Amulet Protocol as a risk hedging tool in DeFi. Part 2 — more details, investors and tokenomics
Hey there, everyone. Just the other day I wrote about one very interesting and unusual project (unusual — because I personally have not come across such topics), this article was called “Amulet Protocol Project as a risk hedging tool in DeFi. Introduction” and you can read it below 👇
The current post of mine is a logical continuation of the series of articles about the Amulet Protocol project, where I tell and analyze important information about this project.

To begin with a little introduction to refresh your memory of the information, literally in the abstract:

The DeFi sector grew over 27 times in 1.5–2 years ( from $9.7 billion to $261.2 billion)
The massive growth of this sector provokes numerous losses due to hacking, market volatility, holes in smart contracts, etc.
Accordingly, there is a strong demand for risk hedging, the most popular of which is insurance.
A factor forcing the demand for risk hedging is the total volume of TVL on the networks, for example, TVL on Solana grows 5 times faster than on ETH.
And that’s where a project called Amulet Protocol comes on the scene — it’s a DeFi insurance protocol for the Rust-based ecosystem with an initial deployment on Solana.

Amulet is being built with the prospect of simple, reliable insurance for all in Web3. The solution will be the first to be built on the Solana network and has been backed by Solana Ventures, which is also an investor in the project.

Amulet uses Solana’s proof-of-stake network to provide stable returns and insurance services through a unique Protocol Controlled Underwriting and Future Yield Backed Claim mechanism that minimizes risk for capital providers to underwrite.