Uniswap Launches On-Chain Fee Conversion Tool TJAR; Robinhood Is First to Adopt It

TechFlow reports that, on November 1, according to Uniswap's official announcement, Uniswap has launched the TJAR on-chain fee conversion framework, allowing applications to automatically convert fees collected in multiple tokens into designated tokens without building complex cross-token swap infrastructure. TJAR is currently live on 7 blockchains.

TJAR adopts the Token Jar mechanism, enabling applications to deposit fees in different tokens into a contract, where searchers compete to complete swaps, and applications ultimately receive fees in designated tokens such as USDC. The framework was initially used for Uniswap protocol fee conversion, processing swap volume exceeding USD 15.3 million last month.

Uniswap said Robinhood has already used TJAR across multiple supported blockchains via the Uniswap API to convert collected fees into USDC and USDG. The framework is now open to other applications and development teams.

Source: TechFlow