SL

Squads Labs

www.squads.so link_icon

Company Research Report: Squads



Company Overview


  • Name: Squads Protocol

  • Mission: Squads simplifies management of developer and treasury assets for on-chain organizations, providing tools for multi-signature wallets, self-custody, and decentralized finance (DeFi) interactions.

  • Foundation Date & Founders: No information is available.

  • Key People: No information is available.

  • Headquarters: No information is available.

  • Number of Employees: No information is available.

  • Revenue: No information is available.

  • Known For: Squads is the leading multisig solution on Solana, known for its intuitive user experience, slick design, and self-custody features.


Products


General Description


Squads offers a range of products that enhance the security and management capabilities of digital assets, particularly for on-chain organizations. The platform is built with features such as multi-signature (multisig) wallets, self-custody, and integrations with DeFi and NFT ecosystems.

Detailed Product Information


1. Multi-signature Wallet
  • Description: Secure your assets in a programmable multi-signature wallet requiring multiple digital signatures to approve transactions.

  • Key Features:

  • Multi-signature approval process

  • Self-custody of assets

  • Integration with Solana decentralized applications (dApps)

  • Fast transactions with low fees


2. Self Custody
  • Description: Allows users to truly own their assets without relying on third parties or centralized entities.

  • Key Features:

  • Complete control over crypto assets

  • Elimination of trust in third-party services


3. Treasury Management
  • Description: Manage team and company treasury with self-custody, employee payments, treasury diversification, and access to DeFi opportunities.

  • Key Features:

  • Deposit and send fungible tokens and NFTs

  • Sub-accounts for better cash flow management

  • Set roles, spending limits, and time locks


4. Vault & Sub-accounts
  • Description: Centralized place for managing on-chain assets.

  • Key Features:

  • Deposit and manage fungible tokens and NFTs

  • Budgeting and cash flow management


5. Staking Integrations
  • Description: Stake SOL with any Solana validator or liquid staking providers.

  • Key Features:

  • Access to leading staking providers

  • Integration within Squads interface


6. DeFi Integrations
  • Description: Engage directly with leading DeFi products on Solana from within the Squads platform.

  • Key Features:

  • Integrations with top DeFi applications

  • Easy asset swaps and management


7. NFT Management
  • Description: View, burn, list, and batch send NFTs.

  • Key Features:

  • Comprehensive NFT management

  • Supports various transactions and batch operations


8. Developer Asset Management
  • Description: Decentralized control over project assets among the team.

  • Key Features:

  • Manage programs, validators, and tokens

  • View upgrade history and withdraw rewards


High-Level Descriptions


  • Protocol: Provides underlying infrastructure for multisig wallets on Solana.

  • Extensions: Browser extensions for easy access to Solana dApps.

  • Use Cases: Applicable to DeFi protocols, NFT collections, emerging projects, validators, and high-net-worth individuals or venture capitalists.


Recent Developments


New Products Launched


  • Squads V4:

  • Description: The latest version of Squads, featuring cutting-edge design and better control.

  • Key Features:

  • Enhanced user experience

  • Granular control and permissions


New Features


  • TX Builder:

  • Description: Create custom transactions with arbitrary instructions.

  • Key Features:

  • Customizable transaction creation

  • Additional functionality for power users


Partnerships


  • New Partnerships:

  • Jito, Lido, Marinade, Solblaze: Partnerships with leading liquid staking providers.

  • Blowfish: For enhanced transparency in multisig transactions.

  • Jupiter, Bonfida, Coinflow, Tensor, Streamflow, Integral, Mesha: Integrated services for enhanced DeFi engagement, asset management, and accounting.


Community & Trust


  • Total Value Secured: Over $10 billion in total value secured by Squads' multisig solution, used by the largest teams and protocols on Solana.

  • User Testimonials: Extensive positive feedback from notable users and projects within the ecosystem.


Conclusion


This report provides an overview of Squads, highlighting its mission, products, and recent developments. Squads continues to lead in multi-signature wallet solutions within the Solana ecosystem, supported by strong partnerships and a robust feature set aimed at simplifying the management of on-chain assets.