Squads Protocol V5 Development in Progress, Including Hooks Feature
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September 20, 2024
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Foresight News reports that Squads Labs CEO and co-founder of Squads Protocol and Fuse Wallet, Stepan Simkin, announced at the Solana Breakpoint conference that Squads Protocol V5 is currently under development. This version is designed to aid developers in building wallets, DeFi applications, and payment solutions.
Squads Protocol v5 features and functionalities include:
- Hooks: These are separate programs that allow developers to programmatically tighten or loosen smart account consensus.
- Synchronous Transaction Execution: This enables simultaneous execution of transactions.
- New Permissions: This introduces enhanced access control mechanisms.
- Adaptive Time Locks for Key Layers: This offers dynamic time-based security measures for critical components.
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