Exchange that is decentralized (DEX) Uniswap has created an interface that allows users to exchange any ERC-20 token for Ethereum and give it to the Ukrainian government in a single transaction.
“We designed an interface that swaps any token for ETH and then delivers it directly to the Ukrainian government in a single transaction to ensure that everyone who wishes to donate ERC-20 tokens to the Ukrainian government can do so,” Uniswap tweeted.
According to the protocol, the interface was designed so that “anyone who wishes to donate but holds other ERC-20 tokens can do so with one click.”
1/ To ensure that everyone who wants to donate ERC-20 tokens to the Ukrainian government 🇺🇦 can do so, we built an interface that swaps any token for ETH and then sends it directly to the Ukrainian government in a single transaction.https://t.co/3zuJLpmWNQ https://t.co/Fg3HSdbNSF
— Uniswap Labs 🦄 (@Uniswap) March 1, 2022
Donations of cryptocurrency to Ukraine
Following Russia’s invasion of Ukraine, tens of millions of dollars in cryptocurrency were contributed to the Ukrainian government and non-governmental organizations.
Earlier this week, the Ukrainian government released a Bitcoin and Ethereum donation address; blockchain records reveal that both accounts have received more than $8 million and $7 million in Bitcoin and Ethereum, respectively.
The Ukrainian government said earlier today on Twitter that it was now collecting Polkadot donations as well, with “additional cryptocurrencies” to follow.
According to Elliptic, a blockchain analytics business, the total amount of bitcoin donations sent to the Ukrainian government and non-governmental organizations (NGOs) surpassed $20 million yesterday.
A fundraiser called Support Ukrainian Sovereignty claims to have raised $511,000 to date, in addition to money submitted directly to Ukrainian government locations.
According to Elliptic, Come Back Alive, an NGO suspended by crowdfunding platform Patreon for “supporting military operations,” raised “many million dollars.”