Spending Limits

Spending limits allow Squad members to move a certain amount of assets from the treasury without requiring full Squad approval.

To add a Spending Limit:

1. Navigate to the "Settings" tab.

2. Click the "Add Spending Limit" button.

3. Specify the parameters and click the "Initiate" button.

Spending limit parameters include:

1. Account: The account from which a member will be able to withdraw funds.

2. Token and max amount: Specify the token and its maximum withdrawal amount. Currently, a member can set only one token per spending limit.

3. Time frame: The period during which the spending limit is active. The amount available for withdrawal will be reset at the beginning of a new time frame period. If a member sets "None," the spending limit will be active until the full token amount is withdrawn.

4. Destination: Wallet addresses for fund withdrawals (multiple can be added).

After setting a spending limit, it can be viewed on the member's card or in the "Settings" tab for editing.

Make sure you regularly monitor active spending limits to ensure they align with your operations. Reserve them for trusted members and update them frequently to reflect organizational changes or if a member leaves the project.

Spending limits settings