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.
Topic: Amulet - defi web3 cover protocol - page 3. (Read 1742 times)
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.
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.
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.
🔥 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.
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.
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.
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.
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.
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 🔥
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 🔥
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!
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!
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.
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.
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.
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.
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.
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.
📜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
💸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
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/
https://amulet.org/
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!
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!
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
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
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.
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.
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
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
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
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
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!
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!
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
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
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.
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.
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