Topic: Amulet - defi web3 cover protocol - page 4. (Read 1742 times)

I am not agree with it - check blockchains TVL.

AMUNATION
To begin with a short introduction to refresh your memory, literally in the abstract:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Hosting AMT brand wallet
You can save to Coin98 wallet.

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

Team Amulets

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

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

#amuletprotocol #crypto #cryptocurrency #amunation

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

Investors

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

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

Partners

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Amulet’s 2022 – 2023 Roadmap

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

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

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

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

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

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

Cover
Only 2% of digital assets in our industry are protected. Amulet Protocol offers additional protection to your digital assets with an array of solutions including smart contract vulnerability, stablecoin de-peg and NFT cover options.

Stake
Easily stake with peace of mind on Amulet Protocol. Amulet Protocol has 3 layers of protection between claims and assets. Staking is easy to do and more importantly, with the highest level of security behind it.

Earn
Amulet Protocol is built on advanced technology. Our hybrid claims management will see full automation on situations such as a trigger of a stablecoin depegging leading to payouts. Amulet Protocol also manages claim payouts through its DAO mode.

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

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

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

I would like to add to the comment above.
This project will solve:
1. Vulnerability of smart contracts: hacking of smart contracts is a trend of the 21st and 22nd years.
2. Dispatches of stablecoins: there are no comments here, after the UST case, everyone knows that stablecoins are not so stable.
3. Protection of NFT and wallets in development.
And
Risk underwriting and claims coverage are at the heart of any risk protection business. However, all existing Decentralized Finance RPPs ("DeFi") have faced a critical resiliency issue with respect to risk underwriting and claims coverage.
Amulet is creating an industry-first approach to risk protection based on protocol-controlled reserves ("PCR") in which Amulet will build reserves and implement a claims structure that incorporates a unique yield justification method ("YBC"). This is a significant change from the existing model of simply raising underwriters' capital directly to pay claims.
Social network:
Twitter - https://twitter.com/AmuletProtocol
Website - https://amulet.org/
If you are interested, then here is a complete guide - https://teletype.in/@metisovich/hhB6jjZ9wuD

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

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

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