Amulet
  • Overview
    • Introduction
    • Problems Solved
  • Product
    • Liquid Staking
      • Stake SOL for amtSOL
      • Delegation Strategy
      • amtSOL
    • Liquidity Mining
    • Yield With Built-In Protection
      • Automated Strategies
      • AmuVaults
      • AmuShield
      • Amulet Safety Fund
      • Oracle Integration
      • Fees
      • 17-Point Risk Inspection
    • Cover Underwriting
      • Underwriting Mining
      • aUWT
      • Risk Underwriting
      • Risk Management
      • Product Offerings and Distribution
      • Pricing Model
      • Capital Management
      • Claim Assessment
    • Cover Products
      • Smart Contract Vulnerability Cover
      • Audit Refund Cover
  • AMUVERSE
    • What is AmuVerse?
    • Referral Program
  • Tokenomics
    • AMU
    • AMU Staking
    • veAMU
    • Treasury
  • Whitepaper
    • Amulet V1 Whitepaper
    • Amulet V2 Whitepaper
  • Roadmap
    • Roadmap
  • user guide
    • Liquid Staking Guide
    • Liquidity Mining Guide
    • Farming Guide
    • Cover Underwriting Guide
    • Buy Cover Guide
    • Cover Claim Guide
    • AmuVerse Guide
    • AMU Staking Guide
    • AMU Bridge Guide
  • security
    • Liquid Staking & Underwriting Audit Report
    • Yield Platform Audit Report
  • DEVELOPER
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On this page
  • Get aUWT
  • Step 1: Launch App and connect wallet
  • Step 2: Get aUWT
  • Stake aUWT
  • Step 1: Launch App and connect wallet
  • Step 2: Stake aUWT
  • Step 3: Claim rewards and Unstake aUWT
  • Redeem aUWT & Withdraw
  • Step 1: Launch App and connect wallet
  • Step 2: Redeem & Withdraw
  1. user guide

Cover Underwriting Guide

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Last updated 8 months ago

Get aUWT

Step 1: Launch App and connect wallet

Step 2: Get aUWT

Navigate to Underwrite

Choose the token you wish to stake and enter the amount. Then click "Confirm".

Approve the transaction in your wallet. No fees will be charged except the gas fees. Once the transaction is successful, you will see aUWT in your wallet. 🎉 And now you can participate in our basic premium sharing scheme by holding aUWT tokens.

Stake aUWT

Step 1: Launch App and connect wallet

Step 2: Stake aUWT

Navigate to Boost Underwrite

A list of pools will be displayed. You can search the pool using the search bar or the different filers.

Click anywhere on the row for the pool you wish to underwrite. It will expand to show more details. Click "Stake".

Enter the amount of aUWT you wish to stake on the pop-up window. Then click "Confirm".

Approve the transaction in your wallet. Once the transaction is successful, you will receive the respective LP tokens in your wallet. You can then view your staked amount and participate in our advanced premium sharing scheme.

Step 3: Claim rewards and Unstake aUWT

The shared premiums will be distributed to each underwriter in aUWT and auto-compounded, adding to the staked aUWT amount. The LP tokens you received for underwriting represent both your deposit and the rewards you get. Hence, to claim rewards, you can partially redeem the LP tokens to unstake aUWT.

Note: Unstake will be temporarily suspended if there are active claims. It will be reopened once all claims are settled.

Navigate to Boost Underwrite. Click on the pool you wish to unstake.

Click "Unstake".

Enter the amount of LP tokens you wish to redeem on the pop-up window. Then click "Confirm".

Approve the transaction in your wallet. Once the transaction is successful, you will receive the respective amount of aUWT in your wallet. 🎉

Redeem aUWT & Withdraw

Step 1: Launch App and connect wallet

Step 2: Redeem & Withdraw

Navigate to Underwrite -> Redeem aUWT

Note: Currently we only support the redemption of aUWT to amtSOL.

  • Enter the amount of aUWT you wish to redeem

  • Choose the withdrawal method: Instant or Delayed

  • Click "Confirm".

  • Approve the transaction in your wallet.

Instant Withdraw

amtSOL will be deposited into your wallet immediately with redemption fees ranging from 0.3% to 3%.

Delayed Withdraw

No redemption fees will be charged. However, you have to wait for some time to withdraw the redeemed amount.

You can check the time on your redeem ticket at the bottom. Click "Withdraw" to get the redeemed amount back to your wallet when this button is enabled.