We’re excited to announce that Umoja Labs is officially joining the Chainlink BUILD program. As a part of BUILD, we aim to accelerate ecosystem growth and long-term adoption of seamless, Web3-powered payments infrastructure in emerging markets by gaining enhanced access to Chainlink’s industry-leading oracle services and technical support, as well as incentivizing greater cryptoeconomic security, in exchange for a commitment to provide network fees and other benefits to the Chainlink community and service providers, including stakers.
Our participation in BUILD furthers our integration with Chainlink, with added benefits of priority support from the Chainlink ecosystem, increased access to dApps, ecosystems, and communities needing decentralized payments infrastructure, and stronger incentive alignment between the Chainlink and Umoja Labs communities.
We’re confident that through enhanced support, secure off-chain services, and the backing of Chainlink’s vibrant community, we can accelerate awareness of Umoja Labs and unlock Web3’s global potential to become a truly global value layer.
Umoja Labs: Building Payments Infrastructure for Emerging Markets
Umoja Labs’ mission is to build Web3 payments infrastructure for the real world, with a specific focus on emerging markets that lack robust financial infrastructure, from payments to funding.
To realize this vision, we provide developers with the tools needed to solve some of the most mission-critical challenges that emerging markets face today, including:
Money API—An internationally compliant developer toolkit for seamlessly integrating local payment methods into decentralized applications.
Umoja Protocol—A DeFi credit platform that connects global capital to private debt deals, with an initial focus on African enterprise.
Umoja Pay—Infrastructure that provides phone-compatible wallets and mass-payout tools built for hard-to-reach rural environments.
Why We Joined Chainlink BUILD
Umoja Labs joined BUILD to maximize the benefits of security and reliability that Chainlink’s oracle infrastructure provides. As part of BUILD, Umoja Labs will receive key benefits, including access to and integration of reliable fiat currency prices from Chainlink Price Feeds, secure monitoring of asset-backed tokens through Chainlink Proof of Reserve, reliable and automated liquidation management provided by Chainlink Automation, and access to new Chainlink product alpha and beta releases, among other benefits.
In exchange for these services, Umoja Labs will make 4% of its native token supply available to Chainlink service providers, including stakers, over time. These mutually aligned economic incentives enable both communities to support one another.
“One of the first and most important value propositions of Web3 is its ability to provide secure, reliable, and decentralized financial infrastructure that’s truly global. By joining Chainlink BUILD, we’re able to accelerate our mission to serve emerging markets by gaining access to industry-standard oracle services, technical support, and a robust cryptoeconomic model that empowers us to build all of our infrastructure with greater security assurances.”—Robby Greenfield IV, CEO of Umoja Labs.
About Chainlink
Chainlink is the industry-standard Web3 services platform and has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries. As the leading decentralized oracle network, Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link. To discuss an integration, reach out to an expert.
About Umoja Labs
Umoja Labs is democratizing Web3 payments in emerging markets through innovative digital wallet, mass-payout, and DeFi credit solutions. Born from ConsenSys Social Impact, Umoja Labs is has deployed its products with the likes of Care International, Oxfam, Save the Children, Coinbase, and World Vision amongst many others.
Learn more about Umoja Labs by visiting umoja.money.