Amulet Official Partnership with Tulip

Published on: 16.07.2022

Amulet, a decentralized insurance protocol built for the Rust-based ecosystem, announced its official partnership with Tulip Protocol, the first yield aggregation platform, built on Solana with auto-compounding vault strategies.

Amulet confirmed its official partnership with Tulip Protocol, Solana’s yield aggregation homestead! Both platforms will focused on Web3 and DeFi security for all!

Amulet will have its mainnet launch anticipated for the end of September. They will launch on Solana and they have been backed by SolanaVentures. This partnership strengthens their relationship with this powerful, fast, and low-cost blockchain!

Following their Francium and Port Finance official partnership announcements. Amulet is really excited to add TulipProtocol to its growing list of incredible projects with a real passion and belief in their industry and mass web3 adoption for all.

Introduction to Tulip Protocol

Tulip is the 1st yield aggregation platform, built on Solana with auto-compounding vault strategies.

Tulip offers 4 yield generation strategies for its users:

Lending
Auto Compounding Vaults
Leveraged Yield Farming
Strategy Vaults

The platform 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 (see attached image)

Tulip and Amulet Protocol will work together on marketing activities, reducing security threats and collaborating on a variety of ideas!

About Tulip

Tulip Protocol is the first yield aggregation platform built on Solana with auto-compounding vault strategies. The dApp is design 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.

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