Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Incentivised Posting / Shill => Topic started by: Klimovich on April 05, 2023, 10:10:32 AM
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Decentralized insurance from Amulet Protocol
The Amulet Protocol project (the first DeFi coverage protocol on Solana), provides an additional level of security for your digital assets.
The way of decentralized insurance is that network participants create and maintain an insurance pool. Each participant contributes to the pool, and when a claim is made, the funds are distributed among the participants. This system is automated and transparent, as all transactions are recorded in the blockchain and are visible to everyone in the network.
What are the main benefits of decentralized coverage?
1. Increased efficiency
2. Reduced costs
3. Improved safety
4. Transparency
5. Flexibility