According to PANews, Solana's multi-signature protocol Squads announced that Squads Protocol v5 will be officially verified and will be launched on the Solana mainnet later this year. The new version allows users to have fine-grained control over smart accounts, accelerating the adoption of smart accounts and account abstraction on Solana and SVM.

The new version will introduce features such as synchronous trade execution, as well as performance and memory improvements.