What recently came to my attention is the story of Bunni. Bunni was a liquidity engine on top of Uniswap v4 (yes, with hooks), with ve-tokenomics. Good engineering which'd use the best kind of token economics in the world combined with concentrated liquidity. Btw this approach was shown to work if collaboration with a "bigger guy" (Coinbase) is established (Aerodrome).

Anyhow, Bunni was built using Uniswap v4 hooks. And they are VERY hard to build on. Uniswap Foundation was not quite interested in helping them with reviewing the code or audits. So Bunni (who did audits it could afford) eventually got hacked and is now forced to close down [https://x.com/bunni_xyz/status/1981160279871558114].

Uniswap could have helped them to make it not happen. They could have rescued them after the hack, they have funds for it. They could have used it as a message "build on hooks, we will help you". They did not.

I just feel sad for the devs who chose to build on Uniswap and got betrayed. Idk, maybe Uniswap is just not interested in building the ecosystem where hooks do something else than KYC.


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