What is Amulet?
Founded in 2020, Amulet operates as a specialized DeFi insurance protocol designed specifically for rust-based ecosystems. In an industry where smart contract vulnerabilities and protocol failures pose significant risks to liquidity providers and retail investors, Amulet provides a necessary safety net. The platform leverages decentralized governance and automated underwriting to offer coverage that is both transparent and accessible. By focusing on the unique technical requirements of rust-based environments, Amulet has carved out a niche that addresses the specific security challenges inherent in modern blockchain architectures, positioning itself as a foundational element for institutional and retail adoption of decentralized finance.
How much funding has Amulet raised?
Amulet has raised a total of $6M across 1 funding round:
Angel/Seed
$6M
Angel/Seed (2022): $6M with participation from Solana Ventures, Republic Capital, and gumi Cryptos Capital
Key Investors in Amulet
Solana Ventures
The investment arm of the Solana ecosystem, focusing on accelerating the growth of projects building on the high-performance blockchain.
Republic Capital
A multi-stage venture firm that provides capital and strategic support to high-growth companies across the blockchain and fintech sectors.
gumi Cryptos Capital
gumi Cryptos Capital (gCC) is a boutique early-stage venture capital firm based in Silicon Valley that invests in the blockchain and cryptographic asset space, focusing on the crypto native stack from Layer 1 to application layers.
What's next for Amulet?
Looking ahead, the infusion of capital will likely be directed toward enhancing the protocol's underwriting capacity and expanding its coverage offerings across multiple blockchain networks. As the DeFi landscape matures, the demand for reliable, decentralized insurance products is expected to grow exponentially. Amulet is poised to capitalize on this trend by refining its risk assessment models and deepening its integration with major decentralized exchanges and lending platforms. The company's roadmap suggests a focus on long-term sustainability, aiming to mitigate systemic risks while fostering a more resilient ecosystem for digital asset holders. With the support of its current investor base, Amulet is set to transition from its initial development phase into a period of aggressive market penetration and product diversification.
See full Amulet company page
