# Proposal to Deploy Amulet on Osmosis

**URL:** <https://forum.osmosis.zone/t/proposal-to-deploy-amulet-on-osmosis/3762>\
**Category:** DApps / Tooling\
**Created:** [June 22, 2025, 6:06pm UTC](https://forum.osmosis.zone/t/proposal-to-deploy-amulet-on-osmosis/3762 "2025-06-22T18:06:09Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![AmuletFinance](https://avatars.discourse-cdn.com/v4/letter/a/46a35a/32.png) [@AmuletFinance](https://forum.osmosis.zone/u/AmuletFinance)\
**Post date:** [June 22, 2025, 6:06pm UTC](https://forum.osmosis.zone/t/proposal-to-deploy-amulet-on-osmosis/3762/1 "2025-06-22T18:06:09Z")

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This proposal seeks to grant the Amulet deployment address **osmo1arh3v7zfd46w6weqfgq4tgx9yff3udrywl25j4** , permission to upload contracts to Osmosis without requiring governance approval for each contract upload.

## Benefits to Osmosis

Amulet contracts are a new type of lending protocol on Osmosis, adding another use case for the OSMO token and providing an alternative way to interact with staking.

## About Amulet

Amulet is a self-repaying loan protocol, enabling users to borrow against their staked assets while maintaining yield. amOSMO represents OSMO that will be earned in the future from OSMO staked as collateral within Amulet. Therefore, unlike traditional LSTs, amOSMO does not increase in the underlying assets that it represents due to staking-derived yield but instead forms a market of users who wish to sell their future yield now for a discount vs the steady redemption of amOSMO into OSMO, establishing a self-repaying loan structure.

A user deposits OSMO into the Amulet vault and receives a loan of up to 50% of the OSMO quantity in amOSMO. This can then be used in secondary markets such as swapping, liquidity provision or deploying in locations that enable their acceptance as collateral for stablecoin or other borrowings. As the initial stake accumulates yield, withdrawals of the collateral are then permitted, and the protocol has underlying assets to offer to amOSMO holders for redemption.

### Amulet Resources:

- Website: [https://amulet.finance/](https://amulet.finance/)
- Documentation: [https://docs.amulet.finance/](https://docs.amulet.finance/)
- Introduction: [https://medium.com/@amuletfinance/introducing-amulet-unlocking-defi-on-cosmos-7449a88c1a60](https://medium.com/@amuletfinance/introducing-amulet-unlocking-defi-on-cosmos-7449a88c1a60)

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**Author:** ![LeonoorsCryptoman](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.osmosis.zone/leonoorscryptoman/32/208_2.png) [@LeonoorsCryptoman](https://forum.osmosis.zone/u/LeonoorsCryptoman)\
**Post date:** [June 23, 2025, 5:48pm UTC](https://forum.osmosis.zone/t/proposal-to-deploy-amulet-on-osmosis/3762/2 "2025-06-23T17:48:30Z")

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Did this already run on the testnet?

A self-repaying loan over time sounds quite interesting, but then it is just looking at the OSMO-amount, right?  
Is there also something looking at the $-value of the assets? Because that could fluctuate as well and influence the loan-collateral ratio, especially when a loan is taken against a stable asset.