HomeNEWSDecentralized Exchange Uniswap Adds Tool To Bolster Crypto Donations to Ukraine

Decentralized Exchange Uniswap Adds Tool To Bolster Crypto Donations to Ukraine


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In a bid to render support to the ongoing political situation in Ukraine, decentralized exchange (DEX) Uniswap has created an interface that allows users to swap any ERC-20 token for Ethereum (ETH) and donate it to the Ukrainian government, all in a single transaction.

Uniswap took to its official Twitter page on Tuesday to tweet:

“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.”

In addition, the protocol also explained further about the one-click. It said; the interface is built in a way that anyone who wishes to donate but holds other ERC-20 tokens, can do so in just a single click.

Decentralized Exchange Uniswap Champions Crypto Donations to Ukraine

Since Russia’s invasion of Ukraine, donations worth tens of millions of dollars of crypto has been made to the Ukrainian government and NGOs on ground.

In fact, following the Ukrainian government sharing Bitcoin and Ethereum addresses for donations at the start of the week; it has received over $8 million and $7 million worth of Bitcoin and Ethereum respectively.

Also, the Ukrainian government announced on Twitter earlier today, that it now accepts Polkadot donations too. And it also said clearly, that more cryptocurrencies would follow soon.

Ukraine Sees Global Support

Meanwhile, blockchain analytics firm Elliptic has claimed that the total amount of cryptocurrency donations that the Ukrainian government and NGOs have received so far, have surpassed $20 million yesterday.

Apart from the donations sent directly to Ukrainian government addresses, there’s another active fundraiser. Dubbed ‘Support Ukrainian Sovereignty’, the fundraiser has reportedly raised no less than $511,000 to date.

Meanwhile, there’s another NGO that has so far raised several millions of dollars according to Elliptic. And, ‘Come Back Alive’ that was previously suspended by crowdfunding platform Patreon for “funding military activity,” is the NGO.

Read more:

Russian-Ukraine conflict pushes bitcoin downwards

Ukraine To Test Digital Currency Built on Stellar Network

Ukraine opens Polkadot wallet to fight Russia

mayowa adebajo
mayowa adebajo
Mayowa Adebajo is a fintech enthusiast with a decade long experience writing news stories and creating content generally. When he's not writing, he's either talking politics or discussing sports.

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