FAQ
How does Squads work?
Squads operates as a multi-signature wallet platform that simplifies the management of developer and treasury assets for teams on the Solana blockchain. It allows teams to secure their assets, such as tokens and NFTs, by requiring multiple approvals for transactions, thereby decentralizing control and enhancing security. The user-friendly interface transforms complex command-line interactions into intuitive workflows, making asset management more accessible.
Is Squads a secure platform?
Yes, Squads is designed with security as a top priority, utilizing multi-signature logic to ensure that no single individual can access or manage the assets alone. This approach mitigates risks associated with unauthorized access and provides a decentralized method of control over the assets managed within the platform. Additionally, it is built on Squads Protocol, which is an open-source and formally verified smart contract infrastructure for enhanced reliability.
How to use Squads?
To use Squads, users must first create an account and set up their multi-signature wallet by defining the required signatories for transaction approvals. Once configured, teams can easily manage their on-chain assets through the platform's intuitive interface, allowing them to execute transactions and approvals seamlessly. Users can also integrate various decentralized applications (dApps) to enhance their asset management capabilities further.
What services does Squads offer?
Squads offers a comprehensive suite of services designed for on-chain asset management, including treasury management, program upgrade authorities, and NFT handling. It enables teams to collaboratively manage their assets in a secure environment while providing transparency through multi-signature transaction approvals. Additionally, Squads supports integration with various dApps on Solana, allowing users to leverage DeFi opportunities and streamline operations.
