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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Amulet - defi web3 cover protocol on: September 26, 2022, 09:39:58 PM
Hello all, seeing that the community has a lot of questions about the passing testnet decided to roll out a detailed guide with screenshots of each action. But first, a little about the project.
In other words, the project offers products to cover users’ financial risks, which include:

Smart contract hacking risk.
Stablecoin depeg risk
Risk of slashing.
Blockchain oracle failure risk
Future risks of NFT, Metaverse, cryptocurrency wallet
It all looks very tasty — can you imagine how cool it would be if we had coverage for a UST Terra depeg incident? Or for example if some smart contract was hacked we would be paid for the lost funds.

The protocol itself will initially work in Solana network, because TVL (Total Value Locked) grows much faster in this network (5 times faster on average) than in Ethereum. And in general, there is no coverage protocols on Solana, so we can safely say that Amulet decided to take the honorable 1st place here.

Such big market players as gumi Cryptos, Solana Ventures, Animoca Brands, DeFiance Capital and others invested $6 million in the project:
A small digression: the project has launched its AmuNation App bounty program, through which you can earn Amu Points, thereby increasing your level, which leads to earning more valuable prizes.

To motivate you a little, here is a screenshot of how you can get rewards for participation in the bounty 😉
As you see, for 5000 points (AmuNation Expert level) you can get your first bronze NFT from the project. And to get 5000 points you can literally in a few hours with a quality approach.

You know what to do 🔥
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