Amulet Finance
We have decided to award Amulet Finance a 65,225 NTRN grant to launch its application on Neutron's Mainnet. Amulet Finance is an excellent example of a new application on Neutron that takes advantage of the chain's native interchain features, and we are optimistic that it will help massively grow Neutron's burgeoning DeFi ecosystem.
Neutron Grants Program
February 26, 2024
75000
Neutron Grants Program Batch #2 — Amulet Finance
Thesis
We have decided to award a 65,225 NTRN grant to Amulet Finance to launch their application on Neutron's Mainnet. Amulet Finance is an excellent example of a new application on Neutron that takes advantage of the chain's native interchain features, and we are optimistic that it will help massively grow Neutron's burgeoning DeFi ecosystem.
Grant Deliverables
The deliverables are as follows:
- Launch of Amulet Finance on Neutron mainnet with the ATOM strategy live
- Launch of wstETH and stATOM strategies
For Milestone 1 completion, the criteria are as follows:
- Launch of Amulet Finance on Neutron mainnet with the ATOM strategy live
For Milestone 2 completion, the criteria are as follows:
- Launch of wstETH and stATOM Strategies
For Milestone 3 completion, the criteria are as follows:
- Amulet Finance reaching a close-of-day TVL of $2M, excluding any potential AADAO deployment
Grant Payment Terms
- Upfront Payment: 19,568 NTRN
- Milestone 1 Payment: 22,829 NTRN
- Milestone 2 Payment: 16,306 NTRN
- Milestone 3 Payment: 6,523 NTRN
Further information
- Website: https://amulet.finance/
- Social Media: https://twitter.com/AmuletFinance
- Documentation: https://docs.amulet.finance/welcome-to-the-amulet-finance-testnet/testing-amulet-finance
Note
The applicable NTRN for the previously agreed equivalent dollar amount was fixed using a 30-day moving average of the NTRN closing price as of February 12th, 2024.