Amulet is delighted to confirm the listing of Meteora – an exciting addition to our MainNet offerings for users to protect their DeFi assets. This exciting announcement brings our number up to 20, as we continue to expand the array of protocols accessible to our users for staking and safeguarding their assets.
In this blog post, we’ll provide you with a walkthrough of how to use Meteor on Amulet. However, for those who prefer hands-on exploration to reading, seize the opportunity to jump directly into action at app.amulet.org.
Who are Meteora?
Meteora emerges as a dynamic force within the Web3 ecosystem, revolutionizing decentralized finance (DeFi) with its innovative protocol. Built on a robust infrastructure, Meteora leverages the power of blockchain technology to redefine lending dynamics, risk management, and capital efficiency.
As a decentralized lending protocol, Meteora introduces a suite of permissionless smart contracts that seamlessly interact with the blockchain, ensuring a secure and transparent lending experience. Real-time risk management mechanisms and automated liquidations provide users with peace of mind, safeguarding their assets even during market fluctuations.One of Meteora’s standout features is its interoperability, allowing seamless integration with third-party protocols.
This integration opens doors to a wider range of DeFi services, empowering users to consolidate their on-chain portfolios and access a broader spectrum of opportunities within the Meteora ecosystem
Meteora’s listing on Amulet Protocol further enhances user security. Through Amulet, users can protect their Meteora assets by purchasing smart contract cover and stake $aUWT tokens into the Meteora pool, unlocking rewards and contributing to the overall capacity for cover.
What next?
This exciting news has created more opportunities for the AmuNation. Users can take advantage of the Meteora listing in 2 ways:
Buy Cover:
- Head over to app.amulet.org
- Connect your wallet
- In the Cover section, search for Meteora (pictured below)
- Protect based on your needs
Users with MetaBears will have their premium discount applied automatically. Loyalty points will be rewarded for buying cover.
Boost $aUWT into Meteora Pool:
- Head over to app.amulet.org
- Connect your wallet
- In Underwrite section, under boost $aUWT, search for Meteora Pool (page 2)
- Stake $aUWT and provide capacity for users
- Earn ROI with a starting APY of 9.65%
For full terms and conditions of our smart contract vulnerability cover, please refer to this document: https://files.amulet.org/public/SmartContractCover.pdf
If you have any questions, reach out via Discord: discord.gg/AmuletProtocol