Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Incentivised Posting / Shill => Topic started by: OksanaEvggg on October 29, 2022, 04:06:39 PM
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The Amulet Protocol was created to protect Web3 users' digital assets. The protocol was announced in April 2022 and is designed for the Rust ecosystem, including the Solana blockchain. Its developers created an innovative risk prevention system, which is designed to solve current RPP problems and set a new stage in the development of technologies related to tracking and eliminating any threats. One of the key ones is the problem of risk underwriting sustainability.
Amulet offers a simple and effective way to combat them, based on a new protocol-controlled underwriting (PCU) approach. Other existing protocols rely on external underwriters, making them less reliable. The new model also has the potential to scale steadily. The protocol is capable of preventing smart contract exploits, stabelcoin tethering, slashing, and more.
The protocol offers users not only a high degree of security, but also the ability to earn tokens through stealing. It has 3 levels of protection between claims and assets, so users' funds are secure. Interestingly, all transactions are automated, and Amulet Protocol manages claims payments through its DAO model. These advanced technologies make it even more secure.
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And I would like to add why crypto-coverage is needed in the crypto industry in De-fi!
Given the recent increase in crypto-related crimes, DeFi cover is a worthy investment. Amulet has developed the first Protocol-Controlled Reserves (PCR) approach in the whole risk protection industry, which offers protection from smart contract vulnerability and soon stablecoin depeg, and slashing. Amulet is also looking and assessing the fundamentals for a Wallet Cover. So, if you have invested in crypto, now is the time to protect it against would-be thieves and hackers.