Amulet is building a vision of simple, reliable cover for everyone in #Web3. Built on and backed by Solana.
Maximum protection and yield, fully protected through Protocol Controlled Underwriting.
1.Give a concise and brief introduction about Amulet Protocol. How does the decentralized risk protection protocol works in Amulet?
— Amulet is simple and reliable cover for everyone in web3. We hear every single day about an exploit within DeFi and although cover protocols exist, we’ve arrived with a unique model (PCR) and we’re focused on Rust-based ecosystems. We’re expected to launch on the mainnet in a weeks time, we’ll start on Solana and we were backed by Solana Ventures in our seed funding round. We have arrived to provide web3 users that extra level of security to keep your assets safe.
2. What are the features of Amulet Protocol that makes it superior and special as compared to its competitors?
— I’ll correct here to Amulet Protocol! haha! We have redefined cover and risk protection models. Protocol Controlled Reserve (PCR) is our way to ensure that when we pay out, the money comes from a yield rather than stakers. If you look at the recent UST crisis, other cover protocols like Unslashed and InsurAce paid out big bucks as they offered stablecoin depeg situation. They upset stakers in the process and had to come up with exciting reward programs to make up for it. Payouts coming from a yield avoids us having to have this issue. We’re also the first in Solana and we’re focused on Rust, we think this will create more opportunities in the future from a product perspective than other cover protocols.
3.Now Can you Provide a Overview about AmuNation App. How can people earn from AmuNation?
— Indeed! Our community is epic and it’s growing every single day. AmuNation is what we call our community members and the app was designed to show our uniqueness from day dot. The app is a gamified incentive program where you can earn your way to valuable rewards such as our NFTs. Tasks are updated regularly and you can earn AmuPoints depending on the task you do. There’s a leaderboard and also a Jackpot slot machine. Join our campaign here: http://amunation.amulet.org. Refer all your friends too, it’s a once in a lifetime opportunity to earn rewards with genuine and real use case value.
4. We heard that amulet testnet is now live, So What are the functions that available in testnet? ? and How People can join?
— Indeed and there are tasks on the AmuNation app to use our TestNet so you can earn while also testing our functionality etc. TestNet is open already and we’ve had incredible responses. Access: testnet.amulet.org and you can provide feedback in our Discord channel: discord.gg/AmuletProtocol. All the functions are available to test, cover, underwrite and earn.
5. What Amulet Protocol achieved so far and what important updates and developments we’ll get in coming future in Amulet?
— We announced our project in April and since then we’ve focused on building our product and community. I’m quite proud of our Discord server and we’ve got plenty of language channels to include 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’ve got something going every day. Our audit comes out tomorrow. We have games nights for community (Poker tomorrow too! Come!) Our blog is the BEST place to catch up on everything: amulet.org/blog
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