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

Amulet Protocol's Opportunity

DeFi has experienced exponential growth since the summer of 2020 with the influx of hundreds of billions in capital and the emergence of multibillion-dollar protocols in just a little over two years. Riding along this wave of explosive growth is a rapidly increasing demand for risk hedging

Crypto users often suffer losses from various threats, such as smart contract hacks, stablecoin de-pegs, market volatility, etc. In 2021 alone, $3B were lost to smart contract hacks. Among all available risk hedging tools, protection by way of cover has become the most prominent and effective approach to managing these risks.
Although Amulet has seen increased demand for cover products, currently less than 2% of overall DeFi TVL is covered. There is still a large void to be filled by RPPs.

Despite Ethereum and its affiliated EVM (Ethereum Virtual Machine) ecosystems’ dominance in DeFi, other Rust-based public chains are rapidly maturing, spearheaded in particular by Solana. According to Amulet's research, TVL on Solana is growing 5x faster than Ethereum, and this growth is expected to be stronger given the distinctive strengths of Solana centered around its lower cost and higher throughput.

Solana’s rise as a major layer 1 solution promises an alternative realm of possibilities. The broader Rust-based ecosystem is now $30B large. While there has been tremendous ecosystem growth and a large influx of top-tier talent into the space, this growth also invites more risk of attacks and bad actors.

At the moment, risk management solutions are still relatively scarce or non-existent on Solana and the Rust-based space at large, presenting Amulet with an incredible and unique market opportunity. Amulet expects major demand for its cover products and other risk management solutions along with Solana's continued growth and adoption.

https://amulet.org/

Amulet Protocol gives maximum protection and yield with Protocol Controlled Reserves

Amulet Protocol ("Amulet") is a decentralized risk protection protocol ("RPP") built for Rust-based ecosystems, 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.

Amulet's vision is to offer Simple, Reliable Cover 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 cover product offerings.

More info here: https://docs.amulet.org/documentation/

Following on from our latest bi-weekly report published on October 10th 2022, we’re delighted to provide the latest updates on what’s been going on at Amulet over the last 2 weeks. We hope this gives you an insight into some of the activities that we are working on and a reference for our recent major news.

Product and Technology

Ongoing MainNet development – https://app.amulet.org/#/underwrite/get
Ongoing website development.
Ongoing SEO development.
Ongoing discussions with the Solana team.
Ongoing discussions with security partners.
Ongoing claim process front/mid-end integration work.
Ongoing AmuNation app work
Amulet MainNet Stats:

529 Covers Sold (+258)
Total Cover Amount: $50,801 (+$30,421)
TVL: $338K (+$180k)
Marketing and Business Development

Ongoing AmuNation App, our Bounty Campaign http://amunation.amulet.org
Published new content on our YouTube channel.
Increased Linkedin activity.
Ongoing Task improvement for the AmuNation app and updated tasks.
Ongoing Blog development.
Ongoing Twitter and Discord development.
Ongoing Linkedin Development.
Ongoing community engagement development.
Integrated new robots for a better community experience on Discord.
Introduced 24/7 Music Channel onto Discord.
Took part in a LIVE walkthrough session showing how to underwrite with Amulet.
Hit 34k Twitter followers target.
Hit 28k Discord members target.
Hit 12k YouTube subscribers target.
Ongoing marketing discussions with potential partners.
Marketing campaign with Views Ecosystem.
Took part in an AmuNation AMA.
Hosted a Web3 Retreat with Hacken and Balancer for DevCon Bogota.
Preparations for Solana Breakpoint in Lisbon
Released an informative blog about Crypto Wallets.
Conducted an AMA with MetaMoonShots community.
Achieved being in the Top 5 projects on Solana with the highest engagement on Twitter.
Agreed a free NFT mint giveaway with JPoolOne.
Achieved over 1.2 million tasks being completed on AmuNation app.
2 Design competitions with AmuNation – winning AmuPoints and SOL.
Took part in a Twitter Space with Huobi Incubator.
Increased our community games to daily – very successful quizzes and poker night with full attendance.
Launched our TG announcement channel for CIS-Language.
“I Love Hacks” talk from Token 2049 video release on YouTube.
Amulet Protocol and $amtSOL listed on DeFi Llama.
$amtSOL listed on CoinGecko.
Updated our Roadmap to include recent achievements.
Highlights of staking featured on CoinTelegraph.

Our YouTube channel has got its own handle!

We often convert our main reports into video form for you to browse quickly! 📹

We will also increase our content here

Join the 12.2k subscribers who follow Amulet via: http://www.youtube.com/@amuletprotocol

Since launching our AmuNation app https://amunation.amulet.org/intro, users have exceeded our expectations and taken to the daily tasks in huge numbers. Our campaign is still running and there will be multiple opportunities to earn our NFTs over the coming days and weeks. Unlike other bounties and airdrops, the longer you remain engaged, the more chance you have to get your hands on our valuable NFTs.

We’re pleased to provide some further information about our NFTs plus some additional news about our forthcoming airdrop.

What are AmuNation NFTs?

Now that we’ve launched onto the MainNet – https://app.amulet.org/ It’s a great time to start providing more information about our NFTs and the value attached to them.

We’re pleased to officially confirm that our NFTs will be known as MetaBears. These cute, adorable bears with mountains of personality are not just cool to look at but contain real utility and, therefore, real value.

Split into 3 tiers, Gold MetaBears will have the highest level of value, Silver MetaBears are mid-range and Bronze are more common. As of today, November 2nd 2022, we will have a supply of 88 Gold, 888 Silver and 8,888 Bronze. Some of these have already been earned through the hard work promoting Amulet but there are still plenty more to distribute.

AmuNation AMA Recap (25th October 2022)

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

In this AMA we discussed:

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

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

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

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

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.

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, 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 (our dedicated community) 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!

Purchasing Amulet NFTs is possible within the AmuOutlet. Amulet NFTs unlock great rewards depending on the level.
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.

Amulet Protocol is a decentralized insurance protocol built for the Rust-based ecosystem, starting with the Solana blockchain.

TL/DR

    👉 First DeFi insurance protocol on Solana
    👉 Multiple layers of protection via one protocol
    👉 Protects stakers while ensuring payouts
    👉 Multi-chain strategy with focus on Rust ecosystem

Amulet Protocol addresses the market demand for an insurance protocol native to Solana and the broader Rust ecosystem. Amulet will use its deep learnings from DeFi insurance to offer the simplest solution possible.

For latest news and updates:

Website: https://amulet.org/
Blog: https://amulet.org/blog/
Twitter: https://twitter.com/amuletprotocol
Telegram Announcement: https://t.me/amulet_announcement

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

There is no answer from support ( ticket XVE-700-74496) and Telegram admin for two days.
Be careful to invest in this team!

ialcea - code for new players. +250 gala from me!

Very soon will be great update of CG

Announcing high-quality rewards from launching spaceship explorations.

Prize pools:

Pellaeon Class: Glore, Beryl (greatly increased ), Geo pieces
Star Destroyer: Beryl, Sapphire, Gala (greatly increased), ZUSD, Bryne pieces, ETH pieces
Prometheus: Sapphire, ZPT, ZUSD, USDT, Planet, Exporation cards, Yuri pieces, ETH pieces, BTC pieces.

https://medium.com/@zeepin/crypto-space-exploration-cryptogalaxy-v2-0-9-is-coming-de558c0e0525

Telegram:
https://t.me/CryptoGalaxyOne

Статистика стала более информативнее: https://mergedfolding.net/distribute/1Afu3r4XUqfq4mQBoa3bYLTGs6h34ZHezs

https://docs.google.com/spreadsheets/d/e/2PACX-1vTJsOr8nq2bnWrKfB2JBQ91sNH7xB_1_XhRbW3TysiHrfsZAVY5lOpWRQIUDQg7fNfTkpdhYReGFFjy/pubhtml#

But TheGobOne isn't in the spreadsheet anymore.