Amulet Finance

Total Value Locked$29,162

Chain Breakdown
Neutron	$29.16k

USD ETH

Information

Protocol Information

Amulet is a set of smart contracts enabling users to obtain synthetics by way of self-repaying loans, called Advances, against their future yield on staking assets via Proof of Stake or LSTs. No Advances are ever liquidated as the synthetics are treated 1:1 with the native asset by the smart contracts. As yield is earned by a vault, it automatically pays down debt for all open positions against that vault.

Category: Synthetics

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Token Information

Methodology

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Competitors

Synthetix ($243.65m)Alchemix ($57.16m)Outcome Finance ($45.17m)Rumpel Labs ($35.15m)Youves ($31.37m)Metronome Synth ($14.52m)Taiga Acala ($2.98m)DefiChain Loans ($1.99m)Wrap Protocol ($1.23m)ThetaCash ($690.75k)