Amulet - defi web3 cover protocol

[Ilya Hello.Crypto]

Hey. I want to introduce you to an interesting project (Terra UST cholerae will cry now) - Defi Amulet insurance protocol.  Simple, Reliable Cover For Everyone in Web3. Maximum protection and yield, fully protected through Protocol Controlled Underwriting.

In September we plan to launch a mainnet, so I keep you informed about this event. There will be a project token in the future.

You can read more about the project on website https://amulet.org/ or in discord https://discord.gg/xc3tUjTmbc

[Irik13515]

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

[TokensandCoins]

Amulet Protocol is Simple, Reliable Cover For Everyone in Web3
Maximum protection and yield, fully protected through Protocol Controlled Underwriting

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 mode.

Earn points:
https://amunation.amulet.org/home

Try Testnet:
https://testnet.amulet.org/earn/sol-staking

Our Discord:
https://discord.com/invite/amuletprotocol

[xhinis]

Only project in Solana network with real use in our life. Amulet has designed an innovative and open insurance model, which not only effectively addresses the common challenges of existing decentralized insurance protocols, but also creates a new paradigm shift for the whole insurance sector.

[TokensandCoins]

Amulet’s 2022 – 2023 Roadmap

Q2 – 2022:
Project Announcement to Public – 20/4 in Amsterdam.
Defining the claim process and how it would work.
Working out the mechanics to allow for automation with our Stablecoin Depeg offering.

Q3 – 2022:
Finalise the design for our cover offering.
Undertake Code Audit and Threat Analysis, this is being done by Kudelski Security.
TestNet Launch (Expected 1st September 2022).
V1 MainNet Launch (Expected end of September 2022).
Complete our Risk Assessment process (How we analyse and score for premium).

Q4 – 2022:
Launch of our Analytics and Command Center.
Launch of our Bug Bounty Program.

Q1 – 2023:
Additional Offerings (original offerings in September are Smart Contract Vulnerability and Stablecoin Depeg).
Enabling Amulet Notifications on our dApp.
Amulet Stable Asset Pools launch.

[TokensandCoins]

AmuNation App is our application for the AmuNation to make it fun and appealing to promote our project while being rewarded with AmuPoints that can be collected and exchanged for eye-watering rewards.

Our gamified community app has levels leading up to the most-rewarding Level 5. Each day, our community can return to the AmuNation App to complete simple tasks which will be rewarded with AmuPoints. The more points earned, the quicker you can level up.

Each level within the app has its own rewards and the top 3 levels unlock incredible Amulet NFTs which have value and also increases the status of the community member. Our NFTs enable great perks and secures your place in the heart of the AmuNation.

In simple, our AmuNation app is a bounty app that truly rewards the dedication of the hard work undertaken by the user.

As of the launch of the app, we currently have 5 levels that can be achieved:

AmuNation Newbie: The starting point for the AmuNation
AmuNation Beginner: Excellent start, Whitelist!
AmuNation Student: Getting better, Airdrop time!
AmuNation Expert: Wow, doing awesome, NFT Bronze!
AmuNation Master: Nearly a champ! NFT Silver!
AmuNation Mythical: AmuLegend! NFT Gold! Ultimate Rewards!

The most dedicated AmuNation members will receive the highest accolade for their true grit and determination in promoting Amulet Protocol to the max!

As of the launch of our bounty campaign, there are three types of Amulet NFTs:

Gold: Highest rewards and cost.
Silver: Mid range rewards and cost.
Bronze: Lowest rewards and cost.

Sign up to the AmuNation App here: https://amunation.amulet.org/

[TokensandCoins]

Amulet, the first rust-based DeFi risk protection protocol, raises $6m in seed funding, led by gumi Cryptos Capital. 

Investors

The seed round is led by gumi Cryptos Capital, joined by Republic Capital, Solana Ventures, DeFiance Capital, Animoca Brands, UOB and Signum Ventures, Mirana Ventures, NGC, Longhash, Signum, SevenX Ventures, Digital Strategies, CMT Digital, Matrixport Ventures,  a41 Ventures,  Solar Ecofund, Daedalus Angels, Cobo Wallet, Re7 Capital, NetZero Capital and a few ecosystem partners such as Serum and Acala Network.

Amulet is being built with a vision of simple, reliable cover for everyone in Web3. The solution will be the first built on the Solana network and has been supported by Solana Ventures, who are also investors in the project. 

Partners

Serum, Port, Tulip, Francium, Delta, Kudelski.

Amulet utilises Solana’s PoS network to provide stable returns and provide cover services with their unique Protocol Controlled Underwriting and Future Yield Backed Claim mechanism, which minimizes the risk for the underwriting capital providers.   

In 2021, there was over $10bn lost due to various hacks and frauds in the crypto space, including $2.6bn in exploits on DeFi protocols (according to this Immunefi report). A lack of sustainable design and coverage gaps has led to cover options being persistently undervalued in the DeFi space and as a result, very little of that “lost money” has been recovered. This is a concern in the wider world too, for Metaverse, GameFi and the broader WEB3 space. 

The market needs better cover solutions and until the launch of Amulet, there has yet to be an offering available to DeFi investors. Amulet will be the first Rust-based DeFi risk protection protocol, initially deployed on Solana, and has been built to address the high market demand.

Amulet will adopt a multi-chain strategy and deploy to other non-EVM based ecosystems along the road.

Amulet is also targeting to be the first protocol to offer GameFi & NFT asset cover, Metaverse life and Property cover, and other protections for the rising WEB3 world. 

[AxelRibbon]

AMULET PROTOCOL
What is an amulet (AMT)? AMT. Cryptocurrency details
What is an amulet?
Amulet Protocol is Defu’s first insurance protocol for the Rust-based ecosystem. The project will initially run on the Solana blockchain and provide an insurance solution for everyone in Web3.
As Solana has become the primary Tier 1 solution, Amulet anticipates the need for insurance and other risk management solutions in Solana and broader Rust-based ecosystems to soon see their own boom.

This presents Amulet with a huge opportunity to meet the market’s growing need for security. The project is also backed by Solana Ventures, which is also an investor in the project.

What’s special about Amulet?
Some of Amulet’s key features are
A planned ecosystem with multiple tokens.
Users can protect the blockchain in multiple ways with a protocol that protects investors and secures payments using a protocol-controlled underwriting value (PCUV) unique to Amulet.
Provide smart contract assurance and cancel stablenecking of stablenecking. Soon we will provide real estate insurance for NFT, Metaverse and fi game.
A multi-chain and scalable strategy focused on the Rust ecosystem.
PCUV summary.
Underwriting and claims are at the heart of any insurance business. However, all existing Decentralized Finance Insurance (DeFi) protocols face a major sustainability challenge in terms of underwriting and claims.

Amulet is creating the industry’s first PCUV approach. In it, Amulet will create its own underwriting capability and present a claims structure that includes multiple levels of completion. This is a significant departure from established underwriting outsourcing models from capital providers to a more sustainable underwriting structure and protocol-based claims.

PCUV accumulates a pool of secured income claims — a pool of earnings claims, treasuries and other classes of reserves to mitigate losses from deposit capital. In other words, the protocol develops and manages risk on both sides of the bilateral insurance market (for users and creators).

Thus, a larger asset base generates more platform income, which is loaded to users -> This attracts more capital -> All while balancing the needs of platform users one by one in a sustainable manner.

AMT Tokenomics
Key Metrics.
Ticker: AMT.
Blockchain: Solana.
Standard token: SPL.
Token type: utility, management.
Total supply: 1,000,000,000 XNUMX AMD.

Example of token usage.
Contribute to the protocol management of development initiatives, including use of funds, reward distribution plans, plans, etc.
Revenue Sharing: Amulet will share the revenue generated with the AMT token holder. A portion of the treasury revenue will go to long-term AMT holders.
Future AMT Reward Increase: Initial parameters will have a set of staker reward levels.
Membership and Loyalty Program: Amulet will create a membership and loyalty program for token holders.

Hosting AMT brand wallet
You can save to Coin98 wallet.

Enter the Coin98 wallet referral ID as “C98NBDN89Q” to support BTA.

Team Amulets

Amulet is built from the ground up and led by Rupert Barksfield, a serial entrepreneur with more than 15 years of experience in technology who started cryptocurrencies in 2016.

Investors
Amulet successfully raised $6 million in its first funding round. The seed round is led by Gumi Cryptos Capital, joined by Republic Capital, Solana Ventures, DeFiance Capital, Animoca Brands, UOB and Signum Ventures, Mirana Ventures.

#amuletprotocol #crypto #cryptocurrency #amunation

[EgoraAndreev]

AMUNATION
To begin with a short introduction to refresh your memory, 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 such as the total volume of TVL for networks, for example, TVL on Solana grows 5 times faster than on ETH, forges demand on risks hedging.
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 to capital providers for underwriting.

In 2021, more than $10 billion was lost in the cryptocurrency space due to various hacks and frauds, including $2.6 billion due to DeFi protocol exploits, according to an Immunefi report.

The market needs better insurance solutions, and before the launch of Amulet, DeFi investors did not have that option. Amulet will be DeFi’s first Rust-based insurance protocol, originally deployed on the Solana network and built to meet this high market demand.

Amulet will adopt a cross-chain strategy and deploy it to other ecosystems not based on the Ethereum virtual machine along the way.

But most importantly, Amulet gives users the opportunity to help protect the blockchain by participating in liquid betting and insurance, which will again be done through a single protocol. Thus, Amulet will be designed with transparency in mind, with a focus on developing the project in collaboration with the security community.

If you know English well, you can carefully read the infographic below, which schematically explains the structure of the protocol process.

Positively, we can distinguish 3 main areas of the protocol, these are:

Insurance — the ability to protect the value of your assets with: smart contract insurance, stable coin depeg insurance and NFT insurance.
Steering — the ability to put your assets in Amulet with peace of mind. Amulet is the only insurance protocol that includes 3 levels of protection between claims and your assets.
Earnings — Hybrid claim management: automatic payouts when you depeg stable coins and claim management when you confirm DAO.

[exoncenter]

Only project in Solana network with real use in our life. Amulet has designed an innovative and open insurance model, which not only effectively addresses the common challenges of existing decentralized insurance protocols, but also creates a new paradigm shift for the whole insurance sector.

I am not agree with it - check blockchains TVL.

[xhinis]

Solana TVL (Total Value Locked) has grown faster than Ethereum (ETH), but currently there is no native insurance protocol. Amulet was the first. Amulet utilises Solana’s PoS network to provide stable returns and provide insurance services with their unique Protocol Controlled Underwriting and Future Yield Backed.

The Claim Mechanism reduces risk for underwriting capital provider. According to the Immunefi report, $10bn was lost to frauds and hacks in cryptospace in 2021. This includes $2.6bn from exploits on DeFi protocols. A lack of sustainable design and coverage gaps has led to insurance being persistently undervalued in the DeFi space and as a result, very little of that “lost money” has been recovered. This concern is also present in the wider WEB3 world, including Metaverse, GameFi, and the broader WEB3.

Amulet will provide better options for insurance. DeFi investors have not had access to an offer like Amulet until now. Amulet is the first Rust-based DeFi Insurance protocol. It was initially deployed on Solana and has been designed to meet high market demand. Amulet will use a multi-chain strategy to deploy to other non EVM-based ecosystems.

[BacterigermRyan]

Amulet (AMT) — I seem to have stumbled upon a gem
Amulet — Simple and reliable coverage for everyone on Web3. Maximum protection and yield, fully protected with protocol-controlled underwriting.
Cover

Only 2% of digital assets in our industry are protected. Amulet Protocol offers additional protection for your digital assets with a variety of solutions, including smart contract vulnerability, Stablecoin deprivation, and NFT coverage options.

Stake

It’s easy and safe to bet on Amulet Protocol. Amulet Protocol has 3 levels of protection between staking and assets. Betting is easy and, more importantly, with the highest level of security.

Earn

Amulet Protocol is built on advanced technology. Our hybrid stigma management will be fully automated in situations such as a stable coin deprivation trigger leading to payouts. Amulet Protocol also manages stigma payouts through its DAO model.

It doesn’t make any sense, does it?) Then here it is… investors: Solana Ventures, DeFiance Capital, Animoka Brands, Republic, etc. Raised $6 million.

Anyway, now there’s an opportunity to increase your quests, to accumulate points. Earning points you raise your level and get stuff like whitelist or NFT.

What to do?

Going to the project site and register your chosen way (I have a purse Phantom regaired)
Perform tasks

There are a lot of tasks for different tastes, and judging by the looks of things will be added new ones. Even the fact that you are reading this post right now, it’s me doing one of the tasks😂 There are trivial subscriptions, reposts, but there are more complicated tasks. Even the way the contest form is done speaks volumes about the straightforwardness of the developers.

In general, I advise you not to pass by and do at least those tasks that you can do.

I will keep an eye on the project

[AkuninArsen]

An effective product protection solution in Web3.
Amulet Protocol is a decentralized insurance protocol designed for DeFi, NFT insurance based on Rust. Decentralized risk protection protocols provide financial security for all users interacting with Web3 financial products. They typically cover smart-contract risk, Stablecoin deprivation risk, reduction risk, oracle failures, economic exploits, etc. Smart contract risk is particularly significant because more than $3 billion was lost in 2021 due to smart contract hacks. By offering protection against these more common types of DeFi risk, as well as offerings related to NFT and the meta-universe, users and developers can enjoy a more secure Web3 through Amulet.

Existing DeFi risk protection protocols rely on outside underwriters to provide capital for claims and capacity coverage, creating unique and complex business resiliency issues. Amulet is creating the risk protection industry’s first protocol-controlled underwriting (PCU) approach. This is a significant change from the current underwriting capital lease model.

Weekly reports, frequent AMAs, bounty campaigns and more come together in Amulet Protocol. The project already has many successful partners and investors on its list, you can see many of them below, but this list is updated and added to every day.

Amulet Protocol’s current roadmap is focused on launching a core network.
Q2–2022:

Announcing the project to the public — 20/4 in Amsterdam ✅

Defining the application process and how it will work ✅

Developing mechanics to automate with the Stablecoin Depeg proposal ✅

Q3–2022:

Completing the cover design ✅

Conducting code audits and threat analysis, Kudelski Security is doing this ⏳

Launch of TestNet (expected September 1, 2022) ⏳

Launching V1 MainNet (expected late September 2022) ⏳

Completion of risk assessment process ⏳

Q4–2022:

Launching the Center for Analytics and Governance 🔜

Launching the Bug Bounty program 🔜

Q1–2023:

Additional offerings (initial offerings in September — smart contract vulnerabilities and Stablecoin Depeg) 🔜

Enabling Amulet notifications in our app 🔜

Launching Amulet Stable Asset Pools 🔜

Right now, Amulet Protocol is running its bounty campaign, the AmuNation App. The AmuNation App was created to promote and popularize the project. Users and members can perform various tasks, for which they receive AmuPoints. In the future AmuPoints can be exchanged for good rewards. The application consists of 5 levels. Each level has its own rewards. The more points you earn, the faster you can increase your level.

At the time the app launched, there are currently 5 levels that can be reached:

Beginner AmuNation : The starting point for AmuNation
AmuNation Beginner : Great start, Whitelist!
AmuNation Student : Getting better, time for an Airdrop!
AmuNation Expert : Wow, cool, NFT Bronze!
AmuNation Master: Almost champion! NFT Silver!
Mythical AmuNation : AmuLegend! NFT Gold! Final awards!

[TokensandCoins]

Amulet Protocol – Secure Code was Reviewed by Kudelski

Amulet Protocol is due to launch on the mainnet very shortly and we’re delighted to provide the report from Kudelski Security publically.

This report from Kudelski, the first of several audits, is ready and allows us to feel confident that our code and security is where it should be for launch.

Overview:
Kudelski Security performed a secure code assessment on the Amulet Protocol smart contract system.

The source code review took place from 7/14 – 8/11, and focused on the following objectives:

Provide the customer with an assessment of their overall security posture and any risks discovered within the environment during the engagement.
To provide a professional opinion on code maturity, adequacy, and efficiency of the security measures in place.
To identify potential issues and include improvement recommendations based on the results of our review and tests.

Key Findings:

The issues found in the code were LOW or INFORMATIONAL findings. This shows that the overall risk profile of the application at the time of this assessment is low.The following are the major themes and issues identified during the testing period. These, along with other items, within the findings section, should be prioritized for remediation to reduce the risk they pose.

Safe math was used often, but should be used more consistently throughout the code to prevent potential vulnerabilities from being introduced in future updates.

Insurance policy coverage duration, claim expiration dates and claim payout dates may be affected by a lack of precision when dev Epochs are used in place of UNIX time.

Single administrator accounts have significant capabilities. These functions should be limited by requiring multiple signers to prevent collusion. We have been informed that this is currently occurring off-chain, but this should occur on-chain in the future for transparency.During the test, the following positive observations were noted regarding the scope of the engagement:

The code is well organized.

Client contacts were very amenable to conducting joint secure code reviews with the Kudelski Security smart contract auditing team.

Anchor framework usage is very consistent and follows the recommended syntax.

Critical issues in architecture or code logic were discussed immediately via teleconference.

Access the report here: https://files.amulet.org/public/AmuletGlobalMTRLabs.pdf

[QurePureSwitch]

Amulet Protocol and Kudelski Security announced a new strategic partnership to enhance security in the web3
The new partnership is great news. Run along and read a very interesting article.
Asset protection has been around since before records existed. Ever since there have been items or assets, there has been a need to secure them.

Now two security-focused companies have confirmed their official partnership: Amulet Protocol and Kudelski Security.

Developed during the DeFi boom in 2020, Amulet has been watching various hacks and exploits in recent months and years and decided to take significant action to launch its project.

Amulet Protocol, due to launch in September on the Solana blockchain, offers a simple and reliable cover for everyone within web3.
With the innovation and capabilities of Rust-based ecosystems, Amulet will move in the direction of providing protection for NFT, GameFi and the entire Metaverse.

Kudelski Security is a leading cybersecurity company with one primary goal: to disrupt the cybersecurity status quo. As experts in the field, Kudelski provides support aimed at increasing cyber confidence, threat resilience and data protection.

As a result of this collaboration, Kudelski has already begun consulting with Amulet and working behind the scenes to ensure that Amulet products are ready and secure.

Kudelski Security and Amulet are currently working together to audit smart contracts. The work will continue over the coming months and years to ensure that protection is at the forefront and any potential exploiters are deterred.

Briefly about Kudelski Security
With offices and labs in Switzerland, the UK, Singapore, Taiwan, Germany, France and the US, Kudelski Security uses a rich history of engineering and innovation to create solutions for customers’ most complex cybersecurity challenges.
Kudelski Security understands the power of blockchain technology and has become an expert in the industry over the past few years. The cybersecurity giants have more than 400 certifications in technical, product and security and are one of the most trusted companies in the field.

About Amulet
Amulet is a decentralized cover protocol built for the Rust-based ecosystem, starting with the Solana blockchain. Amulet has developed an innovative and open coverage protection model that not only effectively addresses common problems of existing decentralized coverage protocols, but also creates a new paradigm shift for the entire insurance sector.

Amulet is creating the industry’s first Protocol-Controlled Underwriting (PCU) approach, in which Amulet will build its own underwriting capabilities and implement a claims structure that incorporates a unique Yield Backed Claim (YBC) method. This is a significant departure from existing coverage models that involve leasing underwriting capabilities from capital providers in favor of a more sustainable protocol-controlled underwriting and claims structure.

Amulet’s vision is to offer simple, reliable coverage for everyone in Web3. With the addition of Amulet, users throughout the Rust-based ecosystem will have access to a new way to hedge various risks through protective product offerings

[yuricvetaev]

Hi all. Saw the news that Amulet Protocol announced their roadmap. Let’s see what this amazing project has in store for us!
If anyone doesn’t know, Amulet is a decentralized insurance protocol that aims to protect investors’ assets from incidents such as:

Smart Contract Vulnerability: A smart contract failure if the covered protocol is exploited or fails to function as intended.
Stablecoin Depeg: The risk that a stable coin will trade below its peg for an extended period of time. This is currently only available for dollar-based stablecoins.
Slashing: Slashing penalties are not currently implemented in Solana, but the project intends to offer this coverage when this part of the protocol goes live.
NFT, Metaverse, and wallet protection are all in development!
Amulet’s decentralized coverage protocol provides financial security for all users interacting with Web3 financial products.

It currently includes the risks of smart contracts, stabelcoin depeg, slashing, oracle failures, economic exploits, etc.

Of all of these risks, smart contract exploits were one of the most significant contributors to the loss of nearly $3B in 2021. By securing these initial types of risks and expanding Amulet’s reach, Amulet aims to create a more secure Web3.

DeFi has not stopped its development since the summer of 2020. As the market volume grows, the demand for risk hedging is also going through its growth phase. Despite the dominance of Ethereum and its associated EVM (Ethereum Virtual Machine) ecosystem in DeFi, other Rust-based public chains are growing rapidly, with Solana leading the way.

Along with the growth of Solana as the primary Tier 1 solution, the project predicts that the demand for risk management solutions on Solana and broader Rust-based ecosystems will soon experience its own boom.

However, they are still lacking on Solana and few in the Rust-based space. This represents a unique blue ocean opportunity that Amulet immediately exploits to meet the growing market demand for security.

As you can see from the picture above, there are 3 main points about Amulet’s operations, these are:

Coverage — Only 2% of digital assets in our industry are protected. Amulet Protocol offers additional protection for your digital assets with a range of solutions, including smart contract vulnerability, Stablecoin depeg and NFT coverage options.
Steaking — Make steaking in Amulet Protocol easy and worry-free. Amulet Protocol has 3 levels of protection between claims and assets. Doing steaking is easy and, more importantly, it has the highest level of security behind it.
Earnings — Amulet Protocol is built on advanced technology. Hybrid claim management will be fully automated in situations such as a Stablecoin de-peg trigger, resulting in payouts. Amulet Protocol also manages claim payouts through its DAO model.
In fact, if you go into details, there is a certain underwriting mechanism, in general it’s a little bit another level, so I won’t talk about it in this article. But the idea of the project is very, very cool!

So, now let’s talk about the road map of the project. Amulet Protocol is happy to present a public roadmap that gives an overview of the plans for the coming months for investors, users and the community!

The current development of Amulet Protocol is focused on the launch of the mainnet. After that, the team will work hard on continuous improvement, aiming to become the mainstream solution for DeFi coverage.

The team has big ambitions. Below is a summary of expected plans from the time the project is announced in April 2022 to the second quarter of 2023.

Q2–2022:

Announcing the draft to the public — 20/4 in Amsterdam ✅
Defining the claims process and how it will work ✅
Develop mechanics to automate the process with our Stablecoin Depeg offering ✅
Q3–2022:

Finalize the design for our coverage offering ✅
Conduct a code audit and threat analysis, Kudelski Security is doing this ⏳.
Launch a test network (expected September 1, 2022) ⏳
Launch of V1 MainNet (expected in late September 2022) ⏳
Completing the risk assessment process (how we analyze and assess the premium) ⏳
Q4–2022:

Launching our analytics and command center 🔜
Launching our Bug Bounty Program 🔜
Q1–2023:

Additional offerings (initial offerings in September are smart contract vulnerabilities and stabelcoin depeg) 🔜
Enabling Amulet notifications in our dApp 🔜]
Launching Amulet Stable Asset Pools 🔜
This roadmap is subject to change, but the project will be sure to notify the community of any changes.

[NikolajUzin]

Amulet Protocol
A new gem on the radar
Amulet Protocol is a decentralized insurance protocol built for the Rust-based ecosystem, starting with the Solana blockchain.

For all DeFi fans, this is the first DeFi insurance protocol on Solana.

The dudes are really into security, which is great considering how often DeFi projects get hacked and attacked.

At the moment, there is no token of its own (so the activity can be retrodrop), and there will also be its own NFTs.

There should be no doubt that the Solana network will only develop and grow, and this project will occupy a very serious niche in DeFi

[VitalijKaramaz1]

Amulet protocol is an insurance protocol that will secure our assets in the web3 space.

What problems can Amulet solve?
1. Smart contract vulnerability: smart contract hacking is a trend of 21 and 22.
2. Stablecoin depgs: no comment here, after the UST case, everyone knows that stablecoins are not that stable.
3. Protection of nft and wallets is also in development.

The project raised $6,000,000 during Seed-Round.
And you can find Animoca Brands, Solana Ventures, DeFiance Capital, NGC Ventures, Signum Capital and others as investors.

What should we do?
1. Get on Diskord.
2. Start to be active and do work for the project (translations, infographics, guides, etc.).
Since in the near future will be given out the role of OH, which will be eligible for awards, that’s what all activity is for!

Risk.
0/5.

Thoughts.
I suggest getting active to get OG, as the project is more than relevant, amid Solana’s recent problems, so it’s potentially a gem!

[burburna]

Amulet Protocol (hereafter referred to as Amulet) is a decentralized insurance protocol built for the Rust-based ecosystem, starting with the Solana blockchain. Amulet has designed an innovative and open insurance model, which not only effectively addresses the common challenges of existing decentralized insurance protocols, but also creates a new paradigm shift for the whole insurance sector. Risk underwriting and insurance claim lies at the core of any insurance business; however, all existing decentralized finance (DeFi) insurance protocols have been facing a critical sustainability challenge for risk underwriting and claims. Amulet is creating the industry?s first Protocol-Controlled Underwriting (PCU) approach, in which Amulet will build up its own underwriting capabilities and introduce a claim structure involving a unique Yield Backed Claim (YBC) method. This is a significant deviation from the incumbent insurance models of renting underwriting capability from capital providers to a more sustainable underwriting and claim structure controlled by the protocol. The vision of Amulet is to offer simple, reliable insurance for everyone in Web3. With the addition of Amulet, users in the entire Rust-based ecosystem will gain access to a new way to hedge various risks with insurance product offerings.

https://amulet.org/

[PavelBerec]

📜Amulet Protocol  is a Defi insurance protocol for the Rust-based ecosystem with initial development on Solana (Cosmos in the near future)

💸The project has raised $6 million in a round led by Animoca Brands, Solana Ventures, Mirana Ventures and others

What to do:

👉 Get on Discord and subscribe to Twitter
Make all kinds of content (memes, infographics, art…) and post it in the #contribute tab
👉 Get “Early Contributor” role