February news from the Amulet Protocol

[Klimovich]

Project Amulet Protocol continues to develop and delight us with its achievements:
1. Twitter followers hit the 45k mark
2. Growth on YouTube +900
3. On Discord +340
4. Added 5 languages to Diskord project: Nigerian, Romanian, Hebrew, Portuguese and Urdu
5. Created interactive map of the project's community growth
6. AmuNation users were given 14 free spins, in honor of Valentine's Day.

[egotri37]

4.2.1 Amulet $SOL ($amtSOL)
Within the Solana ecosystem, there are several $SOL derivatives such as $mSOL (from
Marinade.finance) and $stSOL (from Lido.finance). These liquid staking tokens are
significant DeFi innovations since they allow users to stake their $SOL on the network
and still be able to participate and continue earning yield from Solana DeFi protocols.
Amulet intends to offer a separate $SOL liquid staking solution to users in the form of
$amtSOL and build the ecosystem's protective layer backed by $SOL and the Solana
PoS cluster.

Like $mSOL, $amtSOL is a yield bearing token which accrues yield generated by PoS
staking on Solana. Users have the option to stake $amtSOL in underwriting pools to
underwrite cover products and earn cover payments plus $AMT rewards or stake their
$amtSOL in the $amtSOL staking pool to earn $AMT rewards. $amtSOL can also be
used to participate and earn additional yield from other protocols in the Solana
ecosystem.

4.2.2 Underwriting Token ($aUWT)
As an open DeFi RPP, Amulet also supports other $SOL derivatives such as $mSOL,
$stSOL, etc. for backing its synthetic underwriting token $aUWT.
$aUWT tokens are minted to unify the underwriting capabilities $SOL derivatives
staked in Amulet's undewriting pool. The $SOL derivatives are exchanged for $aUWT
using Amulet's volume-weighted average algorithm.

Users can either swap in and out of the $aUWT positions through trading pairs on
external DEXs (e.g. Saber or Raydium) such as $amtSOL-$SOL, $amtSOL-$mSOL,
$amtSOL-$stSOL, $amtSOL-$aUWT, $mSOL-$aUWT, and $stSOL-$aUWT, or redeem
their $aUWT directly from Amulet.

4.2.3 Underwriting Structure
Unlike some existing RPPs that use a combination of common underwriting pools and
individual pools for cover products, Amulet will use individual pools for each product.
That way, users can choose one or multiple pools to underwrite by staking their $aUWT
into specific product pools. An initial leverage factor of 1.5 will be applied to limit the
underwriting capabilities of $aUWT. Thereafter, the leverage factor can be adjusted
according to governance.

In exchange for providing underwriting capital, users will be eligible for sharing in the
cover payments generated by the individual underwriting pools they are in as well as
$AMT rewards. $aUWT holders may also receive additional token rewards when
staking their $aUWT in the underwriting pool of a covered protocol who is
participating in Amulet's Cover Acceleration Program

[Klimovich]

At AmuNation, you can also try your luck and spin FreeSpin, where there are a variety of rewards from free spins and points, to the NFT project.
You can also get amupoints by actively participating in the life of the project.
Every day there are a variety of games: quizzes, puzzles, chess, poker and many others.