Amulet is a decentralized finance (DeFi) protocol on Solana that offers risk coverage, staking, and liquidity provision, enabling users to earn yields while protecting their investments. The platform addresses the need for secure and efficient risk management in the DeFi space, allowing users to buy risk protection or underwrite coverage for others.
Funding
$6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
In the decentralized finance (DeFi) space, users face risks such as smart contract vulnerabilities, impermanent loss, and exploits, which can lead to significant financial losses. Existing risk management solutions are often fragmented and lack the comprehensive coverage needed to protect diverse DeFi activities.
Solution
Amulet is a DeFi hub on Solana that provides a suite of integrated services, including staking, restaking, risk coverage, lending, borrowing, liquidity provision, and swapping, all designed to maximize yields while minimizing risk. Users can stake SOL and its derivatives to earn staking rewards, restake liquid staking derivatives for higher yields, and provide liquidity to earn swap fees. The platform offers risk coverage, allowing users to buy protection against potential losses or underwrite coverage to earn premiums. Amulet aims to provide a secure and efficient environment for users to engage in various DeFi activities with integrated risk management.
Target Audience
Amulet targets DeFi users on the Solana blockchain who seek comprehensive yield-generating opportunities combined with integrated risk management solutions.
Features
- Liquid staking of SOL and SOL derivatives with native $AMU rewards
- Liquid restaking pools for enhanced yield opportunities
- Risk cover service to protect against smart contract exploits and other DeFi risks
- Decentralized exchange (DEX) aggregator for optimized swap rates
- Liquidity pools with diverse management strategies
- Lending and borrowing services to maximize crypto earnings
- Community-driven governance model with $AMU token rewards