According to Foresight News, at the Solana Breakpoint Conference, Stepan Simkin, CEO of Squads Labs and co-founder of Squads Protocol and Fuse Wallet, said that Squads Protocol V5 is currently being developed to help developers build wallets, DeFi applications, and payment solutions. The features and functions of Squads Protocol v5 include Hooks (separate programs that programmatically tighten or relax smart account consensus), Synchronous Transaction Execution, new permissions, and key layer adaptive time locks.