Roy and the Lemonade Crypto Climate Coalition built a fully-automated crop insurance program on #Avalanche, to help farmers like Eunice Jesang, who are increasingly at risk due to the stronger, more erratic storms of climate change.
Eunice Jesang, a farmer in Kenya, insured her whole maize crop for $0.83 🤯
She relies on her harvest for income, and she was able secure insurance in the event of a climate-driven catastrophe, providing financial protection that wasn’t possible before!
Roy notes that the coalition #ChoseAvalanche for three key reasons.
1️⃣ Avalanche is an eco-friendly protocol
2️⃣ Avalanche consistently achieves low transaction fees, a necessity for small insurance policies
3️⃣ Avalanche is compatible with existing infrastructure
“I believe that over time more and more financial products will either move or have corollaries in and on the blockchain. I think that this is one of the first projects to do that, but I believe that there will be many more.” - @royconfino
In Africa alone, there are hundreds of millions of subsistence farmers, and this is a proof of concept that Roy and his team hope to continue to build out further.
"The pioneering policies that Avalanche is now unlocking might just be the beginning".
Avalanche is launching Avaissance, an initiative designed to accelerate the careers of artists around the world and foster excitement around the #Avalanche NFT ecosystem.
Here are the program highlights👇
There are two pillars to Avaissance: an Artist in Residence program, and the Mona Lisa Initiative for digital art curation.
Over 50 artists will be selected to participate in the 6-month Artist in Residence program, with support from Avalanche and selected professional mentors.
Liquidity Book is built using concentrated liquidity which helps improve capital efficiency for LPs, simplified liquidity management, and the ability for LPs to create any type of liquidity structure they choose for a given market.
Improving capital efficiency can benefit both LPs and traders. This is due to LPs being able to set the bounds of pricing for their liquidity, and traders benefit by potentially getting more competitive pricing with less slippage.
The Cortina Upgrade is coming! This latest version of AvalancheGo migrates the X-Chain to run Snowman++ consensus, making the X-Chain compatible with Avalanche Warp Messaging and making it easier for exchanges to support the X-Chain.
Cortina will activate on Fuji on March 30th.
The X-Chain migrating to Snowman++ means the entire network has moved to a single consensus engine. This reduces the size of the trusted computing base and increases the leverage of existing R&D efforts, which will enable faster development and more broadly-applicable innovation.
This unblocks the integration of Avalanche Warp Messaging (AWM) on the X-Chain and makes it much easier for exchanges to support the X-Chain, which will contain many of the staking tokens used on Elastic Subnets.
Today, @Shopify, @TYBXYZ, and #Avalanche joined forces to bring a Web3 Loyalty Platform to Shopify’s millions of merchants!
This integration unlocks a new world of possibilities for consumer-brand relationships👇
Through the TYB Shopify app, brands are able to connect with their community and reward them for their participation.
Now, when fans make a purchase, complete a gamified challenge, share social content, and more, they can automatically be awarded with tokenized rewards points.
Major brands such as @JuneShineCo, @topicals (Sephora’s fastest-growing skincare brand), Body, and LoverBoy have had success using TYB’s custom white label solution, with offerings that cultivate deeper engagements across the world. tyb.xyz/case-studies
DEFYCA is launching a protocol on #Avalanche that aims to open access to the $1.6T private debt market on-chain by tokenizing traditional debt securities & loan portfolios.
DEFYCA’s protocol aims to bridge institutional and decentralized finance to make real, securitized yield from the private debt markets available to a broader market segment. medium.com/avalancheavax/…
By bringing these assets typically reserved for institutional investors on-chain, DEFYCA intends to solve volatility challenges within decentralized finance while enabling faster trading in traditional markets. Here’s how that works 👇
"There are trillions of dollars in the securitized finance market, but transparency, liquidity, and efficiency are holding it back from even greater potential."
Siddhartha sat down for a quick interview to explain why Intain #ChoseAvalanche to build IntainMARKETS on a Subnet, how his platform uses AI, and where he sees securitized finance going.
Structured finance markets are inefficient and have lots of intermediaries in the process.
"Blockchain provided the first opportunity to get the system’s multiple entities — the issuer, the custodian, the rating agency, the servicer, trustee, investor — on a common platform".