Programmatic Claims

This approach is suitable for parameterized cover products, such as stablecoin de-peg cover. Its trigger criteria are clear and simple enough to be programmed and automatically executed when the necessary conditions are met (e.g. stablecoin falls a certain predefined amount below its peg). Users will be able to enjoy a much faster claims process and greatly reduced burden to supply proof of loss. At the same time, Amulet will be able focus more on protocol development and bringing industry-leading products to market.