Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Incentivised Posting / Shill => Topic started by: zhuwei on December 04, 2022, 09:08:20 PM
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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. Risk underwriting and insurance claim lies at the core of any insurance business; however, all existing decentralized finance (DeFi) insurance protocols have been facing a critical sustainability challenge for risk underwriting and claims. 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.
BTW Amunation bounty is ongoing
thanks
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The Amulet Protocol project has an AmuNation program. By completing tasks you can reach different skill levels, for which you will receive rewards.
There will be a total of 5 levels:
1 level - an allocation to a sale
2 level - 5 tokens $AMT + some bonus
3 level - Amulet NFT (worth 2.5 SOL)
4 level - Silver NFT (worth 5 SOL)
5 level - Gold NFT (worth 20 SOL)
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Hi everyone, I really like the Amulet Protocol project.
Besides the cool idea of insuring risks on the crypto market for users, the project has a cool program called AmuNation.
Where you have to perform various tasks and get points for it.
The points will then be implemented in the form of an NFT.
This is a collection of bears. Very cool! :D