Incentive Structures

The following identifies the protocol’s key stakeholders and the core incentives used to motivate each stakeholder to participate within the protocol.

Stakeholder	Description	Incentives	Focus
User	Cryptocurrency owners looking to automate their asset management.	Provide affordable, simple, flexible, liquid, and broad-coverage asset management.
Staker	Degens, venture capital firms looking for strong APY returns (by staking the protocol’s Insurance Pool).	Earning an APY via uUSD for staking capital to the protocol to protect against Black Swan events.
Governor	Governors are community members and active protocol participants who want to help nurture and expand the Umoja ecosystem.	Vetokenomics - To govern, stakeholders must stake their UMJA with either uUSD in an 80/20 ratio to accrue veUMJA (i.e., voting power) over time. veUMJA holders also accrue rewards.