Amulet - defi web3 cover protocol

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Yield Backed Claim Payout

In order to build up PCR and minimize drawdowns on underwriters' capital, a tranche is built into Amulet's claim payout structure. This tranche is backed by future revenues
and therefore dubbed as Yield Backed Claim ("YBC"). What this means is that Amulet is collateralizing revenues that it is expected to earn in the near future in order to mint
more $aUWT for claim payouts so as to safeguard underwriters' capital against claims.

When a claim payout is approved, the necessary funds will be drawn from different
payout tranches in the sequence outlined below:
1. Yield Backed Claim Pool.
2. Claims Reserve in the Treasury Pool.
3. Product Underwriting Pool (i.e., If there is a claim on Cover Product A, only the $aUWT staked in Cover Product A's underwriting pool will be affected).

This way, underwriting capital contributed by underwriters will be least affected. Underwriters can be confident that their principal is SAFU while generating
considerable earnings through the various yield generation opportunities available on Amulet.

The time period which Amulet uses to determine the amount of revenue to collateralize for YBC will shrink progressively as Amulet builds up the PCR. Under no circumstances will the said time period's duration extend beyond its initial parameters .

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 Governance

$AMT is Amulet's governance token. It primarily gives $AMT token holders the right to vote and participate through governance in the protocol's development and initiatives
such as but limited to treasury utilization and rewards distribution, claim validity, target capital requirements, new products listing, treasury buyback thresholds, determining future protocol objectives, etc.

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Protocol Controlled Reserves

Existing DeFi RPPs rely on external underwriters to provide capital for claim payouts and cover capacity. This is effectively the same as renting liquidity from stakers. While
renting underwriting capital is effective in the short to medium-term, it does raise some serious issues that may greatly impact the scalability and sustainability of RPPs.

For example:

• In the face of outsized claims, underwriters may race to withdraw their capital, leading to insufficient claim payouts and subsequently reduced TVL
and future underwriting capacity for the RPP as underwriters look to mitigate and recoup their losses.

• Due to concerns over losing underwriting capital, many underwriters are unwilling to participate in RPPs.

• RPPs lockup or impose other restrictions on underwriting capital in their capital pools when claims are submitted in order to protect the functioning of the claims process. This method reduces user experience and hinders participation in the space.

• Yield generated from RPPs are generally not as competitive when compared to other DeFi protocols, hence users do not have a strong incentive to stake with RPPs. Some protocols use their token emissions to supplement their APY, but this is obviously not sustainable and puts downward price pressure on their governance tokens.

Hence, RPPs usually have smaller TVL compared to AMM, lending, and other DeFi protocols. The value of their governance tokens is also difficult to estimate given the uncertain risk of claim payouts weighing on RPPs' prospects.

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Treasury Pool

The Treasury Pool is a key element of PCR. Income expected to expand the Treasury Pool's size includes:

• A portion of PoS staking rewards generated by staked $SOL.
• A portion of cover payments earned from cover sales.
• A portion of investment returns generated from staked assets, such as $mSOL, $stSOL, and $aUWT.
• Other revenue and fees generated by Amulet (e.g. LP rewards, CAP rewards).

The treasury pool will be earmarked in the following manner:

1) Claims Reserve: x% reserved for large claims and to grow core funds through reinvestment in the underwriting pool.
2) Value Accrual Activities: y% to purchase and redistribute $AMT tokens to longterm $AMT holders ($AMT buybacks and redistribution will be limited at first and eventually increased as Amulet builds up to a critical mass of funds or reserves).
3) Development Costs: z% to fund development.

x% / y% / z% will initially be set as 90% / 10% / 0% and subject to change in future governance decisions.

[sohail2021]

Love this i join since 1 month working every there main net is live amulet will be strong solona project future is looks good still waiting for there presale when it will start ?

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 Cover Acceleration Program
In order to bootstrap underwriting capacity for certain products and generate higher returns for underwriters, Amulet's Cover Acceleration Program (CAP) will engage with
covered protocols' teams to accelerate cover adoption.

For example, when smart contract cover is launched for Protocol A, its initial price may be high due to limited capacity as underwriters may not have as strong an incentive to
back the risk versus older cover products. Protocol A can incentivize underwriters with its native tokens or other rewards and additionally $AMT rewards jointly sponsored
with Amulet. This helps to increase Amulet's cover capacity and reduce costs for cover purchaser while underwriters earn more rewards. Additionally, pool rewards allocated
by Protocol A may serve as an additional buffer against claim payouts.

The CAP will initially apply to Smart Contract Cover before expanding to other cover products on Amulet. As Amulet sees it, everyone stands to benefit from the CAP. Users
have access to more options for risk protection, protocols are able to attract more users, underwriters safely earn rewards on their principal, and Amulet is able to extend
and expand its product offerings to more users.

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Conclusion

The risk protection sector, although a seemingly niche area, is critical to the safe and robust development of DeFi, much like how insurance or other modes of financial
protection has been responsible for the massive growth of commerce into the global behemoth that we have today. Knowing risk protection needs have been met and
potential risks mitigated is key to unlocking DeFi's global userbase and develop safetyminded DeFi.

Amulet is extremely excited to bring security to its users by offering simple, reliable cover at scale, backed by sustainable investments and prudent capital management.
In setting the standard for safety and proper risk management, Amulet will be a fundamental building block for protocol development on Solana, all Rust-based
ecosystems, and the future of open finance. Whether you are a potential contributor, investor, or just here for the ride, Amulet welcomes and looks forward to having you
in its community.

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Cross-Chain Expansion

Amulet’s initial deployment will be on Solana given its rapid growth and potential. Amulet also plans ambitions to expand to other Rust-based ecosystems such as Near
and Cosmos, offering protection to user and protocols on other chains. Amulet firmly believes that risk protection solutions should be made available to all
users and protocols regardless of the chain they operate in. It aims to create the safety standard for users and the adoption of blockchain technologies.

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Pricing Model  Amulet Protocol

The risk protection business is an endeavor to hedge against uncertain future loss, in which the covered person trades risk with RPPs through payments for cover products.
Product pricing is at the heart of any risk protection business and Amulet builds its pricing model based on proven practices and historical data.
The aim of product pricing is to find and charge a fair, affordable, and competitive price for users. It should reflect the risks undertaken by the protocol and be quick to adapt
to fast-changing risk settings. Amulet's pricing models enable it to get a fair estimate on expected losses, reduce costs for users, and enhance the protocol's long term
viability.

Amulet's pricing models take a multi-faceted approach when determining risk. For example, its Smart Contract Cover uses audit reports, operational history, team info,
etc. to generate a base rating for a protocol. The base rating, along with protocol APY and supply-demand factors, will be used to determine a cover product's price. Supply
and demand is typically measured via a bonding curve between price and cover capacity. Basically the more capacity available, the lower the cover product's price and
vice-versa.

Stablecoin De-peg Cover rely on economic simulations of historical data to test and identify the initial limits of the cover product, followed by further refinement through
the incorporation of data from current market indicators and forward-looking assumptions. Amulet will carefully select and define these limits at the start, then
constantly refine the product as it receives new information.

As more and more data becomes available, Amulet will be able to develop and fine tune increasingly sophisticated data-driven pricing models with the help of Machine Learning technology.

[sohail2021]

I do work every day am top 50 but am waiting for presale when it will start still there is no news.

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amtSOL has now been listed on Coingecko.   

This is another milestone in Amulet Protocol.

amtSOL is an interest-bearing token as well as liquid SOL derivative and proof of ownership of SOL staked by users in Amulet's liquid staking pool.

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Amulet Protocol had an exceptional 2022. Amulet Protocol announced project in April at DevConnect in Amsterdam and this was shortly followed by seed funding announcement.

Since then Amulet Protocol been building community and getting ready for launch. Amulet Protocol did this organically and grew steadily and this became more extreme when we started our AmuNation app. Amulet Protocol achieved top 5 most engaged Solana projects in only 3 months of existence!

The AmuNation app is a bounty campaign that is still ongoing and will provide users with valuable rewards.
You can all join in: amunation.amulet.org (http://amunation.amulet.org/).
You have to complete tasks and there are also daily spins.
Amulet have plenty of community events too (3 already this week!) and you can win points and SOL on them too! Amulet  then had our audit results, successful TestNet and our MainNet has been live for 3 weeks TODAY! Amulet Protocol sold over 400 covers already and so it’s never been more important to earn those underwriting rewards! This time next year, Amulet  plan on being the BIGGEST multi-chain cover protocol in web3 (not just Solana).

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Learn how to stake on MainNet with CryptoLogy!

Official video is coming, made by the Amulet Protocol team.

Watch: https://youtu.be/oWSl4j_7QVE

[hovikhovik]

As cybercrime in the DeFi industry is on the rise, you need to store your coins securely or risk falling victim to a cybercrime.
Why DeFi cover is also a smart move for all crypto investors For example  Amulet Protocol
Is crypto cover necessary?
Given the recent increase in crypto-related crimes, DeFi cover is a worthy investment. Amulet has developed the first Protocol-Controlled Reserves (PCR) approach in the whole risk protection industry, which offers protection from smart contract vulnerability and soon stablecoin depeg, and slashing. Amulet is also looking and assessing the fundamentals for a Wallet Cover. So, if you have invested in crypto, now is the time to protect it against would-be thieves and hackers

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Given the recent increase in crypto-related crimes, DeFi cover is a worthy investment. Amulet has developed the first Protocol-Controlled Reserves (PCR) approach in the whole risk protection industry, which offers protection from smart contract vulnerability and soon stablecoin depeg, and slashing. Amulet is also looking and assessing the fundamentals for a Wallet Cover. So, if you have invested in crypto, now is the time to protect it against would-be thieves and hackers.

https://amulet.org/blog/crypto-wallets-how-secure-are-they/

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As Solana Breakpoint @SolanaConf is just around the corner, this exciting event marks 1 year since the start of Amulet journey.

Amulet Protocol wouldn't exist without @solana or @hackerhouses and neither would Amulet rise to protect #web3 users from potential exploits.

[TokensandCoins]

From October 15 the token $amtSOL has now been listed on coingecko - https://www.coingecko.com/en/coins/amulet-staked-sol?ref=amuletprotocol

$amtSOL is an interest-bearing token as well as liquid $SOL derivative and proof of ownership of $SOL staked by users in AmuletProtocol 's liquid staking pool

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Amulet Protocol proud to announce that we're working with  @cer_live to analyse security ratings🔒

CER is a cybersecurity platform that Amulet is utilising to understand the security of DeFi protocols during our risk assessment process! 💻

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Amulet Protocol set up official @Linktree_account 🙌

This is first version, Amulet going to continue to add more links to it over the coming days! 💪

Share this with your peers and introduce them to  simple, reliable cover for #web3

Link: https://linktr.ee/amuletprotocol

[TokensandCoins]

AmuNation AMA Recap (25th October 2022)

On Tuesday 25th October 2022, The AmuNation took part in an AMA hosted by Rob (Marketing), Hakon (Business Development) and Martin (Community). Below is the audio and transcript from the event for your reference.

In this AMA we discussed:

Amulet MainNet
AmuNation App
NFTs
Community
Ambassador Program
AUWT and AMTSOL information
Tokenmonics
Much more!

https://amulet.org/blog/amunation-ama-recap-25th-october-2022/