Costs of using Squads

How much does it cost to use Squads

How much does it cost to use Squads?

Network fees

Network fees can vary slightly depending on the action performed inside a Squad. This happens due to differences in the weights of instructions, which require different spaces on the blockchain.

• Squad deployment - ~0.0528

• Withdrawing SPL tokens - 0.0051 SOL

• Withdrawing NFT - 0.0104 SOL

• Stake SOL with a liquid provider - 0.0094 SOL

• Stake SOL with a validator - 0.0106 SOL

• Add member - 0.0037 SOL

• Remove member - 0.0044 SOL

• Change threshold - 0.0042 SOL

• Create time lock - 0.0069 SOL

• Create a Spending limit - 0.0076 SOL

• Enable the fee relayer - 0.0681 SOL

Transactions executed with Squads have higher network fees than wallets like Phantom and Backpack because Squads uses smart accounts to enforce multisig logic. Smart accounts require more computation and storage than traditional non-programmable accounts. A portion of these fees are due to network rent (related to storage) which can be recouped using our Rent Reclaim feature. All fees are charged by the Solana network; Squads does not charge fees on transactions except the Limit Order fees shown below.

Platform fees

Account Creation Fee - 0.05 SOL

Limit Orders - 0.2%

Squads Business Plan (optional) - $49 per month