What is Amulet

Amulet Protocol is a decentralized risk protection protocol ("RPP") built for the Rust-based ecosystem, starting with the Solana blockchain. Amulet has designed an innovative and open risk protection model which not only effectively addresses the common challenges of existing decentralized RPPs, but also creates a new paradigm shift for the whole risk protection sector.

Risk underwriting and cover claim lies at the core of any risk protection business. However, all existing decentralized finance (DeFi) RPPs have been facing a critical sustainability challenge for risk underwriting and claims.

Amulet is creating the risk protection industry’s first Protocol-Controlled Reserves ("PCR") approach in which Amulet will build up reserves and introduce a claim structure involving a unique Yield Backed Claim ("YBC") method. This is a significant change from the incumbent model of simply drawing directly on the underwriters' capital to make claim payouts.

https://app.amulet.org/#/underwrite/get