Uniswap’s KYC move essential for DEX survival, expert says
Dmitry Machikhin, BitOK CEO, comments on Uniswap’s KYC hook inclusion, asserting its essential role in avoiding regulatory pressures and championing the move toward crypto-sector compliance. Uniswap to introduce KYC A hook designed to complete the know your customer (KYC) procedure was found in the open directory of the decentralized financial protocol (defi) Uniswap V4. One of the Features of Uniswap v4 will be the use of hooks. These are tools that allow developers to modify code without changing the main version of the program. It is expected that these plugins will help implement new functions for liquidity pools. For example, limit orders and individual on-chain oracles. According to the description in the catalog, the KYC hook is designed to verify the identity of clients before trading on the Uniswap decentralized exchange. Source: UniswapHooks Now there is no need to undergo such verification now. To start using Uniswap, users just need to connect their wallet...