# amtSOL

## amtSOL Introduction

**amtSOL** is an interest-bearing token as well as liquid SOL derivative and proof of ownership of SOL staked by users in Amulet's liquid staking pool. With amtSOL, users can:

* Redeem amtSOL for their SOL and staking rewards earned.
* Provide underwriting capital to earn a portion of the revenue from cover sales.
* Participate in other DeFi activities with Amulet's partners (Coming soon).

**Token address**: SoLW9muuNQmEAoBws7CWfYQnXRXMVEG12cQhy6LE2Zf

*Note: Amulet is applying for the amtSOL listing on CoinGecko currently.*

## amtSOL Price <a href="#usdamtsol-price" id="usdamtsol-price"></a>

The price of amtSOL is calculated as follows:

$$
\mathit{PRICE}*\mathit{amtSol} = \frac {\mathit{STAKE}*\mathit{SOL} + \mathit{REWARD}*\mathit{SOL} } {\mathit{SUPPLY}*\mathit{amtSol}}
$$

where

* $$\mathit{STAKE}\_\mathit{SOL}$$ = Total amount of SOL staked in Amulet's liquidity staking pool (including rewards)&#x20;
* $$\mathit{SUPPLY}\_\mathit{amtSOL}$$ = Token supply of amtSOL
* $$\mathit{REWARD}\_\mathit{SOL}$$= PoS rewards earned

Amulet will implement a staking strategy where staked SOL will automatically be delegated to validators to collect and distribute rewards. As the rewards continue to accumulate, amtSOL's price will gradually increase with each passing epoch.

{% hint style="info" %}
To learn more about Solana Staking, please refer to <https://docs.solana.com/implemented-proposals/staking-rewards>
{% endhint %}

## amtSOL Token Address

<https://solscan.io/token/SoLW9muuNQmEAoBws7CWfYQnXRXMVEG12cQhy6LE2Zf>