Project Amulet Protocol Secure your digital assets

[Klimovich]

Project Amulet Protocol (the first DeFi coverage protocol on Solana), provides an additional layer 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 advantages of decentralized coverage?
1. Increased efficiency
2. Reduced costs
3. Improved safety
4. Transparency
5. Flexibility

[egotri37]

Amulet Protocol was announced in April 2022 with our solution to provide simple, reliable cover for everyone in web3. The response has been exceptional and we’ve watched as the AmuNation (our community) has grown over the last couple of months.

As a community-focused protocol, we’ve been working really hard behind the scenes to create a bounty experience unlike any other. We’re excited to launch our AmuNation App, a daily task/challenge application that helps you earn AmuPoints and turns our community building into a game.

As this is a different concept, we’ve created this blog to help you understand what to do and how to get rewarded for all your work!

Cover
Only 2% of digital assets in our industry are protected. Amulet Protocol offers additional protection to your digital assets with an array of solutions including smart contract vulnerability, stablecoin de-peg and NFT cover options.

Stake
Easily stake with peace of mind on Amulet Protocol. Amulet Protocol has 3 layers of protection between claims and assets. Staking is easy to do and more importantly, with the highest level of security behind it.

Earn
Amulet Protocol is built on advanced technology. Our hybrid claims management will see full automation on situations such as a trigger of a stablecoin depegging leading to payouts. Amulet Protocol also manages claim payouts through its DAO model.