Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency discussions => Incentivised Posting / Shill => Topic started by: Klimovich on March 01, 2023, 10:25:42 AM

Title: Amulet Protocol update from March 2, 2023
Post by: Klimovich on March 01, 2023, 10:25:42 AM
In order to provide cover protection for all in Web3-Smart Contract Vulnerability coverage Wording.

-Amulet will apply the exchange rate at the beginning of the event with implied risk based on the daily average market price of tokens, which is determined at the end of coverage formulations;
-The Excess Fraud Clause has been replaced with a clause that excludes double claims for the same funds;
-Collection clause added to survive termination of coverage to recover any payments if the claimant has already been fully compensated by the other party;
-Replaced the 10% cancellation fee with a simple cancellation fee;
-Expanded Priority Loss coverage. Included funds for loss coverage in a designated smart contract or loss of funds.