Amulet Protocol is delighted to confirm that we have listed our partner Marinade Finance on the MainNet.
2023 has started very brightly for Amulet and we’ve been making solid progress with community growth, TVL increase and cover sales. Now, we’ve added Marinade on our MainNet, ensuring that we can protect as many users of the Solana ecosystem as possible.
After passing our risk assessment with flying colours, this is the first stage of our partnership together with further activities announced in due course.
Staking $aUWT into the Marinade Pool (APY at time of writing is approx 8.9%) and purchasing cover for Marinade assets is already available here: app.amulet.org
To understand the terms and conditions of our Smart Contract Vulnerability Cover, please refer to this document.
More about Marinade:
Marinade Finance is a non-custodial liquid staking protocol within the Solana ecosystem. One of the biggest and most well-known projects within Solana, Marinade allows users to stake $SOL for $mSOL which can be used in DeFi.
There are a variety of reasons why staking with Marinade is valuable to the user:
- Total control over accounts and tokens
- Unlock stake for a tokenised version to be used in DeFi
- Permission-less, open-sourced delegation formula with 450+ validators
- No charges for staking and unstaking
- 6% fee on rewards
- Solana native with epic community!
Since launching, Marinade has made incredible progress. Their statistics are public and can be found here.
Marinade take security extremely seriously and that is why they were keen to form this partnership with Amulet – ensuring their users receive an extra layer of protection to their assets.
As well as undertaking a variety of audits, bug bounties and other security assessments, Marinade explains very clear how they approach any potential risks within the industry. Check it out here.
So start staking Solana and earn rewards without your funds locked in: https://marinade.finance
How to Stake $aUWT into Marinade Pool on Amulet:
Staking $aUWT into our Marinade pool allows users to earn high APY rewards while also providing capacity for Marinade users to purchase our smart contract cover. Head over the “Underwrite” section of our MainNet and search for Marinade Pool. The starting APY% is 8.98%:
Via app.amulet.org:
- Click “Underwrite”
- Find “Marinade Finance” and expand
- Connect wallet
- Read terms
- Stake chosen amount
How to purchase Smart Contract Vulnerability cover for Marinade assets:
After successfully passing our own reviews and analysis, Marinade passed the assessment to be listed on our MainNet. This means that users can use Amulet to purchase cover and protect their assets against smart contract exploits.
Capactiy is currently available at time of writing for users to purchase protection immediately.
Head over to the cover section on our MainNet, connect your wallet and purchase your cover.
Start today: app.amulet.org
We’re really excited with this news and we know you will be too. We’ve got some more exciting protocols expected to be listed in the coming weeks.
If you have any questions, our team is available on Discord: discord.gg/AmuletProtocol