Amulet is the first Web3 platform that combines investment and insurance, empowering web3 users to earn safely with built-in loss protection.

Deeply rooted in the Solana ecosystem, Amulet V1 started as the first and only DeFi insurance protocol on Solana since early 2022. Since then, we have evolved into Amulet V2, a one-stop platform that fuse yield and protection. Amulet has been expanding to the wider Web3 space to include Ethereum and its L2s, providing safe yields to a wider user base.

Our platform offers a unique blend of enhanced yield strategies, transparent risk profiles, and parametric protection, allowing users to earn risk-adjusted yields within a secure and innovative environment.

Backed by Solana Ventures, Gumi Cryptos, Animoca Brands and other top investors, Amulet’s vision is simple and clear - build a safe space where web3 users of all levels can earn with peace of mind.

What is Amulet?​

Amulet (AMU) stands out as a pioneering Web3 discovery platform that merges yield opportunities with risk management strategies, a concept known as RiskFi. This decentralized risk protection protocol is deeply integrated into Rust-based ecosystems, supporting both Solana and EVM platforms. Amulet offers a comprehensive insurance coverage for various sectors within the crypto world, including GameFi, ensuring users can earn safely with built-in loss protection.

The platform's native token, AMU, plays a crucial role in governance and utility functions, enhancing user engagement through a Loyalty Program. Amulet's journey began in early 2022 as the first decentralized insurance protocol on Solana, evolving into Amulet V2 to provide a one-stop solution that combines yield and protection. This evolution has expanded its reach to include Ethereum and its Layer 2 solutions, broadening its user base.

Amulet's unique approach includes enhanced yield strategies, transparent risk profiles, and parametric protection, allowing users to earn risk-adjusted yields in a secure environment. The platform is backed by prominent investors such as Solana Ventures, Gumi Cryptos, and Animoca Brands, reinforcing its vision to create a safe space for Web3 users of all levels.

What is the technology behind Amulet?​

Amulet, symbolized as AMU, stands as a pioneering force in the decentralized finance (DeFi) world, particularly within the Solana blockchain. The technology behind Amulet, known as RiskFi, ingeniously merges yield opportunities with risk management strategies. This dual approach allows users to earn returns while simultaneously safeguarding their investments.

The backbone of Amulet's operations is the Solana blockchain, renowned for its high throughput and low transaction costs. Solana's architecture employs a unique consensus mechanism called Proof of History (PoH), which timestamps transactions to ensure they occur in a specific sequence. This method enhances the efficiency and speed of the network, making it an ideal foundation for Amulet's complex insurance and yield-generating activities.

Security is paramount in the blockchain space, and Amulet leverages Solana's robust infrastructure to prevent attacks from malicious actors. The decentralized nature of the blockchain, combined with cryptographic techniques, ensures that data is immutable and transparent. Additionally, Solana's consensus mechanism, Proof of Stake (PoS), involves validators who are incentivized to act honestly, as their staked tokens can be slashed if they engage in fraudulent activities. This system significantly reduces the risk of double-spending and other common blockchain attacks.

Amulet's role extends beyond just being an insurance protocol; it is a comprehensive DeFi hub that caters to a wide array of emerging technologies in the crypto space. The platform offers features such as staking, swapping, and liquid staking, providing users with multiple avenues to engage with and benefit from the DeFi ecosystem. By integrating these functionalities, Amulet ensures that users can maximize their returns while maintaining a secure and transparent environment.

One of the standout aspects of Amulet is its status as the first Rust-based DeFi insurance protocol. Rust is a programming language known for its performance and safety, making it an excellent choice for developing secure and efficient blockchain applications. This technical foundation allows Amulet to offer reliable and scalable solutions to its users.

Amulet V1 marked its inception as the first and only DeFi insurance protocol on Solana in early 2022. Since then, it has evolved into Amulet V2, a one-stop platform that fuses yield and protection. This evolution has seen Amulet expand into the broader Web3 space, including Ethereum and its Layer 2 solutions, thereby providing safe yields to a wider user base. The platform's unique blend of enhanced yield strategies, transparent risk profiles, and parametric protection allows users to earn risk-adjusted yields within a secure and innovative environment.

The vision behind Amulet is supported by prominent investors such as Solana Ventures, Gumi Cryptos, and Animoca Brands. This backing underscores the platform's commitment to building a safe space where Web3 users of all levels can earn with peace of mind. By combining investment and insurance, Amulet empowers users to navigate the complexities of the DeFi landscape with confidence, knowing that their assets are protected against potential losses.

What are the real-world applications of Amulet?​

Amulet (AMU) is a pioneering Web3 platform that uniquely combines investment and insurance, providing users with the ability to earn safely with built-in loss protection. Deeply integrated into the Solana ecosystem, Amulet started as the first and only DeFi insurance protocol on Solana in early 2022 and has since evolved into Amulet V2, expanding its reach to Ethereum and its Layer 2 solutions.

One of the primary real-world applications of Amulet is in business development incentives. By offering AMU tokens as rewards, businesses can encourage growth and engagement within their ecosystems. This incentivization helps drive innovation and participation in various projects.

Liquidity mining is another significant application. Users can provide liquidity to decentralized exchanges and earn AMU tokens in return. This process not only supports the liquidity of the platform but also rewards users for their contributions, creating a mutually beneficial environment.

Amulet also plays a crucial role in loyalty programs. By integrating AMU tokens into loyalty schemes, businesses can reward their customers for their continued patronage. This fosters customer retention and enhances the overall user experience.

Staking rewards are a vital aspect of Amulet's ecosystem. Users can stake their AMU tokens to earn additional rewards, promoting long-term holding and stability within the platform. This staking mechanism also helps secure the network and maintain its integrity.

Community airdrops are another application where AMU tokens are distributed to users to promote awareness and engagement. These airdrops can help attract new users and incentivize existing ones to participate more actively in the platform's activities.

Risk management strategies for Web3 users are a cornerstone of Amulet's offerings. By providing decentralized insurance, Amulet helps users mitigate risks associated with their investments. This protection allows users to participate in the DeFi space with greater confidence and security.

Amulet's integration with DeFi, NFTs, yield generation, arbitrage, and decentralized insurance further showcases its versatility. Users can leverage AMU tokens in various financial activities, enhancing their earning potential while benefiting from the platform's built-in protections.

Amulet's unique blend of enhanced yield strategies, transparent risk profiles, and parametric protection allows users to earn risk-adjusted yields within a secure and innovative environment. This combination of features makes Amulet a comprehensive solution for Web3 users seeking both growth and safety in their investments.

What key events have there been for Amulet?​

Amulet, a pioneering Web3 platform, merges investment and insurance to offer users secure earning opportunities with built-in loss protection. Deeply integrated into the Solana ecosystem, Amulet has made significant strides since its inception.

Amulet V1 launched in early 2022, marking its debut as the first and only DeFi insurance protocol on Solana. This initial version focused on providing decentralized insurance solutions, leveraging Solana's high-speed and low-cost transactions to offer users a seamless experience.

The release of Amulet V2 represented a major milestone, transforming the platform into a comprehensive solution that combines yield generation with protection. This evolution allowed Amulet to expand its offerings beyond Solana, incorporating Ethereum and its Layer 2 solutions to cater to a broader user base. The platform's enhanced yield strategies, transparent risk profiles, and parametric protection mechanisms have been pivotal in attracting a diverse range of users seeking risk-adjusted returns.

Amulet has also implemented a loyalty program to incentivize and reward its community. This program has been instrumental in fostering user engagement and retention, ensuring that participants remain active and invested in the platform's growth.

The native token, AMU, plays a crucial role in the ecosystem. It is used for governance, allowing token holders to participate in decision-making processes, and for incentives, rewarding users for their contributions and loyalty.

Amulet's active participation in the Solana blockchain and DeFi ecosystems has been marked by its involvement in various events and conferences related to cryptocurrency and blockchain technology. These engagements have helped Amulet to forge strategic partnerships and expand its offerings on the Solana blockchain, utilizing its Proof-of-Stake (PoS) network for consistent returns and insurance services.

Backed by prominent investors such as Solana Ventures, Gumi Cryptos, and Animoca Brands, Amulet's vision is to create a secure environment where Web3 users can earn with confidence. The platform's commitment to innovation and user protection continues to drive its development and expansion within the broader Web3 space.

Who are the founders of Amulet?​

Amulet (AMU) stands as a pioneering Web3 platform that merges investment and insurance, offering web3 users a secure environment to earn with built-in loss protection. Despite its innovative approach and deep integration within the Solana ecosystem, specific details about the founders of Amulet remain undisclosed. The platform, which evolved from Amulet V1 to Amulet V2, is backed by prominent investors like Solana Ventures, Gumi Cryptos, and Animoca Brands. However, no information regarding the individuals behind its creation is available at the time of writing.