Amulet partners with Drift

The Amulet Protocol is pleased to announce its partnership with Drift and the listing of their protocol on the Amulet MainNet. This partnership strengthens Amulet’s commitment to safeguarding web3 users by providing smart contract vulnerability coverage for Drift, a rapidly growing derivatives DEX on Solana.

Users can now stake $aUWT in the drift pool on Amulet and earn a starting approximate APY of 10.02%. Moreover, limited capacity is available for users to purchase cover immediately, providing an additional layer of security for their Drift assets.

Drift Protocol is an open-source decentralized exchange built on Solana that enables transparent and non-custodial trading on various cryptocurrencies. Drift v2 offers a full suite of DeFi tools that include trading perpetual swaps with up to 10x leverage, borrowing or lending at variable rate yields, staking, providing liquidity, and swapping spot tokens. These tools are powered by Drift’s robust cross-margined risk engine, designed to provide traders with capital efficiency and protection.

Security is a top priority for Drift Protocol, and the team has passed Amulet’s risk assessment and undergone audits by Trail of Bits and a Bug Bounty with Immunefi. Users can purchase smart contract vulnerability coverage with Amulet, further increasing their confidence in Drift Protocol.

To stake $aUWT in the Drift pool on Amulet, users can head over to the “Underwrite” section of the MainNet and search for the Drift Pool. They can then connect their wallet, read the terms, and stake the desired amount.

For users looking to purchase smart contract vulnerability coverage for Drift Protocol assets, they can do so by heading over to the cover section of the MainNet, connecting their wallet, and making the purchase.

Amulet Protocol is excited about this partnership with Drift and expects to list more exciting protocols in the coming weeks. Users with questions can reach out to the Amulet team on Discord.

For more information

Please see below our official links:

**Main Links**

Website: https://amulet.org/

Blog: https://amulet.org/blog/

Twitter: https://twitter.com/amuletprotocol

Telegram Announcement: https://t.me/amulet_announcement

AmuNation: https://amunation.amulet.org

Documentation: https://docs.amulet.org/