Amulet - defi web3 cover protocol

[Quctucese]

Project Description
Amulet Protocol (hereafter Amulet) is a decentralized insurance protocol created for the Rust-based ecosystem, starting with the Solana blockchain. Amulet has developed an innovative and open insurance model that not only effectively addresses common problems of existing decentralized insurance protocols, but also creates a new paradigm shift for the entire insurance sector. Risk underwriting and claims are at the heart of every insurance business; however, all existing decentralized financial insurance (DeFi) protocols face the critical problem of sustainability in risk underwriting and claims. Amulet is creating the industry’s first Protocol-Controlled Underwriting (PCU) approach, where 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 current insurance models, in which underwriting capabilities are leased from capital providers, in favor of a more sustainable protocol-controlled underwriting and claims structure. Amulet’s vision is to offer simple, reliable insurance to 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 insurance product offerings.

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[ArtemijKelyndev]

How do I win an Amulet NFT?
As a follow up to our recent article on NFT, we decided to tell you how you can get your own Amulet NFT.
What is an Amulet NFT?
As part of our bounty campaign, we are posting NFTs that will be very valuable. To date, that value is not obvious, but trust us when we say that they will be “EXTREMELY VALUABLE.”

This will become more obvious when we launch into the Mainnet (which will happen very, very, very soon). Once we start doing transactions in the meinnet, the more of them we get (as we grow), the more valuable those NFTs will become. This is probably your only opportunity to get your hands on them, we are unlikely to release more.

Our NFTs come in 3 levels. Gold, Silver, and Bronze. This is not your typical NFT — we don’t just create art and run it, our NFTs will have real value as they are very useful to our platform. They will still look incredibly cool, but with added utility that adds to their value. Their value is not based on the popularity of the characters, but on the usability of our solution.

Amulet NFT has many benefits, including a bid bonus, a higher token sales limit, an Airdrop bonus, an allotment bonus, and, most importantly, discounts of up to 15%.
How can I earn NFT?
The best way to earn is through our AmuNation app. By completing all of the tasks (which will also be updated this week!), you can earn as many AmuPoints as possible.

By collecting AmuPoints through daily tasks, you’ll be able to move up the leaderboard and earn high rewards. Very soon we will be launching AmuOutlet, our own marketplace for exchanging points for NFT. While it’s still under development, you have a great chance to keep accumulating points — gold NFTs will be the most expensive.

Challenges are frequently updated, but if you’ve completed all the tasks, you still have a chance to win NFTs.

Every day you can try your luck at our Jackpot. Just click on the fruit machine below, and each day your credits will automatically renew. That should be extra motivation for you to log into the app every day. We’ve already awarded 260+ NFTs, and there’s plenty more to win. The more you spin, the more likely you are to win.

We’ve also started an Amu-Roulette channel in Discord. This is another chance to enter the lottery and earn credits to win one of these great NFTs.

You can also earn NFTs by getting our attention. You’ll notice on Discord that we have moderators, community champions, and early contributors. Those who have earned these roles have definitely earned them!

They got their roles because of their dedication to our project. They regularly contribute and help keep the conversation going. They are the reason we have the BEST community, not just for the coverage protocol, but for the entire web3. Roles are still available for Twitter and Discord activity. We encourage you to stay online, keep working hard, and earn rewards. We regularly check in with everyone who has a role, and those who continue to gain momentum are sure to be rewarded for all their hard work.

[TokensandCoins]

How to win an Amulet NFT?


What are Amulet NFTs?

As part of our bounty campaign, we’re dropping NFTs which will be really valuable. As of today, that value isn’t obvious, but believe us when we say that they will be “EXTREMELY VALUABLE”. It will become more obvious once we launch on the mainnet (which is very very VERY soon). Once we start with transactions on the mainnet, the more that come through (as we grow), the more valuable these NFTs become. This is probably your only opportunity to get your hands on one, we’re not likely to drop more.

The usability of our NFTs come in the 3 tiers.

- Gold,
- Silver
- Bronze.

This isn’t a typical NFT – we’re not just creating art and launching it, our NFTs will have a real value as they are very much the utility for our platform. They will still look incredibly cool but with that added extra of having utility to increase the value. It’s value isn’t based on the popularity of the characters but really through the usability of our solution.

Amulet NFTs utility of great perks include Staking Bonus, Higher Token Sale Cap, Airdrop Bonus, Vesting Bonus and most importantly, policy discounts up to 15%.

How do I earn one?

The best way to earn one is through our AmuNation app here https://amunation.amulet.org/r/sadovnik
Completing all the tasks (which are also going to be updated this week!) to earn as many AmuPoints as possible.

Collecting AmuPoints by completing tasks daily will allow you to climb up the ladder and earn high rewards. Very soon, the AmuOutlet will launch, which is our own marketplace to exchange points for NFTs. While that is still being developed, you have a great chance to keep building and building points – Gold NFTs will be the most expensive.

Tasks are being updated often but if you’ve completed every task, there are still more opportunities to win NFTs.

Every single day, you can try your luck with our Jackpot. Just click the fruit machine at the bottom and every day, your credits get updated automatically. This should give you further motivation to jump onto the app every day. We’ve already rewarded 260+ NFTs and there are plenty more to be won. The more you spin, the more likely you are to win.

We’ve also introduced the Amu-Roulette channel on Discord. Another chance to enter a lottery to earn credits to win one of those awesome NFTs.

You can also earn NFTs by getting our attention. You will notice on Discord that we have moderators, community champions and early contributors. Those who have earned these roles have CERTAINLY earned them! They have their roles due to their dedication towards our project. Contributing regularly and helping keeping the conversation flowing. They are the reason we have the BEST community, not only for cover protocols, but in the whole of web3. Roles can still be earned through activity on Twitter and Discord. We advise you stay online, keep working hard and earn those rewards. We review all those who have a role on a regular basis, those who continue the momentum will definitely be rewarded for all their hard work.

[Olarawe]

Amulet
Amulet is a simple and robust protection for everyone in web3. We hear about exploits in DeFi every day, and while defense protocols exist, we come with a unique model (PCR) and focus on Rust-based ecosystems. We are expected to launch in the mainnet in a few weeks, we will start on Solana, and we were backed by Solana Ventures in our seed funding round. We’re here to provide web3 users with an extra layer of security to keep your assets safe.

What are the features of Amulet Protocol that make it superior and special compared to the competition?
Amulet Protocol has redefined coverage and risk protection models. Protocol Controlled Reserve (PCR) is our way of ensuring that when we pay out money, it comes from returns, not stackers. If you look at the recent UST crisis, other coverage protocols such as Unslashed and InsurAce were paying out big money because they offered a stable coin depage situation. In the process, they upset stakeholders, and they had to come up with exciting rewards programs to compensate. Payouts coming from yields relieve us of this problem. We’re also the first in Solana and focusing on Rust, we think it will create more opportunities in the future in terms of product than other coverage protocols.

How can people make money in AmuNation?
The Amulet community is epic, and it’s growing every single day. AmuNation is what we call our community members, and the app was designed to showcase our uniqueness from the beginning. The app is a gamified rewards program where you can earn yourself valuable rewards like our NFTs. Assignments are regularly updated, and you can earn AmuPoints depending on which assignment you complete. There is a leaderboard as well as a Jackpot slot machine. Bring your friends too — this is a once-in-a-lifetime opportunity to earn rewards with genuine and real value.

Testnet and how do I join?
The AmuNation app has assignments to use our TestNet so you can earn while testing our functionality, etc. TestNet is already open and we’ve had an incredible response rate. Access: testnet.amulet.org and you can leave feedback in our Discord channel: discord.gg/AmuletProtocol. All features are available for testing, coverage, underwriting and earning.

What has Amulet Protocol achieved so far and what important updates and developments will we get in the near future in Amulet?
The project was announced in April, and since then we have been focused on building our product and community. I’m very proud of our Discord server, we have a lot of language channels to reach everyone. We have roles, and Early Contributors and Community Champions are doing a brilliant job right now. We’ve launched our roadmap, we’ve announced partnerships, we have something going on every day. Our audit is coming out tomorrow. We have game nights for the community (poker tomorrow too! Come!) Our blog is the best place to learn about all

Collaborations and partnerships and how will everyone benefit from these partnerships?
Collaboration and partnerships are some of the most important cornerstones for improving adoption. Tell us about your existing project partners, your plans for partnerships,

We’ve already announced some terrific partnerships (Francium, Serum, Tulip, Port, and others), and you’ll see more coming in the weeks and months ahead. Each partnership will be different and can range from providing coverage for their protocol to collaborating on marketing activities. Kudelski did our audit as they are on the list as well. We just hired Hakon who will be recruiting partners, but not just any partners, they have to be a good fit for us and them!

[MarkShebaT]

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 🔥

[Aiggeol]

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.

[RSlovetskij]

The Amulet protocol
The Amulet protocol is a decentralized Risk Protection Protocol (“RPP”) created for the Rust-based ecosystem starting with the Solana blockchain. Amulet has developed an innovative and open risk protection model that not only effectively addresses common problems of existing decentralized RPPs, but also creates a new paradigm shift for the entire risk protection sector.

It will also address:
1. Smart contract vulnerability: smart contract hacking is a trend of the 21st and 22nd years.
2. Stablecoin Depgs: no comment here, after the UST case, everyone knows that stablcoins are not that stable.
3. Protection of nft and wallets in development.
Very good project, I advise to participate + give away amulets (their NFT).

Beginner (0 level) — he begins the path to the bounty
AmuNation Beginner (1 level 500 points) — the reward for owners of this role — token whitelist for sale of tokens $AMT
AmuNation Student (level 2 2500 points) — rewards are as follows: $5 AMT token for the first 20,000 members and then a 25% bonus for the secret Airdrop.
AmuNation Expert (level 3 5000 points) — the reward is a bronze Amulet NFT.
AmuNation Master (4th level 10000 points) — the award is a silver Amulet NFT.
AmuNation Mhytical (level 5 25000 points) — the award is a gold Amulet NFT.
The main task will be to earn points and receive various awards.

[PBoodish]

Amulet Protocol
🔥 We have a GEM coming up.

Amulet Protocol is a decentralized risk protection protocol for the Rust-based ecosystem, originally deployed on Solana.

But we don’t care so much about all those terms, what’s important to us is that guys like Solana Venture, DeFiance Capital, Animoca Brands and many more have put $6 million into the project.

Now we are eligible, get tokens, allocation and NFT from this project.

📌 ACTIONS :
- Go to the website and connect via email
- Perform tasks in social networks, there are quite a lot of them, the more you do the better.

We do tasks for which we are given the so-called Amupoints, the more these points — the higher your level, for what level — what is the reward?

- 1 level — allocation
- 2 level — 5 tokens $AMT + 25% bonus for the secret airdrop, not quite understand what the secret airdrop
- Level 3 — Amulet NFT (I understand it costs 2.5 SOL)
- Level 4 — Silver NFT (I understand it costs 5 SOL)
- Level 5 — Gold NFT (I understand it’s worth 20 SOL)

What do you think of the rewards? For all tasks, you can get ~4,000+ points, which means we get to level 2, and have the right to claim 5 tokens $AMT + 25% for the secret drop.

[Noskovalc]

Amulet Protocol
Amulet Protocol and its roadmap for 2022–2023. Let’s see what the project has in store for us!
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 has as its main goal 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.
Of all 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.
However, they are still lacking in Solana and few in the Rust-based space. This represents a unique blue ocean opportunity, which 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.
Now with translation:

Q2–2022:

Announcing the project 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.

[hvitskij]

Amulet Protocol
Hi buddy! If you came to this page it means you’re wondering what the Amulet Protocol is and what kind of AmuNation event is going on right now that’s worth participating in.

The Amulet Protocol is a decentralized risk protection protocol (“RPP”) developed for Rust-based ecosystems. Amulet has developed an innovative and open risk protection model that not only effectively addresses common problems of existing decentralized RPPs, but also creates a new paradigm shift for the entire risk management sector.

The project has been added to the top projects on ICO Drops. Now there is intensive work on attracting new funds and I think the team will be successful. Here are the funds that have already seen the prospect in the project SolanaVentures
, GumiCryptos, Animocabrands, a41_allforone, SolarEcoFund, Signum_Capital, ZBScapital.

Amulet aims to provide a high level of protection against capital drawdown, while generating income for its participants. The realization of this goal will be gradual, based on treasury growth along with buffers designed to support it. Below is an overview of Amulet’s structure: Figure Key Components o 2The overall platform design f the overall platform design outlined above Underwriting, product offerings and distribution, capital in Figure 2 is risk management, risk management and claims assessment.

[Katobikila]

Amulet
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.

[AlexObeme]

Amulet Protocol
Within the Solana ecosystem, users own $SOL derivative tokens such as $mSOL owned by Marinade.finance and $stSOL owned by Lido.finance. These tokens are important innovations in DeFi as users do not only participate in paid platforms but issue tokens on other platforms throughout the ecosystem.

Amulet has intentionally focused its contribution on this high capital intensive cycle and created an insurance layer on top of the foundation ecosystem — the $SOL token and the Solana PoS cluster. For this platform, $amtSOL will be issued when the user injects their $SOL tokens.
Amulet Managing Token ($AMT).
Allows users to suggest and vote on community proposals. These include, but are not limited to, future reward satisfaction, security validity, target capital requirements, listing of new products, treasury redemption thresholds, and changes to expected outcomes.

The $amtSOL is a revenue-generating token similar to $mSOL, which is accrued on the revenue generated by the Solana PoS rate. Users will also have the option of investing $amtSOL in insurance pools to underwrite insurance products, receive premiums and rewards in $AMT, or invest $amtSOL in a betting pool for rewards in $AMT on the Amulet platform. They can also use $amtSOL to participate in other protocols in the Solana ecosystem to earn additional revenue. With the creation of $amtSOL, Amulet will become part of the Solana ecosystem.
Insurance Token ($aUWT).
As an open DeFi insurance protocol, Amulet also supports other $SOL derivative tokens such as $mSOL, $stSOL, etc. to participate in underwriting.When these $amtSOL, $mSOL, $stSOL are used for insurance underwriting, $aUWT tokens are minted to de-nationalize the token underwriting capabilities.
Derivative SOL tokens are exchanged for $aUWT tokens using the weighted average exchange volume algorithm.

On a DEX (e.g. Saber or Raydium) for that trading pair, including $amtSOL-$SOL, $amtSOL-$mSOL, $amtSOL-$stSOL, $amtSOL-$aUWT, $mSOL-$aUWT, and $stSOL-$aUWT. Users can change their original tokens from the protocols or redeem their important Amulet.

[imfrommetaverse]

Amulet comprised of three option: Earn, Cover, and Underwrite ($aUWT).
 Amulet offer simple, reliable cover for everyone in Web3 solution. TPS-high, Fee-low & Protection-high.

[Ripils]

Amulet
Amulet is a new DeFi (decentralized finance) coverage protocol for Rust-based ecosystems.

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

At its core, Amulet has developed a solution to bridge the gap between those who invest in underwriting and those who buy coverage.

Invested: $6M
Investors: lead: Cryptos Capital, with participation from Republic Capital, Solana Ventures, DeFiance Capital, Animoca Brands, United Overseas Bank, Signum Capital, Mirana Ventures, NGC Ventures, LongHash Ventures, SevenX Ventures, CMT Digital, Matrixport Ventures, a41 Ventures, Solar Eco Fund, Daedalus, Cobo Wallet and Re7 Capital.

[burburna]

Risk Management
Amulet's risk management can be broken down into several key functions:
1. Capital adequacy and management
Adhering with Solvency II requirements creates a desirable level of safety when underwriting risk. It builds a protective moat around Amulet's capital base and ensures there is sufficient reserves for making claim payouts. 
2. Layered risk controls
Several layers of risk controls have been built into Amulet to ensure funds are safe and that the business remains sound:
Technical checks to ensure base level protocol safety, including code auditing, bug bounty program, and continuous testing.
Careful selection of protocols to be covered through rigorous risk assessment.
Identifying over-concentration of risk from the chain level down to individual product level and risk types in order to avoid catastrophic drawdowns by certain covers.
Mechanisms such as an emergency kill-switch to suspend all or some business activities to head-off suspicious transactions.
Clear cover terms and conditions properly detailing the scope of coverage and claims process amongst other particulars.
3. On-chain risk alerts
On-chain data monitoring, analysis, and alerts serve as timely and valuable signals for Amulet to respond rapidly, such as notifications of covered protocols' security status, cover product price adjustments, or the occurrence of a risk event. Amulet has adopted many best practices in this area and continues to work with several other projects to enhance its risk monitoring capabilities.

[burburna]

Tokenomics

The main tokens in Amulet's ecosystem are:
$AMT:  Amulet's governance token which gives holders the right to take part in the protocol's governance.
$amtSOL: The interest-bearing token as well as liquid derivative of $SOL staked by users in Amulet's liquid staking pool.
$aUWT: The underwriting token issued for liquid derivatives of $SOL staked in Amulet's underwriting pool (eg. $amtSOL, $mSOL, $stSOL, etc).

[burburna]

Phased Execution Path
As Amulet grows and reaches its key milestones, the following initiatives will commence:
Project Initiation – Limited underwriting with with greater emphasis on investments to bootstrap treasury pool assets. Cover products will be offered on a limited basis for specified protocols at this stage. This will continue until the Treasury Pool reaches critical mass and its income-generating potential stabilizes. Early $AMT lockers will receive special rewards.
Treasury Pool Critical Mass – Size of claims reserve and associated collateralized future revenues (i.e., YBC) is sufficient to withstand economic shocks as defined by Solvency II standards. Accelerated distribution of investment and other treasury income will commence while rewards for locked $AMT will begin to reduce.
Growth Phase – Projected and actual loss ratios monitored to track performance and execute on improvements so that the protocol can better withstand economic shocks. Emphasis on the continued acceleration of treasury income while $AMT emissions are throttled. Leverage on underwriting capital can be increased to generate new business and underwrite larger covers.
Hypergrowth And Beyond – Defined as the point when cover purchasers and regular treasury income can withstand incoming claims without the need to draw on capital tranches. Treasury $AMT buyback operations can help increase capital staked, thereby allowing for greater cover capacity, which in turn generates more cover payments and leads to further treasury growth and value accrual.

[burburna]

Roadmap Amulet
Amulet has an ambitious roadmap ahead of itself. Here are a some key milestones to look forward to: 

Q1 2022
Project Initialization
Product design and development
Seed funding
Early partnership development

Q2 2022
Official launch
Early testing and site launch
Open staking functions
Roll-out of major cover product offerings
Token public sale

Q3/Q4 2022
Improved staking and investment functionality
Full spectrum coverage for Solana ecosystem
B2B cover services
Metaverse products

Q1 2023+
Additional product, web, and smart contract enhancements
Multi-chain expansion to other Rust-based ecosystems
Cover for Web3.0 and beyond

[burburna]

Claim Process
Amulet intends to use a hybrid claims process to simplify its procedure and ensure
fairness for its users. This hybrid process will consist of a programmatic claims process
for parametric cover products, and a voting-based claim process for non-parametric
products.

Programmatic Claims
This approach is suitable for parameterized cover products, such as stablecoin de-peg
cover. Its trigger criteria are clear and simple enough to be programmed and
automatically executed when the necessary conditions are met (e.g. stablecoin falls a
certain predefined amount below its peg). Users will be able to enjoy a much faster
claims process and greatly reduced burden to supply proof of loss. At the same time,
Amulet will be able focus more on protocol development and bringing industry-leading
products to market.

Vote-based Claims
For non-parameterized cover products such as smart contract risk or custodian risk
where risk events or exploits are not yet easily verified, a vote-based claims process is
required.

Generally, after a Claimant submits a valid claim along with the necessary evidence
within a specified time period, a Claim Committee will investigate the claim and
evidence then vote to approve, partially approve, or reject a payout. There will also be
an appeal process where Claimants can appeal to the Claim Committee to reconsider
its decision based on new and different evidence. A deposit fee is charged for claim
submission and appeal. More up-to-date details will be set out on Amulet's website.

Therefore, Amulet will be balancing speed with fairness through its automated and
manual claims processes.

[burburna]

Amulet Protocol

Existing Challenges

There are several notable impediments to existing decentralized RPPs growth and
sustainability:

a. Capital and User Acquisition
RPPs are faced with a two-pronged problem of acquiring and retaining staked capital. There is inherent risk of losing principal while at the same time, intense competition for user capital across a high APY environment. Yield fluctuations alone can cause liquidity locusts to appear, causing many protocols to be at the mercy of stakers and forcing some to increase rewards just to retain staked capital. This does not appear to be a sustainable solution and could result in a debt spiral which becomes more and more difficult to get out of over time.

b. Network Building
Building up distribution channels to increase coverage and capacity while maintaining appropriate risk control is difficult. The importance of having strong networks cannot be stated strongly enough for RPPs. Their business and operating model is fundamentally that of a conduit for collective risk pooling and mutual aid. Oftentimes, having cover is an afterthought that occurs once a user or protocol has been rugged, hacked or somehow exploited even though these risks were known ahead of time. Investors and protocols that have cover can be liberated from some of these risks and delve deeper into their crypto journeys in a safe manner. Although it is an uphill battle, Amulet believes user education on proactive risk management to be a worthy endeavor.

c. Capital Management
In the event of catastrophic losses, underwriters might rush to withdraw funds to minimize the impact of such claims on their principal. While understandable from the underwriters’ perspective, this creates a potential threat to the protocol’s sustainability. Until the protocol reaches critical mass in funds (i.e. able to selfmanage payments for incoming claims with cover payments and associated investment earnings), that threat will remain omnipresent. This problem is further exacerbated by the lack of an effective risk management framework which makes it difficult to understand whether risks have been priced appropriately. Without effective capital management, protocol's run the risk of not having the necessary capital structure and allocations in place to guard against a "bank-run" on the protocol.

d. Claims Processing
It is difficult to ensure an impartial and efficient claim process while trying to align the interests of many different parties at the same time. For example, underwriters are incentivized to minimize payouts since they are paid based on the protocol's overall profitability (cover payments received less claims paid). However, claimants want to minimize cover payments and increase their potential payout. Satisfying these two parties already poses several challenges on top investor, community, and partner concerns, as well as the reputational challenges faced by RPPs in general.