$AMT is Amulet's governance token. It primarily gives $AMT token holders the right to vote and participate through governance in the protocol's development and initiatives such as but limited to:

  • Treasury utilization and rewards distribution

  • Claim validity

  • Target capital requirements

  • New products listing

  • Treasury buyback thresholds

  • Determining future protocol objectives

Value Accrual

Given the nature of Amulet's business, several features have been adopted from leading DeFi protocols in designing $AMT to enable robust governance and attract patient capital to the protocol. Long-term holders will be able to enjoy certain features and benefits such as:

  • Boosted rewards through vote-escrowed $AMT ($veAMT).

  • Revenue sharing.

  • Eligibility for Amulet's membership and loyalty program.

More details on Amulet's $veAMT mechanics:

  • $AMT holders are able to lock their $AMT and receive $veAMT for periods of e.g., 1 month, 6 months, 1 year, or a maximum of 4 years.

  • “Points” will be allocated to $veAMT holders in proportion to their staking periods. These points are used to determine the allocation of additional rewards on top of the usual base $AMT rewards. The highest rewards will be distributed to the longest holding periods.

  • Points allocated to $veAMT holders will decrease linearly over time with the rewards adjusted accordingly.

To illustrate how the rewards system may work under $veAMT, assume base rewards to be 100,000 $AMT per day and $veAMT rewards to be 200,000 $AMT per day. Total $AMT staked in the $AMT pool is 40M, 50% of which is currently locked (20M). A new user adds and locks another 10M $AMT in the $AMT pool for 4 years (i.e. the maximum locking period). In this scenario, the rewards distribution will be:


Base Rewards = 10M / 50M * 100,000 $AMT

20,000 $AMT

$veAMT Rewards = 10M / 30M * 200,000 $AMT

66,667 $AMT

Total Rewards

86,667 $AMT

Rewards Per Day (% of Locked $AMT)


Users who lock their $AMT tokens with Amulet potentially accumulate significantly higher rewards than if they had simply staked for base rewards. Amulet also plans to accrue more value back to $AMT token holders and price by executing buyback operations, using treasury funds to purchase $AMT on open markets and re-distribute them back to $AMT stakers and lockers. Hence, with the value of $AMT rewards being tied directly to the protocol's performance over time, long term members who hold the most $AMT tokens benefit the most from Amulet's investments and core revenue stream.

Distribution Schedule

The initial total supply of $AMT is set to 1,000,000,000. The majority of $AMT's supply (68%) is reserved for business incentives and ecosystem growth, whereas the rest are for fundraising, liquidity bootstrapping, and team incentives. The distribution details are set out below:

Token DistributionDistribution %Vesting Period



10% unlock upon token generation event (TGE), 6-month cliff then linear vesting per block over 3 years.

Team & Advisors


5% unlock upon TGE, 6-month cliff then linear vesting per block over 3 years.



Percentage is dependent on the IDO platform.

Initial Liquidity Bootstrapping


Percentage is dependent on listing schedules on DEX and CEX platform.

DAO Reserves


Reserved for liquidity provision on exchange listing, strategic partnerships, and marketing.

Business Incentives Reserve


Used for business development incentives such as liquidity mining, underwriting incentives, CAP rewards, airdrops, etc.

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