Amulet Finance Launches Mainnet Protocol in 24 Hours, Innovates DeFi with Self-Repaying Loans and New $ATOM Use Case

Sep 26, 2024, 08:02 PM

Amulet Finance has successfully launched its protocol on the mainnet in just under 24 hours, marking a significant milestone in the decentralized finance (DeFi) sector. The launch allows users to access innovative features such as self-repaying, liquidation-free loans on cross-chain staked assets. This new development is co-funded by AADAO and Neutron_org, and brings further value to the Cosmos Hub. Users can now use their stATOM to mint amATOM while continuing to earn staking rewards. The platform also introduces a new use case for $ATOM, offering potential earnings in Ignots and possible airdrops. The ATOM Accelerator congratulated Amulet Finance on this achievement.