We've created a 🧵 to highlight our investors! 👇
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tl;dr:
👌 Amulet, the first Rust-based #DeFi insurance protocol raises $6m
👌 The seed round was led by gumi and joined by several others
👌 Amulet will initially deploy on @solana and will adopt a multi-chain strategy
👌 Amulet will offer insurance solutions for #Web3
Apr 20, 2022 • 18 tweets • 7 min read
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What's Amulet? 🤔
Amulet is a decentralized insurance platform designed for Rust-based ecosystems, starting with @solana
Amulet has designed an innovative and open insurance model to address common #DeFi insurance challenges and create a paradigm shift for the whole sector
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Amulet is creating the industry's 1st Protocol-Controlled Underwriting (PCU) approach to combat fleeting capital
Amulet will build its own underwriting capabilities and introduce multiple layers of claims buffers to safeguard staked capital while providing claim payouts
