Amulet Protocol is delighted to confirm its third and latest official partnership, with Tulip, Solana’s Yield Aggregation Homestead.
Amulet and Tulip have today confirmed their official long-term partnership. For Amulet, this is the third Solana-native project that we have partnered with in a matter of only days. This partnership will focus on security and deter potential hacks or violations.
Tulip is the first yield aggregation platform built on Solana with auto-compressing vault strategies. Like Amulet, Tulip has utilized the power of Solana’s blockchain and Tulip’s dApp is designed to take advantage of this.
Solana’s low-cost and high-efficiency blockchain allows for vault strategies to compound frequently. Tulip’s application benefits farmers as it allows them to provide higher APYs, lower gas fees and remove the requirement for active management.
Tulip offers 4 yield generation strategies for its users: Lending, Auto Compounding Vaults, Leveraged Yield Farming, and their newly launched Strategy Vaults. Tulip has always put its user’s security at the forefront of its project. Ensuring that all who get involved understand the various risks involved depending on what role they wish to play to take advantage of Tulip’s offering:
Tulip is also subscribed to the PRO plan with Sec3, an auto auditor software. Sec3 scans Rust programs for 40+ SVEs with every run, ensuring each update for Tulip code is reviewed. Their latest audits can be found here: https://tulip-protocol.gitbook.io/tulip-protocol/protocol/audits
Amulet also uses Solana to “BUIDL” and plans to launch across other chains within the Rust ecosystem over the coming months. Amulet is building simple and reliable cover for everyone on #Web3. Launching on the mainnet is preliminarily expected for the end of September.
Amulet and Tulip will work together over the coming weeks and months on various marketing activities, collaborating on ideas and, most importantly, finding further solutions to the ongoing issues of hacks and threats within the industry.
“Our garden of partnerships is starting blossom with the addition of Tulip. We’ve been working hard to confirm solid relationships with projects that have the same mindset as ourselves. Tulip is a big name within the industry, and they also utilize the power of Solana and Rust-based ecosystems. They want to eradicate hacks and threats within the industry and this announcement is the start of our journey to attempt it. We’re happy to have them onboard!”
Rupert Barksfield, Project Lead, Amulet.
About Tulip:
Tulip Protocol is the first yield aggregation platform built on Solana with auto-compounding vault strategies. The dApp (decentralized application) is designed to take advantage of Solana’s low cost, high efficiency blockchain, allowing the vault strategies to compound frequently. This allows stakers to benefit from higher APYs without requiring active management.
Join Tulip community:
Website | Twitter| Telegram | Discord
About Amulet:
Amulet is a decentralized risk protection protocol built for the Rust-based ecosystem, starting with the Solana blockchain. Amulet has designed an innovative and open cover model, which not only effectively addresses the common challenges of existing decentralized cover protocols, but also creates a new paradigm shift for the whole risk protection sector.
Amulet is creating the industry’s first Protocol-Controlled Underwriting (PCU) approach, in which Amulet will build up its own underwriting capabilities and introduce a claim structure involving a unique Yield Backed Claim (YBC) method. This is a significant deviation from the incumbent cover models of renting underwriting capability from capital providers to a more sustainable underwriting and claim structure controlled by the protocol. The vision of Amulet 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 way to hedge various risks with cover product offerings.
Join Amulet community: