A Know Your Customer (KYC) hook available on an open-source directory for Uniswap V4 hooks is sparking controversy within the crypto community.
on an open-source directory for Uniswap v4 hooks is sparking controversy within the crypto community. The hook enables users to be checked for Know Your Customer before they can trade in token pools.that the hook opens up the possibility of decentralized finance protocols being whitelisted by regulators:
Essentially, a hook is a tool that allows developers to customize code without altering the main structure of the program. In Uniswap v4, this hook will permit developers to use KYC verification within the decentralized finance protocol. “Seems like you don’t understand how this works. #1 it’s lp specific. Some projects may want to operate within the legal confines of jurisdiction. #2 hooks can be made by community devs. You’re trashing something that has done more than anyone else for ‘real defi’.”
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