They Shipped To v3 Pools On Purpose ๐ง
$ARB is where Bankr is testing its newest launch mechanics, and the most revealing decision is one almost nobody covered. $UNI shipped v4 hooks, and Bankr chose not to depend on them for these launches.
Arbitrum launches moved to v3 pools instead.
The reasoning is practical rather than ideological. A v3 pool is routable by aggregators the moment it exists. A pool wrapped in a custom hook may not be, which means a token can launch into a market that most interfaces cannot quote. Liquidity that cannot be routed to is liquidity in name only.
They also pointed at 0x's writeup on hook safety as a reason not to build a launch path that depends on them.
That is the part worth generalising beyond this one product.
Hooks are genuinely powerful and they are also new surface area, both for exploits and for integration gaps. A launchpad's job is to produce a market people can trade in on day one, which argues for the boring pool and the custom logic sitting elsewhere.
Bankr put the new fee mechanics in the contract rather than in a hook, which gets most of the flexibility without the routing cost.
The counterargument is real. Hooks are where the interesting design space is, and anyone avoiding them trades capability for compatibility.
My read is that compatibility wins at launch and capability wins later. Shipping a token nobody can route to is a worse failure than shipping one with ordinary mechanics.
#DeFi #Arbitrum
$ARB is where Bankr is testing its newest launch mechanics, and the most revealing decision is one almost nobody covered. $UNI shipped v4 hooks, and Bankr chose not to depend on them for these launches.
Arbitrum launches moved to v3 pools instead.
The reasoning is practical rather than ideological. A v3 pool is routable by aggregators the moment it exists. A pool wrapped in a custom hook may not be, which means a token can launch into a market that most interfaces cannot quote. Liquidity that cannot be routed to is liquidity in name only.
They also pointed at 0x's writeup on hook safety as a reason not to build a launch path that depends on them.
That is the part worth generalising beyond this one product.
Hooks are genuinely powerful and they are also new surface area, both for exploits and for integration gaps. A launchpad's job is to produce a market people can trade in on day one, which argues for the boring pool and the custom logic sitting elsewhere.
Bankr put the new fee mechanics in the contract rather than in a hook, which gets most of the flexibility without the routing cost.
The counterargument is real. Hooks are where the interesting design space is, and anyone avoiding them trades capability for compatibility.
My read is that compatibility wins at launch and capability wins later. Shipping a token nobody can route to is a worse failure than shipping one with ordinary mechanics.
#DeFi #Arbitrum