Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Incentivised Posting / Shill => Topic started by: Klimovich on February 17, 2023, 07:19:34 AM
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Amulet Protocol is committed to providing protection for everyone on the Web3.
The project regularly reviews current processes and strives to improve overall service.
The wording in the Smart Contracts Vulnerability document has been updated to clarify some terminology and improve future suggestions!
Feel free to contact the team with any questions. ;D
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Its very good news! i am happy)
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Amulet was created with the promise of simple, secure insurance for all on Web3. The solution will be the first to be built on the Solana network and was backed by Solana Ventures, also investors in the project.
In simple terms, Amulet will be used to insure against smart contract vulnerabilities, Stablecoin depegs, credit protocol defaults, etc. Something that could take root and be in demand.
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Amulet Protocol is a decentralized risk protection protocol for the Rust-based ecosystem, originally deployed on Solana.
What risks does Amulet Protocol cover?
Smart Contract Vulnerability: smart contract failure if the covered protocol does not function as intended.
Stablecoin Depeg: the risk that a Stablecoin will trade below its peg for an extended period of time.
Slashing: slashing penalties are not currently implemented in Solana, but the project team intends to offer this coverage when this part of the protocol begins to work.
Also in development: NFT, Metaverse, and wallet insurance are.