectively addresses the common challenges of existing decentralized RPPs, but also creates a new paradigm shift for the whole risk protection sector.

Amulet's vision is to offer Simple, Reliable Cover 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 cover product offerings.

[hovik]

I would like to add that there is still 2 weeks to receive a contributor early. Also, contests, quizzes and various games where you can farm points are held every day in the discord

[KinGeri]

Amulet’s initial deployment will be on Solana given its rapid growth and potential. Amulet also plans ambitions to expand to other Rust-based ecosystems such as Near
and Cosmos, offering protection to user and protocols on other chains. Amulet firmly believes that risk protection solutions should be made available to all
users and protocols regardless of the chain they operate in. It aims to create the safety standard for users and the adoption of blockchain technologies.

[marginero]

Want to add some important information about investors.
Amulet Protocol is a Rust-based DeFi insurance protocol built on the Solana blockchain. Investors: Solana Ventures, DeFiance Capital, Animoca Brands, Republic, ZBS Capital, LongHash Ventures and others.
If such serious names are interested in this project, then you should too

[Moofasa]

Great project! Every day there are games and activities in discord, a cool community. The bounty program is still going on, I advise you to come in.

[KinGeri]

Cover Acceleration Program

In order to bootstrap underwriting capacity for certain products and generate higher returns for underwriters, Amulet's Cover Acceleration Program (CAP) will engage with covered protocols' teams to accelerate cover adoption.

For example, when smart contract cover is launched for Protocol A, its initial price may be high due to limited capacity as underwriters may not have as strong an incentive to back the risk versus older cover products. Protocol A can incentivize underwriters with its native tokens or other rewards and additionally $AMT rewards jointly sponsored with Amulet. This helps to increase Amulet's cover capacity and reduce costs for cover purchaser while underwriters earn more rewards. Additionally, pool rewards allocated by Protocol A may serve as an additional buffer against claim payouts.

The CAP will initially apply to Smart Contract Cover before expanding to other cover products on Amulet. As Amulet sees it, everyone stands to benefit from the CAP. Users have access to more options for risk protection, protocols are able to attract more users, underwriters safely earn rewards on their principal, and Amulet is able to extend and expand its product offerings to more users.

[hovik]

Some statistics for the last week
Amulet MainNet Stats:

616 Covers Sold (+87)
Total Cover Amount: $110,491 (+$59,690)
TVL: $370K* (+$37k)
*TVL accurate on November 8th after a drop in the price of SOL. On 7th of November it was approximately over $420k.

[KinGeri]

Amulet
Amulet is a new DeFi (decentralized finance) coverage protocol for Rust-based ecosystems.

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

At its core, Amulet has developed a solution to bridge the gap between those who invest in underwriting and those who buy coverage.

Invested: $6M
Investors: lead: Cryptos Capital, with participation from Republic Capital, Solana Ventures, DeFiance Capital, Animoca Brands, United Overseas Bank, Signum Capital, Mirana Ventures, NGC Ventures, LongHash Ventures, SevenX Ventures, CMT Digital, Matrixport Ventures, a41 Ventures, Solar Eco Fund, Daedalus, Cobo Wallet and Re7 Capital.

[Moofasa]

The amulet is a great project. Now there is a bounty program and you can get nft. And until the 16th day, you can still get the role of an early contributor.

[hovik]

NFT metabears are already available to early project participants. They carry a lot of value and look epic. The bounty program is still ongoing and there is still time to join the community

[marginero]

AMT is Amulet's governance token. It primarily gives $AMT token holders the right to vote and participate through governance in the protocol's development and initiatives
such as but limited to treasury utilization and rewards distribution, claim validity, target capital requirements, new products listing, treasury buyback thresholds, determining future protocol objectives, etc.

[Moofasa]

Great project! The other day I got the role of an early contributor. Now, by the way, there is a draw on Twitter, you can win 2.5 solans.

[Moofasa]

Today there are new tasks in the bounty program. Create a meme, I already did) and next week there will be a mint of bears for the role of an early contributor.

[Nikita4S]

It's a great and friendly community and they play a lot of games, by the way. There was even once KC, but there were problems with the server, so it did not work, and the most frequent game with them - it seems to me puzzles