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Amulet (Amulet Protocol) is a DeFi insurance protocol in the Solana ecosystem. It was launched in the first quarter of 2022. Its early goal is to provide users with simple and reliable insurance services. In the second quarter of 2022, Amulet completed a seed round of approximately US$6 million, led by Gumi Crypto. Other investors include Solana Ventures, Animoca Brands, NGC Ventures, Longhash Ventures, Mirana Ventures, Defiance Capital and SevenX funds. The development of Amulet V1 coincides with the prosperous development period of Solana ecosystem. After the FTX and Solana ecosystems encountered twists and turns, Amulet experienced a period of stable development. During this period, the Amulet team recently upgraded and released an integrated investment and insurance income platform based on its understanding of the actual needs of DeFi insurance users and analysis of the core pain points of the Web3 industry. Amulet said that Amulet V2, as an upgraded product, combines income strategies with embedded insurance to provide a user-centered one-stop income platform. The platform provides users with asset protection through transparent risk assessment and comprehensive risk management. At the same time, the deployment of Amulet V2 has covered multiple ecosystems such as Solana, Ethereum and mainstream L2.

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Amulet Protocol introduces a novel approach to DeFi, acting as a hybrid yield aggregator and insurance provider.

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