Today the Serum community has elected to donate 100k $SRM to Ukraine relief efforts. The donation will be made to the Aid for Ukraine DAO, which is a collaboration between the Government of Ukraine, EverStake, and the global crypto community.
A supportive community is at the core of Serum’s founding principles, which allows the Serum DAO to operate successfully. However, this belief does not only apply to the Serum ecosystem. The Serum community is dedicated to supporting those in need by utilizing our industry-leading technology, security, and transparency services.
During times of crisis, it is of the utmost importance that those affected have the funds necessary to purchase medical supplies, food, water, shelter, etc. However, traditional payment systems fall short of bringing these funds into the country; and converting donations into the local currency, whose value can fluctuate greatly, becomes a difficult task. Additionally, scammers look to play on these situations and launch fake charities in attempts to steal from supporters, making transparency and safety a key factor in the fundraising process.
This is why we have chosen to invest through the Aid for Ukraine DAO. EverStake has partnered directly with the Ukraine Government, so supporters know exactly where the money is going and that it will be put to good use. Serum is fully opposed to the war and is looking forward to continuing to work with EverStake to support the Ukrainian people.