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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Amulet - defi web3 cover protocol on: September 11, 2022, 01:33:11 PM
I would like to add to the comment above.
This project will solve:
1. Vulnerability of smart contracts: hacking of smart contracts is a trend of the 21st and 22nd years.
2. Dispatches of stablecoins: there are no comments here, after the UST case, everyone knows that stablecoins are not so stable.
3. Protection of NFT and wallets in development.
And
Risk underwriting and claims coverage are at the heart of any risk protection business. However, all existing Decentralized Finance RPPs ("DeFi") have faced a critical resiliency issue with respect to risk underwriting and claims coverage.
Amulet is creating an industry-first approach to risk protection based on protocol-controlled reserves ("PCR") in which Amulet will build reserves and implement a claims structure that incorporates a unique yield justification method ("YBC"). This is a significant change from the existing model of simply raising underwriters' capital directly to pay claims.
Social network:
Twitter - https://twitter.com/AmuletProtocol
Website - https://amulet.org/
If you are interested, then here is a complete guide - https://teletype.in/@metisovich/hhB6jjZ9wuD
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