AMULET PROTOCOL
DeFi has experienced exponential growth since the summer of 2020 with the influx of hundreds of billions in capital and the emergence of multi-billion dollar protocols in just a little over two years. Riding this wave of explosive growth is a rapidly increasing demand for protection against blockchain risks. Crypto users often suffer losses from various threats, such as smart contract hacks, stablecoin de-pegs, market volatility, etc. In 2021 alone, $3B were lost to smart contract hacks. Among all available risk hedging tools, protection by way of cover has become the most prominent and effective approach to managing these risks. this is where the Amulet Protocol comes to play. To begin with, what is Amulet Protocol? Amulet Protocol is a decentralized risk protection protocol built for the Rust-based ecosystem, starting with the Solana blockchain. Amulet has designed an innovative and open risk protection model, which not only effectively ad...