As a launch date is announced, preparations for the Amulet Mainnet launch are in progress.
The official date for the Amulet mainnet debut is September 29, 2022. In April, the development team revealed Amulet and made the news on the $6 million seed fundraising round.
The AmuNation app, the testnet, the gamified bounty, and the audit report were all successfully launched by the team in August. After this initial success, plans are currently being prepared for the mainnet launch, which will take place in conjunction with a launch celebration at token 2049 in Singapore.
What needs to be known?
Amulet's primary goal is to provide everyone in Web3 with straightforward, dependable protection that offers maximum return and is also completely safeguarded by Protocol Controlled Reserves (PCR). In reality, less than 5% of the digital assets in this sector are safe. As a result, Amulet Protocol offers extra protection for digital assets through a number of solutions, including smart contract vulnerability, stablecoin de-peg, and preparations for NFT cover alternatives.
Additionally, users of Amulet can stake with confidence. Amulet Protocol provides three layers of security between claims and assets. The process of staking is straightforward and, more importantly, it offers a very high level of security. Additionally, Amulet Protocol is founded on the creative application of the most current and pertinent cutting-edge technology. Complete automation of the hybrid claims handling will occur in circumstances like a stablecoin depegging trigger that results in payouts. Claim payouts are managed via the DAO paradigm of the Amulet Protocol.
Past accomplishments and future objectives
Amulet has thus far amassed a number of remarkable accomplishments. For instance, it has a highly vibrant and engaged community that now numbers more than 25,000 people. The success of the testnet is also greatly attributable to the AmuNation community. Amulet's distinctive cover approach, the audit review, the statement that it is the first cover protocol on Solana, and the previously mentioned $6 million raised through initial funding, which was headed by Gumi Cryptos Capital, are other successes.
The team's long-term objectives will center on getting multi-chain and then launching it, with the intention of becoming the biggest cover protocol in the entire Web3 by this time next year. The official roadmap makes it possible for you to view the entire strategy at any moment.
The Amulet
For the Rust-based ecosystem, Amulet is a decentralized risk protection protocol that was originally used on Solana. All users of Web3 financial products have access to a financial safety net thanks to decentralized risk protection protocols. They include oracle failures, cutting risk, stablecoin de-peg risk, smart contract risk, and other risks. Over $3 billion was lost due to smart contract hacking in 2021 alone, making the risk of smart contract vulnerabilities very significant. Users and developers can benefit from a more secure and largely risk-free Web3 thanks to Amulet's protection against these more prevalent DeFi risk kinds, as well as NFT and metaverse-related offers.
Amulet has a unique business potential because risk management solutions are still under-represented on Solana and in Rust-based ecosystems in general. Amulet is consequently working hard to create the first PCR strategy in the risk management sector. In comparison to the prior paradigm of renting underwriting capital, this constitutes a considerable change.
For more information and regular updates, visit the official website along with the Twitter, Telegram and Discord channels.