2 years ago
"We built this interface truthful anyone who wants to donate but holds different ERC-20 tokens tin bash truthful with 1 click," said the Uniswap team.
On Tuesday, decentralized exchange, oregon DEX, Uniswap launched an interface that straight converts ERC-20 tokens, specified arsenic Aave, Chainlink (LINK), and Decentraland, to Ether (ETH). These coins are past sent to the authoritative crypto wallet addresses of the Ukrainian government, each successful a azygous transaction.
In explaining the rollout, Uniswap claimed that the code shared by the Ukrainian authorities is located connected a centralized speech and lone accepts ETH and Tether (USDT). Thus, the diagnostic simplifies the donation process for anyone holding ERC-20 tokens connected Uniswap's database and who wishes to donate by connecting their wallet to the DEX.
2/ The code shared by the Ukrainian authorities is simply a centralized speech that appears to judge lone USDT and ETH. We built this interface truthful anyone who wants to donate but holds different ERC-20 tokens tin bash truthful with 1 click.https://t.co/0BfhARcgxS
— Uniswap Labs (@Uniswap) March 1, 2022But successful a tweet cited by the Uniswap team, members of the crypto assemblage person expressed interest that "keys to these wallets are held by a centralized Ukrainian exchange" and are asking for a much "secure custody approach." Nevertheless, the Ukrainian authorities rolled retired its enactment for Polkadot (DOT) donations earlier today. Its founder, Gavin Wood, personally donated $5.8 cardinal successful DOT to the recently supported address. The blockchain assemblage has been progressive successful helping Ukraine defy an ongoing war. Donations aside, efforts specified arsenic nonfungible tokens drops to enactment Ukrainian artists and Ukraine DAO person besides gained traction.
At the clip of work and per information tracked by Cointelegraph, crypto donations received by the Ukrainian authorities and non-profit organizations operating successful the state had surpassed $53 million. The numbers are besides based connected tracked projects and bash not relationship for donations betwixt individuals oregon those made via respective altcoins. Notable donations initiatives see Kuna's Reserve fund of Ukraine, Come Back Alive, arsenic good arsenic Bitcoin (BTC), ETH, USDT, DOT sent straight to wallet addresses verified by the Ukrainian government. It's worthy noting, however, that the surge successful the donations' worth partially stems from superior appreciation from an ongoing rally successful the cryptocurrency markets.
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