CandleFocus Uniswap Awards $850K Grant to OpenZeppelin for v4 Hooks Library Development
2024-10-22
Author: Content Editor
The Uniswap Foundation has awarded $850,000 to OpenZeppelin to develop a Hooks Contracts Library for Uniswap v4. The aim is to increase security and reduce coding risks for developers using the platform. The grant seeks to provide a dependable, standardized codebase to ensure creative applications are built on solid foundations. The Hooks Contracts Library will allow developers to build upon pre-existing contracts and enable advanced features such as automatic liquidity management and fee management. OpenZeppelin is well-known for its expertise in blockchain security and its open-source contract libraries have been widely adopted in the DeFi space. Other security firms involved in ensuring the safety of Uniswap v4 include Trail of Bits, Certora, SpearbitDAO, and ABDK Consulting. The development of the Hooks Contracts Library will proceed through three stages and will be followed by a 10-week security audit. The collaboration with these top-tier security firms highlights Uniswap's commitment to secure development and improving user experience.
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