Finance Redefined: Uniswap builds token-swap feature for Ukraine, LUNA surpasses Ether, and more
The crypto community has emerged as one of the leading aid providers for Ukrainians, as crypto donations surged over $50 million. This week, many in the decentralized finance, or DeFi, community have come forward to donate and make it simpler for other people to donate to Ukraine.
LUNA continued its price dominance with another double-digit surge over the past week and also flipped Ether to become the most staked altcoin. 1Inch launched a new secure peer-to-peer, or P2P, swap that the firm claimed could open the gates to several new use cases.
On Tuesday, decentralized exchange, or DEX, Uniswap launched an interface which directly converts ERC-20 tokens into Ether (ETH) and sends them to the official crypto wallet addresses of the Ukrainian government, all in a single transaction.
Uniswap claimed that the address shared by Ukraine is located on a centralized exchange and only accepts Ether and Tether (USDT). Thus, the feature simplifies the donation process for anyone holding ERC-20 tokens on Uniswap’s list and who wishes to donate by connecting their wallet to the DEX. Ukraine later rolled out support for donations in Polkadot (DOT) as well. Polkadot’s founder, Gavin Wood, personally donated $5.8 million in DOT to the newly supported address.
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Terra (LUNA) has flipped Ethereum in terms of staked value with $29.5 billion worth of LUNA locked up compared to Ether’s $25.9 billion, as per data from Staking Reward.
The platform’s data shows that there are currently 226,325 LUNA stakers, making it the second most staked crypto asset with more than four times the number of those staking ETH at 54,768. Solana leads the staking charts with $35 billion in staked value.
In terms of annual staking rewards, LUNA is
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