This grant application is about Amulet V2, which will have some major changes. Amulet V2 will bring completely new storyline and aims to be the leader of this narrative. Amulet V2 returns to Ethereum and will revolutionize DeFi and web3 investment security. One important thing to mention is that Amulet doesn't have its own token just yet. Unfortunately, we are unable to disclose any further information about V2 prior to the launch of our marketing campaign. We would be more than delighted to provide additional details about V2 once our marketing campaign is launched.
Info about Amulet V1:
Amulet Protocol V1("Amulet") is a decentralized risk protection protocol ("RPP") built for Rust-based ecosystems, starting with the Solana blockchain. Amulet has designed an innovative and open risk protection model which not only effectively addresses the common challenges of existing decentralized RPPs, but also the whole decentralized risk protection sector.
With its Protocol-Controlled Reserves ("PCR") approach in which Amulet builds up reserves and introduces a claim structure involving a unique Yield Backed Claim ("YBC") method, Amulet's model is a significant change from the incumbent model of simply drawing directly on the underwriters' capital to make claim payouts.
Amulet's vision is to offer Simple, Reliable Cover for everyone in Web3. With the addition of Amulet, users in the entire Rust-based ecosystem will gain access to a new and sustainable way to hedge various risks with cover product offerings.
We will start by using the resources from our previous round. This includes financial capital, intellectual property, technology, and existing customers and user base. These resources will provide us with a solid foundation to build upon. If necessary, we will consider raising additional funds through a strategic round for V2. This will be assessed on a case-by-case basis, ensuring that the partners we bring on board align with our long-term vision and can contribute more than just capital.
Our experienced team will be key in executing our vision. We will bring our expertise to the table, making informed decisions and guiding the project strategically. We will leverage the expertise and knowledge within our team to innovate and create solutions that lead in our new narrative. This includes staying up-to-date with industry trends and technologies, attending relevant conferences etc.
We will continue to strengthen strategic partnerships, both existing and new. These partnerships would provide access to new opportunities, technologies, and resources that will help us achieve our goals faster and more efficiently.
To ensure the project's sustainability, we will focus on several areas:
a. Revenue Diversification: We will diversify our revenue streams, reducing dependence on any single source. This could involve expanding product or service offerings.
b. Cost Optimization: We will regularly assess and optimize our operational costs to maintain profitability and sustainability.
c. Scalability: We will design our systems and processes with scalability in mind.
d. Community Building: We will continue to grow our existing community around our project.
e. Regulatory and Compliance: We will stay informed about relevant regulations and ensure compliance.
Project Impact
New Narrative Amulet V2 introduces completely new storyline that will bring innovation into the Taiko's ecosystem. By aiming to be the leader of this narrative, it will set trends and shape the direction of developments within its domain. This leadership will inspire other projects and drive this narrative forward.
Revolutionizing DeFi and Web3 Security: Amulet's focus on revolutionizing DeFi and web3 investment security aims to address a critical issue in the blockchain space. Security concerns have been a recurring challenge, with hacks and vulnerabilities affecting users and projects. Amulet V2's efforts in this area could lead to safer and more reliable DeFi and web3 applications, which would benefit both users and the broader blockchain community.
Token: While Amulet doesn't currently have its own token, this could be seen as an opportunity for future expansion. The introduction of a native token could create new incentives and use cases within the ecosystem, potentially attracting a larger and more engaged user base.
Team Information
Oliver Xie - Founder:
Former CTO at APEX (Asia Pacific
Exchange), and Head of Digital Asset;
10+ years experience in financial market business and technologies;
Hands-on builder in web3 and risk financing sector.
Jimmy Yuen - Product Lead:
8+ years as an actuarial specialist at Willis Towers Watson, Deutsche Bank, Manulife and Canada Life;
Institutional investment strategist:
Experienced in risk modeling and risk management;
University of Waterloo graduate.
Sum Wei - Tech Lead:
10+ years in Microsoft and IBM;
Senior research engineer at IBM
Research;
Lead security architect at the IBM
Blockchain Innovation Centre:
Core contributor to projects such as CBDC on Hyperledger, RTGS, Shared-KYC, and Project Ubin,
Dan Thomson- Marketing lead:
A serial entrepreneur in building high-growth startups, expert in digital marketing and community building:
6+ years experience in the digital asset management;
Former Goldman Sachs, and Cambridge MBA graduate.
Ludan Wang: Insurance Business advisor
CEO and Principal Officer of WTW
Singapore.
20 years of experience in the insurance industry, covering a whole suite of global insurance businesses;
Hands-on understanding of web3 and digital assets.
InsurAce is a leading on-chain decentralized insurance alternative that provides peer-to-peer risk coverages for a variety of risks in the digital assets market. With over 2 years in operation, InsurAce has helped the community members cover $375M+ digital assets, 155+ protocols, 20 chains for web3 native risks such as smart contract vulnerability, stable-coin depeg, custodian, bridge transaction, slashing, MPC cover etc.
Additional Information
No response
Agreement
[X] I agree to comply with the terms and conditions of the grants program
Project Description
This grant application is about Amulet V2, which will have some major changes. Amulet V2 will bring completely new storyline and aims to be the leader of this narrative. Amulet V2 returns to Ethereum and will revolutionize DeFi and web3 investment security. One important thing to mention is that Amulet doesn't have its own token just yet. Unfortunately, we are unable to disclose any further information about V2 prior to the launch of our marketing campaign. We would be more than delighted to provide additional details about V2 once our marketing campaign is launched.
Info about Amulet V1:
Amulet Protocol V1("Amulet") is a decentralized risk protection protocol ("RPP") built for Rust-based ecosystems, starting with the Solana blockchain. Amulet has designed an innovative and open risk protection model which not only effectively addresses the common challenges of existing decentralized RPPs, but also the whole decentralized risk protection sector. With its Protocol-Controlled Reserves ("PCR") approach in which Amulet builds up reserves and introduces a claim structure involving a unique Yield Backed Claim ("YBC") method, Amulet's model is a significant change from the incumbent model of simply drawing directly on the underwriters' capital to make claim payouts. Amulet's vision is to offer Simple, Reliable Cover for everyone in Web3. With the addition of Amulet, users in the entire Rust-based ecosystem will gain access to a new and sustainable way to hedge various risks with cover product offerings.
Category
Surprise Us 🤫
Timeline
- V2 coming in Q4 2023 - TGE early next year
Q3: build start - tech, prod., marketing, preparation, BD starts Q4: Brand awareness marketing and community building, Beta Launch (soft launch), narrative pushing-out, Auditing, Formal Launch
TGE early next year
Project Plan
We will start by using the resources from our previous round. This includes financial capital, intellectual property, technology, and existing customers and user base. These resources will provide us with a solid foundation to build upon. If necessary, we will consider raising additional funds through a strategic round for V2. This will be assessed on a case-by-case basis, ensuring that the partners we bring on board align with our long-term vision and can contribute more than just capital.
Our experienced team will be key in executing our vision. We will bring our expertise to the table, making informed decisions and guiding the project strategically. We will leverage the expertise and knowledge within our team to innovate and create solutions that lead in our new narrative. This includes staying up-to-date with industry trends and technologies, attending relevant conferences etc.
We will continue to strengthen strategic partnerships, both existing and new. These partnerships would provide access to new opportunities, technologies, and resources that will help us achieve our goals faster and more efficiently.
To ensure the project's sustainability, we will focus on several areas:
a. Revenue Diversification: We will diversify our revenue streams, reducing dependence on any single source. This could involve expanding product or service offerings.
b. Cost Optimization: We will regularly assess and optimize our operational costs to maintain profitability and sustainability.
c. Scalability: We will design our systems and processes with scalability in mind.
d. Community Building: We will continue to grow our existing community around our project.
e. Regulatory and Compliance: We will stay informed about relevant regulations and ensure compliance.
Project Impact
New Narrative Amulet V2 introduces completely new storyline that will bring innovation into the Taiko's ecosystem. By aiming to be the leader of this narrative, it will set trends and shape the direction of developments within its domain. This leadership will inspire other projects and drive this narrative forward.
Revolutionizing DeFi and Web3 Security: Amulet's focus on revolutionizing DeFi and web3 investment security aims to address a critical issue in the blockchain space. Security concerns have been a recurring challenge, with hacks and vulnerabilities affecting users and projects. Amulet V2's efforts in this area could lead to safer and more reliable DeFi and web3 applications, which would benefit both users and the broader blockchain community.
Token: While Amulet doesn't currently have its own token, this could be seen as an opportunity for future expansion. The introduction of a native token could create new incentives and use cases within the ecosystem, potentially attracting a larger and more engaged user base.
Team Information
Oliver Xie - Founder: Former CTO at APEX (Asia Pacific Exchange), and Head of Digital Asset; 10+ years experience in financial market business and technologies; Hands-on builder in web3 and risk financing sector.
Jimmy Yuen - Product Lead: 8+ years as an actuarial specialist at Willis Towers Watson, Deutsche Bank, Manulife and Canada Life; Institutional investment strategist: Experienced in risk modeling and risk management; University of Waterloo graduate.
Sum Wei - Tech Lead: 10+ years in Microsoft and IBM; Senior research engineer at IBM Research; Lead security architect at the IBM Blockchain Innovation Centre: Core contributor to projects such as CBDC on Hyperledger, RTGS, Shared-KYC, and Project Ubin,
Dan Thomson- Marketing lead: A serial entrepreneur in building high-growth startups, expert in digital marketing and community building: 6+ years experience in the digital asset management; Former Goldman Sachs, and Cambridge MBA graduate.
Ludan Wang: Insurance Business advisor CEO and Principal Officer of WTW Singapore. 20 years of experience in the insurance industry, covering a whole suite of global insurance businesses; Hands-on understanding of web3 and digital assets.
Point of Contact
tg: @andreyworkis | email: andrey@metarisk.com | discord: andy.7
Previous Work
InsurAce is a leading on-chain decentralized insurance alternative that provides peer-to-peer risk coverages for a variety of risks in the digital assets market. With over 2 years in operation, InsurAce has helped the community members cover $375M+ digital assets, 155+ protocols, 20 chains for web3 native risks such as smart contract vulnerability, stable-coin depeg, custodian, bridge transaction, slashing, MPC cover etc.
Additional Information
No response
Agreement