{"id":19666,"date":"2022-03-01T20:57:26","date_gmt":"2022-03-01T19:57:26","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=19666"},"modified":"2022-03-01T20:57:32","modified_gmt":"2022-03-01T19:57:32","slug":"uniswap-sets-up-an-interface-to-swap-erc-20-tokens-into-eth-donations-for-ukraine","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/uniswap-sets-up-an-interface-to-swap-erc-20-tokens-into-eth-donations-for-ukraine\/","title":{"rendered":"Uniswap sets up an interface to swap ERC-20 tokens into ETH donations for Ukraine"},"content":{"rendered":"\n
Uniswap exchange<\/a> has built an interface that allows anyone who wants to donate to Ukraine but holds other ERC-20 tokens to do so with ease,<\/h5>\n\n\n\n
\"Uniswap<\/figure><\/div>\n\n\n\n

Uniswap, a decentralized exchange, introduced an interface on Tuesday that allows users to convert ERC-20 tokens\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> like Aave, Chainlink's LINK, and Decentraland's MANA to Ether (ETH). The coins are then sent in one transaction to the Ukrainian government's official crypto wallet addresses.<\/p>\n\n\n\n

Uniswap said that the address supplied by Ukraine is on a centralized exchange that only accepts Ether and Tether in its explanation of the rollout (USDT).<\/p>\n\n\n\n

As a result, anyone owning ERC-20 tokens on Uniswap's list who wishes to give by connecting their wallet to the DEX <\/a>can do so more easily.<\/p>\n\n\n\n

However, some members of the crypto community are concerned that “the keys to these wallets are held by a centralized Ukrainian exchange,” according to a tweet cited by the Uniswap team, and are calling for a more “safe custody strategy.”<\/p>\n\n\n\n

\n

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<\/use><\/svg><\/span><\/a><\/p>— Uniswap Labs \ud83e\udd84 (@Uniswap) March 1, 2022<\/use><\/svg><\/span><\/a><\/blockquote>

Regardless, Ukraine added donation support to Polkadot's DOT earlier today. Gavin Wood, the founder of Polkadot, gave $5.8 million in DOT to the newly supported address.<\/p>\n\n\n\n

The blockchain community has been engaged in assisting Ukraine in its fight against the ongoing conflict. Aside from donations, initiatives like nonfungible token drops to benefit Ukrainian artists and UkraineDAO <\/a>have garnered traction.<\/p>\n\n\n\n

Donations continue to troop in for Ukraine<\/h2>\n\n\n\n

At the time of writing, the Ukrainian government and nonprofit groups have received more than $53 million in donations, according to recent data.<\/p>\n\n\n\n

The figures are based on monitored projects<\/a> and do not include individual donations or donations made using multiple altcoins.<\/p>\n\n\n\n

Kuna's Reserve Fund of Ukraine, Come Back Alive, and Bitcoin (BTC), Ether, Tether, and DOT<\/a> transferred directly to wallet addresses verified by the Ukrainian government are among the notable donation projects.<\/p>\n\n\n\n

It's worth mentioning, though, that the increase in the value of the donations is due in part to capital appreciation as a result of the cryptocurrency markets' continued boom.<\/p>\n","protected":false},"excerpt":{"rendered":"

Uniswap exchange has built an interface that allows anyone who wants to donate to Ukraine but holds other ERC-20 tokens to do so with ease, Uniswap, a decentralized exchange, introduced an interface on Tuesday that allows users to convert ERC-20 tokens like Aave, Chainlink’s LINK, and Decentraland’s MANA to Ether (ETH). The coins are then […]<\/p>\n","protected":false},"author":12,"featured_media":19694,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32,23],"tags":[5861,7767,5562,7135,6771],"class_list":["post-19666","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-exchange-news","category-ethereum-news","tag-donations-2","tag-erc-20","tag-eth-2","tag-ukraine-2","tag-uniswap-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/03\/image-5.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/19666","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=19666"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/19666\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/19694"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=19666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=19666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=19666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}