Squads Labs Developing Squads Protocol V5 To Enhance Wallet And DeFi Solutions

According to Foresight News, during the Solana Breakpoint conference, Squads Labs CEO and co-founder of Squads Protocol and Fuse Wallet, Stepan Simkin, announced the development of Squads Protocol V5. This new version aims to assist developers in building wallets, DeFi applications, and payment solutions. Squads Protocol V5 will introduce several features and functionalities, including Hooks, which are individual programs that can tighten or loosen smart account consensus programmatically. Additionally, it will offer Synchronous Transaction Execution, new permissions, and adaptive time locks for key layers. These enhancements are designed to provide more flexibility and security for developers working on decentralized finance and payment systems.