Its code executes inside each trade in pools that use it.
Gates who can add liquidity
It checks every deposit before it goes in.
Safety report
Automated checks, not an audit
✓Not upgradeableNo proxy pattern found: the code is fixed.
✓No owner foundNo owner() function: nobody has an admin switch (as far as the standard check goes).
!Not in Uniswap’s hook registry, not tradeable in Uniswap’s app yetUnregistered hooks get less scrutiny. Most scam hooks are unregistered. It runs code on swaps, so Uniswap’s app only routes it once Uniswap Labs approves it, and it isn’t approved yet. Adding liquidity still works, and other apps can trade it.
!Source code not publishedNobody can read what this hook actually does. Treat it as a black box.