Rent Reclaim

Solana charges rent when you execute a transaction with your multisig. This is because Squads creates onchain accounts to support the asynchronous multisig process during a transaction's life cycle. The rent charged is for storing this data onchain.

Once a Squads transaction is executed/canceled, these accounts are no longer needed. Rent Reclaim allows you to close these accounts and reclaim the associated rent. Once reclaimed, the transaction history will still be available and auditable via Solana’s ledger.

• Eligibility: Transactions in finalized states (Executed, Canceled, Rejected)

• Process: Close unnecessary accounts while maintaining transaction history onchain

Enabling Rent Reclaim

1. Navigate to the Settings page of your Squads account

2. Enable Rent Reclaim (requires multisig threshold approval)

Auto Rent Reclaim

• Optional feature to have in Settings once it is enabled

• When turned on, it automatically reclaims rent upon transaction execution

• Manual reclaim is required for Cancelled or Rejected transactions

Auto rent reclaim settings

Reclaim Destination

All reclaimed rent will be sent to the Reclaim Destination address. This address is preset to your Squad Vault but can be updated on the Settings page (requires threshold approval).

Reclaim Rent

You can reclaim rent per transaction in the Transactions tab for any transaction with a finalized status (Executed, Canceled, Rejected). Any member of the Squad can reclaim rent without requiring multisig approval.