Treasury Management Overview
Squads is an enterprise platform that provides a fully-integrated suite of tools to collectively manage digital assets, automate workflows and execute onchain transactions. With Squads, organizations streamline their onchain operations while maintaining institutional-grade security and self-custody.
Explore how Squads can help manage your assets and optimize your onchain treasury management.
Table of Contents:
Understanding the Basics
Squads offers a comprehensive solution for managing onchain treasuries powered by Solana’s performance, speed, and low transaction costs. Squads has many advantages over traditional offchain or centralized solutions:
Seamless user experience: Squads offers a platform tailored to enterprise needs, integrating a wide range of operations into a single, intuitive interface.
Security: Squads is built on top of Squads Protocol, Solana's smart account standard securing $10+ billion in value and trusted by Solana’s leading teams, applications, and institutions. Squads Protocol provides the infrastructure for secure self-custody and programmatic onchain asset management.
Transparency: Onchain transactions provide key stakeholders with enhanced visibility and tracking of a business's treasury activity. This transparency is achieved through an immutable history of multi-signature approvals for asset management, ensuring relevant data is accessible and presented in a clear, human-readable format.
Squads powers onchain operations for over 250 teams in the ecosystem, including Jupiter, Jito, Pyth, Kamino, Backpack, Helius, Drift, and Tensor. Every Squad is a programmable multisig wallet built on Squads Protocol’s smart account technology, which enables collective management of onchain funds, streamlining asset management and eliminating single points of failure.
Using Squads for Your Treasury
Squads provides an intuitive interface to easily manage your assets and perform treasury operations. These assets can be:
Funds raised from investors/the public;
Fees generated by the protocol/project;
Grants received;
Liquidity mining rewards as a marketing expense;
Investor funds and token vesting;
And any onchain liquid assets, such as NFTs, held by the company.
Executing transactions
Teams can seamlessly execute transactions like expenses, token swaps, liquidity provision, grants and more using the Squads dashboard. This includes on and off-ramping assets to fiat using Sphere and Coinflow.
These operations are streamlined with:
Batch Transfers: Approve, reject, or cancel multiple transactions with a single click using Batch Actions.
Spending limits: Allow Squad members to move predetermined amounts from the treasury without requiring full Squad approval.
Rent Reclaim: Recover rent associated with onchain accounts created during Squads transactions.
Priority fees: Set custom priority fees to ensure smooth transaction execution during high network activity.
Contacts: Save addresses as contacts to streamline fund withdrawals.
For teams looking for advanced features and granular controls over their assets, the Squads Business plan equips them with additional powerful features such as:
Permissions: Define custom roles and transaction approval criteria for each multisig member.
Payments: “Recipients” feature to create, track, and manage recurring payments—eliminating manual entry and saving teams valuable time.
Sub-accounts: Create separate vaults to efficiently manage various treasury assets, including payroll, marketing expenses, and NFT holdings.
Fee Relayer: Enable the multisig to cover network fees for members interacting with the Squad, providing a gasless experience from their perspective.
Learn more about our pricing plans here.
Compliance
Squads users can use Integral, a platform for real-time bookkeeping, accounting, tax compliance, and treasury management for businesses and individuals. To get started:
Set up an account on Integral
Copy and paste your Squad Vault address into the platform
Get access to automated bookkeeping, data, real-time treasury insights, and policies to meet your compliance and accounting requirements
Staking
Staking is the easiest way to earn a yield on your SOL. Enterprises can stake their SOL from the Squads app using:
liquid staking providers (fuseSOL, Jito, Marinade, SolBlaze, marginfi);
specific Solana validator (powered by Stakewiz).
Learn more about staking here.
In-app Trading
Enterprises can trade their onchain assets directly from within the Squads app using:
Limit Orders: Automate trades at predetermined price points, executing only when market conditions meet agreed-upon criteria. This feature is ideal for users who don't require immediate asset trades and prefer to wait for optimal market conditions.
Spot Swaps: Execute trades at current market prices. This option is ideal for teams requiring quick transactions. Note that these swaps are susceptible to failure due to price slippage and route expiration - issues amplified in multi-signature environments due to inherent delays between transaction initiation, approval, and execution.
Trades are powered by Jupiter and seamlessly integrated into the Squads platform. This allows enterprises to trade directly from their Squads account without the need to withdraw company funds to individual wallets that could be exposed to different attack vectors and risks.
Treasury Operations using SquadsX
SquadsX is a companion tool for Squads that enables teams to connect their Squads treasury to applications within the Solana ecosystem while maintaining smart account security.
Below are a few ways teams use SquadsX to earn yield, vest tokens, and manage their onchain treasury:
Earning yield on stablecoins
Squads users can earn fees & rewards on stablecoins by deploying liquidity into stablecoin pools. These strategies enable passive yield on your stable assets:
Users can connect their SquadsX extension with DEXs like:
Orca - The most dominant DEX on Solana, it has a variety of stablecoin pools for users to provide liquidity and earn yield.
Raydium - Another DEX with stablecoin liquidity pools where users can deploy their stables and earn yield.
Or, with lending/borrowing platforms like:
Save (previously Solend) - One of the lending and borrowing protocols on Solana – it enables users to deposit USDC into their pools and earn yield.
Token Vesting
A common operation for most onchain companies is the vesting, minting, distribution, and management of their native token. There are many operations associated with a project’s native token like vesting, airdrops, token locks, minting, and more.
Squads provides an in-app token manager and enables companies to access Magna and Streamflow via SquadsX for all these token-related operations. This allows companies to plan and manage their token operations easily while maintaining the security of their Squads multisig.
Yield Aggregators
Yield aggregators are beneficial for users looking for platforms that automate yield optimization, saving time and potentially enhancing profits.
SquadsX enables users to connect their multsig with these yield aggregators like:
Lulo - Aggregates the best rates for assets like USDC across five lending/borrowing platforms and automatically rebalances deposits to the protocol offering the highest APYs at any given time.
Meteora - Features Dynamic Vaults that automatically rebalance between top lending protocols every minute.
Using SquadsX, users can also connect their multisig with Sanctum and deposit SOL liquidity into the Infinity pool. The INF token users get in exchange is a yield-bearing token whose yield is a combination of staking yields and trading fees earned from the Infinity Pool.
Treasury Yields and Diversified Stables
The current landscape of stablecoin offerings on Solana is evolving quickly, offering projects innovative use cases beyond simple "wrapped" USD. Projects looking to diversify their stables with more productive, non-volatile solutions can use SquadsX to access these innovative solutions.
Maple offers U.S. treasury yield to Solana-based teams through USDC lending. Squads users can access Maple’s Cash Management product via SquadsX and earn yield from U.S. T-Bills.
You can also have other alternate stables such as EUROe and USDY in your Squads multisig to diversify your stable assets while earning additional yield.
Note: While we have highlighted the most widely used tools in the Solana ecosystem today, please note that this does not imply an endorsement of their safety or quality.
Security
Squads is trusted by over 250 teams in the ecosystem and secures over $10 billion in value. Squads Protocol v3 was the first multisig program on Solana made immutable while Squads Protocol v4 has undergone two formal verifications and multiple audits from the industry's leading firms.
To learn more about our security measures, read our documentation here.
Additional Resources
Secure your treasury with Squads
If you are an enterprise looking for an easy-to-use and secure platform for secure, transparent, and efficient treasury management, create a Squad on app.squads.so and reach out to garrett@sqds.io to learn more.
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