Amulet Price

At its core, Amulet represents a unique approach to insurance within the blockchain space. Its defining features include:

• Parametric Protection Mechanism: This innovative component automates payouts for pre-defined risks, such as smart contract failures, thereby eliminating the need for tedious claims processes. Users can benefit from swift compensation in the event of an incident, significantly enhancing the user experience[3][14].

• Yield-Backed Claims (YBC): Unlike traditional insurance models, Amulet leverages the yield generated from deposited assets to fund insurance payouts. This approach mitigates reliance on external capital, ensuring a more sustainable operating model[3][14].

• Protocol-Controlled Underwriting (PCU): This novel concept allows Amulet to manage underwriting reserves organically, rather than depending on external liquidity providers. Such a structure fosters autonomy and contributes to a more resilient financial ecosystem[10][15].

Amulet targets a diverse range of sectors within the Web3 landscape, including DeFi users, non-fungible token (NFT) marketplaces, and metaverse applications. Its aim to scale risk protection across various platforms cements its role as a crucial player in the industry[7][10].