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squads
Squads is a Solana multisig wallet for secure team management of crypto assets.
Squads
What is Squads?
Squads is a multisig platform built on the Solana blockchain. It helps on-chain organizations manage their developer and treasury assets securely. By using multisig logic, Squads allows multiple signatories to jointly control and manage assets like treasuries, programs, validators, and tokens.
Key features
- ✅ Treasury management
- ✅ Program upgrades
- ✅ Validator control
- ✅ Token management
- ✅ User-friendly interface
What does Squads do?
Squads simplifies the management of on-chain assets by providing a user-friendly interface. It secures assets using multi-signature logic, ensuring that no single individual has complete control. This setup decentralizes asset management, making it safer and more transparent. Squads is particularly useful for teams needing to manage their treasury, upgrade programs, or control validators and tokens on Solana.
Why is Squads unique?
Squads stands out due to its intuitive user interface that transforms complex CLI interactions into simple user flows. Built on the robust Squads Protocol, it offers high security with multi-signature approvals, making it impossible for a single person to compromise the assets. Additionally, Squads enhances transparency by providing stakeholders with visibility and control over critical actions, ensuring a decentralized and secure asset management process.
Pricing
Squads is built on the open-source Squads Protocol, making it freely accessible. Users only need to pay the standard Solana network fees for transactions.
Frequently Asked Questions
Squads is an open-source smart contract wallet standard on the Solana blockchain, designed to facilitate multisignature (multisig) wallets for teams and organizations. \n\nIt enables multiple parties to collectively manage digital assets, ensuring that transactions require approvals from a predefined number of participants.
Squads operates by allowing users to create multisig wallets on the Solana blockchain. A multisig wallet requires a predefined number of approvals from designated members (signers) to authorize transactions. \n\nThis setup ensures that no single individual has unilateral control over the assets, promoting decentralized and secure management.
Squads is an open-source protocol, and creating a multisig wallet is free. \n\nHowever, users should be aware of standard Solana network fees associated with transactions, such as creating accounts or executing transactions, which are typically minimal.
