USE OF CRYPTOASSETS TO SUPPORT AND RESTORE UKRAINE

Abstract

The work examines the issue of research and development of a unified decentralized system of charitable contributions with crypto assets for the support and restoration of Ukraine. A theoretical analysis of existing solutions for the storage and passive operation of blocked crypto-assets in decentralized financial protocols has been carried out. Such solutions are the technology of liquidity pools and the use of lending protocols, which make it possible to deposit funds and receive an annual income in return, and also make it possible to borrow crypto-assets against the collateral of deposited assets.

 Computational methods, tools, rules and necessary functions of the decentralized protocol are defined to support the ability to exchange blocked funds as charitable contributions and receive profit from them to encourage users to use this method of electronic charity. 

A combination of several methods is proposed, which makes it possible to create a protocol for depositing electronic funds into liquidity pools as collateral with further receiving interest income from their use. Also, it should be noted that the attraction of new assets will lead to an increase in the activity of their use, which, in turn, will contribute to the attraction of new users to the system by distributing these assets among the decentralized world. The architecture and software implementation of the decentralized system have been developed. 

Considering that for this system it is necessary to perform fast processing of requests, in order to increase the performance of the system, it is necessary to involve the technologies of rendering web pages on the server and static generation. 

Since the system involves development at the expense of decentralized technologies, it will be done using smart contracts as a server part. A development language and a library that will help in the development and testing of smart contract tools have also been selected. A decentralized charitable system has been created - it will work like a modern bank, providing earnings in the form of new assets to liquidity providers after they contribute funds and involve them in charitable activities.

Keywords: blockchain, cryptocurrency, crypto assets, liquidity pool, decentralized systems, smart contract.