The Lemonade Crypto Climate Coalition

Published on: 01.04.2023
The Lemonade Crypto Climate Coalition

The Lemonade Crypto Climate Coalition brings principles to its Avalanche-powered initiative in Kenya.

Chainlink, DAOstack, Lemonade, Etherisc, Hannover Re, and Pula are collaborating to build accurate, fully automated crop insurance models.

The Lemonade Crypto Climate Coalition offers policies at-cost and with the speed, reliability, and low fees of Avalanche, making small-but-mighty policies possible.

Chainlink oracles send data on-chain to the application’s smart contracts, prompting instant payouts. Avalanche stablecoins hold policy funds. Chainlink oracles send data on-chain to the application’s smart contracts, prompting instant payouts. Avalanche stablecoins hold policy funds.

         Roy Confino spearheads the Lemonade Crypto Climate Coalition’s Kenya project

Roy notes that the coalition deployed on Avalanche for three reasons. Ava Labs purchases carbon credits to offset Avalanche’s minimal carbon footprint.

Second, Avalanche consistently achieves low transaction fees, a necessity for small policies. Third, Avalanche is compatible with existing infrastructure, making it familiar to builders.

About Lemonade

The Lemonade Foundation is a nonprofit founded by Daniel Schreiber and Shai Wininger and funded by Lemonade shareholders prior to the IPO. It is independent and not owned or controlled by Lemonade, Inc. or its shareholders. Lemonade’s founders currently serve as directors in the foundation.

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SOURCE: https://medium.com/avalancheavax/builder-spotlight-the-lemonade-foundation-and-insuring-smallholder-farmers-with-avalanche-78d45ff5a37a

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