The Uniswap project team entered the race to support Ukraine financially to support them to receive donations in Ethereum.
Uniswap is a leading decentralized crypto exchange built on the Ethereum blockchain network. In the present time, Uniswap is standing at first rank with a total of an average per day $2,113,623,036 trade volume.
On 1 March, Uniswap Labs announced its new protocol to allow the crypto community & supporters of Ukraine to donate ERC-20 based crypto assets directly to Ukraine’s official donation receiving addresses.
2/ The address shared by the Ukrainian government is a centralized exchange that appears to accept only USDT and ETH. We built this interface so anyone who wants to donate but holds other ERC-20 tokens can do so with one click.https://t.co/0BfhARcgxS
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(@Uniswap) March 1, 2022
Under this newly launched protocol, Developers already added Ethereum blockchain addresses of the Ukraine government at which they are receiving Ethereum.
When any user will try to donate then that person will be able to donate Aave, Chainlink’s LINK, and Decentraland’s MANA to Ether (ETH) and many more.
Uniswap Labs also stated that the main reason to launch this protocol was to open a portal for people to donate digital assets easily to Ukraine.
Ukraine seeking to add more crypto addresses
At present, the Ukrainian government is receiving Bitcoin, Ethereum, USDT, and Dot. All these are imposing a type of limitation to donate particular type of digital assets.
But the new efforts of Uniswap Labs will allow it to donate huge numbers of crypto assets, which are available at the Ethereum network.
Recently the Ukrainian Government officially stated on Twitter that they will add more other crypto addresses soon to support the country against Russia.
Polkadot founder Gavin Wood also donated more than $5 million worth of Dot tokens.
Read also: EU will not consider to ban Bitcoin
Uniswap launches protocol to support donations to Ukraine
https://bitcoinik.com/uniswap-launches-protocol-to-support-donations-to-ukraine/feed/
https://bitcoinik.com/uniswap-launches-protocol-to-support-donations-to-ukraine/feed/
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