An effective product protection solution in Web3.
Amulet Protocol is a decentralized insurance protocol designed for DeFi, NFT insurance based on Rust. Decentralized risk protection protocols provide financial security for all users interacting with Web3 financial products. They typically cover smart-contract risk, Stablecoin deprivation risk, reduction risk, oracle failures, economic exploits, etc. Smart contract risk is particularly significant because more than $3 billion was lost in 2021 due to smart contract hacks. By offering protection against these more common types of DeFi risk, as well as offerings related to NFT and the meta-universe, users and developers can enjoy a more secure Web3 through Amulet.

Existing DeFi risk protection protocols rely on outside underwriters to provide capital for claims and capacity coverage, creating unique and complex business resiliency issues. Amulet is creating the risk protection industry’s first protocol-controlled underwriting (PCU) approach. This is a significant change from the current underwriting capital lease model.

Weekly reports, frequent AMAs, bounty campaigns and more come together in Amulet Protocol. The project already has many successful partners and investors on its list, you can see many of them below, but this list is updated and added to every day.

Amulet Protocol’s current roadmap is focused on launching a core network.
Q2–2022:

Announcing the project to the public — 20/4 in Amsterdam ✅

Defining the application process and how it will work ✅

Developing mechanics to automate with the Stablecoin Depeg proposal ✅

Q3–2022:

Completing the cover design ✅

Conducting code audits and threat analysis, Kudelski Security is doing this ⏳

Launch of TestNet (expected September 1, 2022) ⏳

Launching V1 MainNet (expected late September 2022) ⏳

Completion of risk assessment process ⏳

Q4–2022:

Launching the Center for Analytics and Governance 🔜

Launching the Bug Bounty program 🔜

Q1–2023:

Additional offerings (initial offerings in September — smart contract vulnerabilities and Stablecoin Depeg) 🔜

Enabling Amulet notifications in our app 🔜

Launching Amulet Stable Asset Pools 🔜

Right now, Amulet Protocol is running its bounty campaign, the AmuNation App. The AmuNation App was created to promote and popularize the project. Users and members can perform various tasks, for which they receive AmuPoints. In the future AmuPoints can be exchanged for good rewards. The application consists of 5 levels. Each level has its own rewards. The more points you earn, the faster you can increase your level.

At the time the app launched, there are currently 5 levels that can be reached:

Beginner AmuNation : The starting point for AmuNation
AmuNation Beginner : Great start, Whitelist!
AmuNation Student : Getting better, time for an Airdrop!
AmuNation Expert : Wow, cool, NFT Bronze!
AmuNation Master: Almost champion! NFT Silver!
Mythical AmuNation : AmuLegend! NFT Gold! Final awards!