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Topics - midux

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Amulet Protocol is a decentralized insurance protocol built for the Rust-based ecosystem, starting with the Solana blockchain. Amulet has designed an innovative and open insurance model, which not only effectively addresses the common challenges of existing decentralized insurance protocols, but also creates a new paradigm shift for the whole insurance sector. Risk underwriting and insurance claim lies at the core of any insurance business; however, all existing decentralized finance (DeFi) insurance protocols have been facing a critical sustainability challenge for risk underwriting and claims. Amulet is creating the industry’s first Protocol-Controlled Underwriting (PCU) approach, in which Amulet will build up its own underwriting capabilities and introduce a claim structure involving a unique Yield Backed Claim (YBC) method. This is a significant deviation from the incumbent insurance models of renting underwriting capability from capital providers to a more sustainable underwriting and claim structure controlled by the protocol. The vision of Amulet is to offer simple, reliable insurance for everyone in Web3. With the addition of Amulet, users in the entire Rust-based ecosystem will gain access to a new way to hedge various risks with insurance product offerings.

BTW Amunation bounty is ongoing

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AmuNation App is our application for the AmuNation to make it fun and appealing to promote our project while being rewarded with AmuPoints that can be collected and exchanged for eye-watering rewards.

Our gamified community app has levels leading up to the most-rewarding Level 5. Each day, our community can return to the AmuNation App to complete simple tasks which will be rewarded with AmuPoints. The more points earned, the quicker you can level up.

Each level within the app has its own rewards and the top 3 levels unlock incredible Amulet NFTs which have value and also increases the status of the community member. Our NFTs enable great perks and secures your place in the heart of the AmuNation.

In simple, our AmuNation app is a bounty app that truly rewards the dedication of the hard work undertaken by the user.

As of the launch of the app, we currently have 5 levels that can be achieved:

AmuNation Newbie: The starting point for the AmuNation
AmuNation Beginner: Excellent start, Whitelist!
AmuNation Student: Getting better, Airdrop time!
AmuNation Expert: Wow, doing awesome, NFT Bronze!
AmuNation Master: Nearly a champ! NFT Silver!
AmuNation Mythical: AmuLegend! NFT Gold! Ultimate Rewards!

The most dedicated AmuNation members will receive the highest accolade for their true grit and determination in promoting Amulet Protocol to the max!

As of the launch of our bounty campaign, there are three types of Amulet NFTs:

Gold: Highest rewards and cost.
Silver: Mid range rewards and cost.
Bronze: Lowest rewards and cost.

Sign up to the AmuNation App here: amunation.amulet.org

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Amulet Protocol
Amulet Protocol announces a strategic partnership with Project Serum, who continue BUIDL on Solana

Amulet and Serum are pleased to announce their formal strategic partnership, strengthening ties with the Solana ecosystem.

Simple, reliable insurance for Web3 meets faster, cheaper and more powerful DeFi as Amulet and Serum announce their official partnership.

Amulet will launch on the main network in late September, initially on the Solana blockchain, and then become a true cross-chain coverage protection solution. Serum is a protocol and ecosystem that provides unprecedented speed and low transaction costs for decentralized finance.

Serum was created on the Solana blockchain and is completely permissionless. Serum has watched DeFi grow over the past couple of years, especially the growth of DEX on Ethereum, and noticed limitations for users and developers due to exorbitant gas fees and slow transactions. As a result, Serum was born to address these issues and improve issues of centralization, capital inefficiencies, and liquidity segmentation.

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