Security

Learn more about security on Squads.

The Squads platform is built on top of Squads Protocol. Launched in 2021, it is the smart account standard on Solana and the SVM securing $10 billion across 40+ thousand smart accounts.

We are trusted and used by over 250 teams in the ecosystem, such as Jupiter, Pyth, Raydium, Marginfi, Backpack, Drift, Helius, Kamino, Jito, Tensor, Helium, and many others.

Onchain and Open-sourced

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 here) and the programs have been written in Anchor, a framework for building secure Solana programs.

Multiple Security Audits

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 here.

Formally Verified

A formal verification is a rigorous process used to prove that the protocol behaves as intended, ensuring reliability and security.

Squads Protocol v4 (powering Squads) has undergone two formal verifications to make sure it is robust.

Immutable

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 immutable since February 2023.

Squads Protocol v4, launched in October 2023, has also been immutable since November 2024, unalterable by Squads Labs or any third party.

Perpetual Bug Bounty Program

We also run a perpetual bug bounty program incentivizing proactive security checks by the community. Learn more about our program here.

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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.

If you have any more questions about security on Squads, reach out to us on Discord.