The Lemonade Foundation turns to blockchain to protect subsistence farmers from climate change


NEW YORK–(BUSINESS WIRE)–The Lemonade Foundation, the nonprofit organization founded by Lemonade to achieve exponential social and environmental impact through technology, today announced the formation of the Lemonade Crypto Climate Coalition.

The coalition is incorporated as a Decentralized Autonomous Organization (DAO), dedicated to building and distributing parametric, instantaneous, at-cost weather insurance to subsistence farmers and pastoralists in emerging markets. Alongside the Lemonade Foundation, founding members of the coalition include Avalanche, Chainlink, DAOstack, Etherisc, Hannover Re, Pula, and

Climate Insurance will be designed as a decentralized application (dApp) denominated in stablecoin on Avalanche, an environmentally friendly proof-of-stake blockchain. Farmers will be able to easily make and receive payments from their phones using global stablecoins or local currencies, just as they do for banking and payments today. A first deployment in Africa is planned for the year.

“The Lemonade Foundation was created to create technology with exponential impact,” said Daniel Schreiber, director of the Lemonade Foundation. “By using a DAO instead of a traditional insurance company, smart contracts instead of insurance policies, and oracles instead of claims professionals, we hope to leverage the communal and decentralized aspects of web3 and weather data in real-time to provide affordable, instant weather insurance to the people who need it most.

The Lemonade Foundation will provide the initial capital to support the DAO smart contracts, and over time all crypto investors will be able to fund the DAO liquidity pool. The DAO will also issue a governance token to reward participation from the wider community.

“Africa has about 300 million smallholder farmers. The majority of them face real climate risks to their livelihoods, as traditional indemnity-based insurance is often unaffordable or unavailable to them,” said Rose Goslinga, co-founder of Pula, an insurtech based in Kenya which specializes in digital and agricultural insurance. -risking millions of smallholder farmers across Africa. “This is where the power of the Lemonade Crypto Climate Coalition comes in: a chain solution that can have an immediate impact at scale will allow farmers to finally be financially protected against increasingly frequent risks such as drought. .

“We help developers and institutions enter a new era of economic fairness and transparency with web3. The Lemonade Crypto Climate Coalition is a great example of how innovative blockchain-based solutions can foster previously unavailable global financial inclusion,” said Sergey Nazarov, co-founder of Chainlink, the market-leading oracle solution.We plan to make the Chainlink team and platform available to L3C in an effort to protect the millions of farmers who depend on what they grow from the devastation of climate change. »

Learn more about the Lemonade Foundation and the Lemonade Crypto Climate Coalition here.

The Lemonade Crypto Climate Coalition will be featured at the Avalanche Summit on March 23, 2022.

About the Lemonade Foundation

The Lemonade Foundation is an IRC 501(c)(4) not-for-profit organization. The foundation was founded by Daniel Schreiber and Shai Wininger and funded by Lemonade shareholders prior to the company’s IPO. The Lemonade Foundation is an independent legal entity and is not owned or controlled by Lemonade, Inc. or its shareholders. The founders of Lemonade are currently trustees of the foundation.

More information can be found at

About avalanches

Avalanche is the fastest smart contract platform in the blockchain industry, measured by time to finality. Avalanche is incredibly fast, inexpensive and environmentally friendly. Any smart contract-enabled application can outperform its competitors by deploying on Avalanche. You do not believe it ? Try an app on Avalanche today.

About Chainlink

Chainlink is the industry standard for creating, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations to enable feature-rich applications. Chainlink currently secures tens of billions of dollars in DeFi, insurance, gaming, and other major industries, and provides global enterprises and major data providers with a universal gateway to all blockchains.

Learn more about Chainlink by visiting or reading the developer documentation at To discuss an integration, contact an expert.

About DAOstack

Founded in 2017, DAOstack pioneered the DAO space by creating the first operational on-chain DAO platform, on top of which the DXdao now manages a treasury of over $70 million, being the largest DAO in channel in the world. Currently, DAOstack is leading the way to DAO 2.0, a social operating system for large-scale collaboration enabling millions of people to self-organize around common goals and solve complex global challenges.

About Etherisk

Etherisc’s goal is to make insurance fair and accessible through its decentralized and open-source insurance protocol to collectively create insurance products on the Ethereum blockchain. Its open-source common infrastructure, the Generic Insurance Framework (GIF), includes shared smart contracts, product models, microservices, and the native cryptographic token (DIP) to enable seamless and efficient creation of decentralized insurance products, with increased transparency and fairness for all parties.

Since its launch in 2016 by a team of legal, financial and mathematical visionaries, the Etherisc protocol has been reinventing insurance solutions to democratize the process in the interest of the consumer. Projects currently hosted on Etherisc’s open-source generic insurance framework include FlightDelay Insurance, Crop Insurance, and Hurricane Protection.

About Hanover Re

Hannover Re, with a gross premium of more than 27 billion euros, is the third largest reinsurer in the world. It operates in all branches of damage and life and health reinsurance and is present on all continents with more than 3,000 employees. Founded in 1966, the Hannover Re group today has a network of more than 170 subsidiaries, branches and representative offices around the world. The Group’s German business is underwritten by the subsidiary E+S Rück. The most relevant rating agencies for the insurance industry have awarded both Hannover Re and E+S Rück outstanding financial strength ratings: Standard & Poor’s AA- “Very Strong” and AM Best A+ “Superior”.

About Pula

Pula is a Kenya-based insurtech that designs and provides agricultural insurance and digital products. These products help smallholder farmers cope with climate risks, improve their farming practices and increase their incomes over time. By 2021, Pula had insured over 65.1 million smallholder farmers for a total amount of $1.41 billion across 15 countries in Africa and Asia through its flagship Area Yield Index Insurance product. Pula has won numerous awards, including the Singapore Fintech Award, Women’s World Banking Award, African Insurance Award, and Credit Suisse Innovation Award. In 2021, U+ named Pula one of the “Top InsurTech Innovators to Watch”.

About is the world’s leading weather and climate security platform, helping countries, businesses and individuals manage their weather and climate security challenges. The platform is fully customizable for any weather-affected industry. Customers around the world, including Uber, Delta, Ford, National Grid and more, use to dramatically improve their operational efficiency. was designed from the ground up to help teams prepare for the business impact of weather by automating decision-making and enabling climate adaptation at scale. For more information, visit:

About tomorrow now

TomorrowNow is a visionary 501(c)(3) nonprofit founded to bridge the gap between the latest innovations in weather safety and the communities that need it most. Our motivation? Ensure that ALL, even the poorest in society, can survive and thrive in our changing climate. The consequences of climate change are being felt now and those most affected are the least equipped to act and adapt. TomorrowNow connects the latest climate action data and tools to at-risk communities so people can be better prepared today, while investing in the long-term transformation of weather systems to ensure inclusivity and sustainability for tomorrow.


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