What is Amulet (AMU)

1. Project Introduction
Amulet Protocol is a decentralized insurance protocol within the Solana ecosystem. The core features of Amulet V2 include Amulet Vaults and AmuShield, providing users with both yield opportunities and security protections. Users can deposit their assets into Amulet Vaults, which generate returns through predetermined yield strategies managed by smart contracts, such as PoS staking, liquid staking, and leveraged mining. AmuShield ensures asset security through 24/7 asset monitoring, an emergency response mechanism, and parameterized insurance services. It has established a dedicated fund called the "Amulet Safety Fund," which, during the early stages of Amulet V2, consists of $10 million in AMU tokens and protective fees collected from the returns generated by Amulet strategies. Amulet plans to introduce more security partners later to expand the safety fund. When AmuShield detects that the price of LP tokens has fallen below a predetermined normal range, the insurance mechanism will automatically activate, providing users with swift asset compensation.
Summary: In the crypto space, hacking incidents occur frequently, leading some users to seek ways to generate returns while effectively mitigating risks. Amulet V2 combines yield strategies with embedded insurance, offering a user-centric one-stop yield platform. The official website indicates that it currently supports four chains: Solana, Ethereum, Polygon, and Optimism, with Amulet Vaults supporting protocols like Convex, Velodrome, Idle, Lido, and Jito.
2. Team & Investment Info
Andrej Sozonov: CBDO of Amulet (Head of Business Development), co-founder of the digital art and NFT branch of the Czech auction house Arthouse Hejtmánek, and co-founder of GA NIGHT.
Alex Iskandar: CTO, previously a software consultant at ThoughtWorks and Chief Engineer at NEC.
Funding: According to reports in April 2022, Amulet Protocol completed a $6 million seed round of financing led by Gumi Cryptos Capital, with participation from Republic, Solana Ventures, DeFiance Capital, Animoca Brands, United Overseas Bank, UOB-Signum Blockchain Fund, Mirana, NGC Ventures, LongHash Ventures, SevenX Ventures, CMT Digital, Matrixport, a41 Ventures, Solar Eco Fund, Daedalus, Cobo, and Re7 Capital.
3. Social Media URLs
X: https://x.com/AmuletProtocol
Telegram: https://t.me/amulet_announcement
Discord: https://discord.com/invite/aP7nKNQ9qC
4. Token Info
Token Symbol: AMU
Total Supply: 1,000,000,000
Token Type: Solana
Issuance/Burn Mechanism: Fixed supply
Contract Address:
https://solana.fm/address/AMUwxPsqWSd1fbCGzWsrRKDcNoduuWMkdR38qPdit8G8
Token Distribution:
Seed Round: 12%, 10% unlock upon TGE, 6-month cliff then linear vesting per block over 3 years.
Private Round: 8%, 10% unlock upon TGE, 6-month cliff then linear vesting per block over 3 years.
Team & Advisors: 15%, 5% unlock upon TGE, 6-month cliff then linear vesting per block over 3 years.
Exchange Liquidity Provision: 5%, depending on the exchange listing schedules.
DAO Reserves: 15%, reserved for liquidity provision on exchange listing, strategic partnerships, marketing and long-term development of the platform.
Protocol Risk Fund: 20%, locked up to bootstrap the risk vaults.
Business and Community Incentives: 25%, used for business development incentives.
5. Related Links
Official Website: https://amulet.org/
White Paper: https://docs.amulet.org/amulet-v2
LinkedIn: https://www.linkedin.com/company/amuletprotocol/
Other Info:
https://www.rootdata.com/Projects/detail/Amulet%20Protocol?k=MzEyNg%3D%3D