Amulet (AMU): Generating High Yields Without Sacrificing Low Risks

What is Amulet (AMU)?

Amulet is a yield aggregator that integrates top yield-generating protocols to offer a safe, secure, and direct avenue to profit. Developed by a team of dedicated DeFi and security experts, Amulet also has a distinctive focus on security through its built-in protection mechanism, AmuShield.

How Amulet (AMU) Works

Automated Strategies: Simplifying DeFi Yields

Amulet's automated yield strategies are the center of the protocol. These strategies gather users' funds for auto-compounding in leading DeFi projects, which leads to reduced transaction costs and optimized returns. The strategies are meticulously designed to manage risks, oversee portfolios, assess underlying protocols, and optimize transaction costs. This makes user experience pleasant and convenient, costs minimized, and security maximized.

AmuShield: Strengthening Security in DeFi

Amulet boasts its focus on safety and security with AmuShield, a parametric protection mechanism that ensures the safety of users' deposited assets. AmuShield consists of three crucial components:

• Vault Manager monitors the underlying pool's current price 24/7 and triggers emergency asset retrievals in case of an attack.

• Amulet Vault suspends operations to prevent increased exposure and systematically attempts to retrieve residual funds from the underlying pool.

• Amulet Safety Fund offers basic financial coverage to compensate users for losses sustained.

In the event of a security breach, the vault manager initiates emergency asset retrievals based on a Trigger Price, protecting users' assets and providing a safety net through the Amulet Safety Fund. Users can feel secure knowing that their assets are continuously monitored, and in the unfortunate event of an attack, Amulet has a comprehensive plan for emergency asset retrieval and compensation.

AmuVerse: Celebrating the Community

Amulet goes beyond security and yield strategies; it fosters a vibrant community through AmuVerse. This loyalty program is designed to reward community members for contributing sustainable liquidity and fees to the Amulet protocol. Through the Referral Program, users not only get rewarded for bringing new participants into the ecosystem but also gain access to unique incentives and rewards.

Dual-Token Model: AMU for Governance and veAMU for Rewards

AMU

AMU is the governance token of the Amulet protocol. It allows holders to decide matters regarding veAMU token and incentives distribution. It also empowers holders to vote, implement changes, and channel incentives to align liquidity and fees with high-quality yield opportunities. 60% of total supply of AMU is reserved for business incentives and ecosystem growth to make sure that the Amulet protocol can foster a vibrant community and have sustainable growth.

veAMU

Currently under development, veAMU aims to address the problem of cyberattacks in the crypto market by giving better rewards to people who use safe platforms in DeFi. So, basically, if a user uses these high-yield low-risk platforms and supports veAMU, they can earn more rewards and benefits.

Acquiring veAMU involves staking assets to farm AMU or acquiring AMU directly from an exchange, then locking AMU on Amulet's platform for veAMU. The more AMU locked for longer periods, the more veAMU granted.

AMU Goes Live on Bitget

Amulet sets itself apart in the competitive DeFi space through its holistic approach to user safety, automated yield strategies, and community-building initiatives. By trading AMU, the native token of Amulet, you not only support the development of DeFi towards a more inclusive, sustainable, high-yield, and low-risk ecosystem, but also get rewarded in various ways for doing so.

AMU is listed on Bitget on January 23 . Trade AMU on Bitget now!

How to Trade AMU on Bitget

Step 1: Go to AMUUSDT spot trading page

Step 2: Enter the amount and the type of order, then click Buy/Sell.

For detailed instructions on how to spot trade in Bitget, please read The Uncensored Guide To Bitget Spot Trading .

With a focus on user security, community engagement, and simplified yield generation, Amulet acts as a movement towards a safer and more inclusive DeFi ecosystem. As the project continues to evolve, the future prospects look promising, positioning Amulet as a key player in shaping the next wave of decentralized finance.

Trade AMU on Bitget now!

Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.