Amulet Protocol is a decentralized risk protection protocol 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 management sector.
Risk underwriting and claims lie 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.
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.
The testnet is ongoing please join
