Security
Learn more about security on Squads.
Last updated
Learn more about security on Squads.
Last updated
Squads Multisig is built on Squads Protocol, the formally-verified autonomous finance layer on Solana, securing over $10 billion in value and more than $3 billion in stablecoin transfers. Squads Protocol is a collection of open source, immutable smart accounts that are powered by Solana's 1,000+ validators.
It replaces legacy banking infrastructure and centralized servers with a blockchain-native operating system — delivering programmable payments, 24/7 USD liquidity, competitive yields, and security enforced by deterministic code, not corporate promises.
With self-custody at its core, Squads Protocol is built to be resistant to censorship and interference reinforced by thousands of nodes on Solana.
Squads Protocol's codebase is open-sourced (available to view ) and the programs have been written in , a framework for building secure Solana programs.
Our programs have undergone multiple security audits by leading security firms like OtterSec, Certora, Neodyme, etc. These are third-party reviews of our codebase to address vulnerabilities ensuring a neutral and in-depth assessment of the security of Squads Protocol.
You can find the security audits for both Squads Protocol v3 and v4 .
A formal verification is a rigorous process used to prove that the protocol behaves as intended, ensuring reliability and security.
Squads Protocol v4 (powering ) has undergone to make sure it is robust.
We strongly believe that core primitives existing on open and permissionless networks should be made immutable as soon as practically possible. We are committed to making Squads Protocol programs immutable within months of public release.
Squads Protocol v3 (powering Squads Legacy) was the first multisig program on Solana and it has been .
Squads Protocol v4, launched in October 2023, has also been , unalterable by Squads Labs or any third party.
Squads Protocol stands apart with a commitment to fully onchain, open-source security. This approach fosters accountability, allowing anyone to scrutinize and verify the security of Squads Protocol—a critical element for those seeking transparency and trust in their onchain asset management solutions.
We also run a perpetual bug bounty program incentivizing proactive security checks by the community. Learn more about our program .
If you have any more questions about security on Squads, reach out to us on .