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Announcements [ANN] / Re: Introducing Amulet Protocol
« on: September 28, 2022, 11:32:36 AM »
Amulet Protocol
Within the Solana ecosystem, users own $SOL derivative tokens such as $mSOL owned by Marinade.finance and $stSOL owned by Lido.finance. These tokens are important innovations in DeFi as users do not only participate in paid platforms but issue tokens on other platforms throughout the ecosystem.
Amulet has intentionally focused its contribution on this high capital intensive cycle and created an insurance layer on top of the foundation ecosystem — the $SOL token and the Solana PoS cluster. For this platform, $amtSOL will be issued when the user injects their $SOL tokens.
Amulet Managing Token ($AMT).
Allows users to suggest and vote on community proposals. These include, but are not limited to, future reward satisfaction, security validity, target capital requirements, listing of new products, treasury redemption thresholds, and changes to expected outcomes.
The $amtSOL is a revenue-generating token similar to $mSOL, which is accrued on the revenue generated by the Solana PoS rate. Users will also have the option of investing $amtSOL in insurance pools to underwrite insurance products, receive premiums and rewards in $AMT, or invest $amtSOL in a betting pool for rewards in $AMT on the Amulet platform. They can also use $amtSOL to participate in other protocols in the Solana ecosystem to earn additional revenue. With the creation of $amtSOL, Amulet will become part of the Solana ecosystem.
Insurance Token ($aUWT).
As an open DeFi insurance protocol, Amulet also supports other $SOL derivative tokens such as $mSOL, $stSOL, etc. to participate in underwriting.When these $amtSOL, $mSOL, $stSOL are used for insurance underwriting, $aUWT tokens are minted to de-nationalize the token underwriting capabilities.
Derivative SOL tokens are exchanged for $aUWT tokens using the weighted average exchange volume algorithm.
On a DEX (e.g. Saber or Raydium) for that trading pair, including $amtSOL-$SOL, $amtSOL-$mSOL, $amtSOL-$stSOL, $amtSOL-$aUWT, $mSOL-$aUWT, and $stSOL-$aUWT. Users can change their original tokens from the protocols or redeem their important Amulet.
Within the Solana ecosystem, users own $SOL derivative tokens such as $mSOL owned by Marinade.finance and $stSOL owned by Lido.finance. These tokens are important innovations in DeFi as users do not only participate in paid platforms but issue tokens on other platforms throughout the ecosystem.
Amulet has intentionally focused its contribution on this high capital intensive cycle and created an insurance layer on top of the foundation ecosystem — the $SOL token and the Solana PoS cluster. For this platform, $amtSOL will be issued when the user injects their $SOL tokens.
Amulet Managing Token ($AMT).
Allows users to suggest and vote on community proposals. These include, but are not limited to, future reward satisfaction, security validity, target capital requirements, listing of new products, treasury redemption thresholds, and changes to expected outcomes.
The $amtSOL is a revenue-generating token similar to $mSOL, which is accrued on the revenue generated by the Solana PoS rate. Users will also have the option of investing $amtSOL in insurance pools to underwrite insurance products, receive premiums and rewards in $AMT, or invest $amtSOL in a betting pool for rewards in $AMT on the Amulet platform. They can also use $amtSOL to participate in other protocols in the Solana ecosystem to earn additional revenue. With the creation of $amtSOL, Amulet will become part of the Solana ecosystem.
Insurance Token ($aUWT).
As an open DeFi insurance protocol, Amulet also supports other $SOL derivative tokens such as $mSOL, $stSOL, etc. to participate in underwriting.When these $amtSOL, $mSOL, $stSOL are used for insurance underwriting, $aUWT tokens are minted to de-nationalize the token underwriting capabilities.
Derivative SOL tokens are exchanged for $aUWT tokens using the weighted average exchange volume algorithm.
On a DEX (e.g. Saber or Raydium) for that trading pair, including $amtSOL-$SOL, $amtSOL-$mSOL, $amtSOL-$stSOL, $amtSOL-$aUWT, $mSOL-$aUWT, and $stSOL-$aUWT. Users can change their original tokens from the protocols or redeem their important Amulet.