Manage assets
Initiate withdrawals, deposits, swaps, off-ramps, burn assets and manage NFTs.
How to deposit assets into your Squads account
Navigate to the "Treasury" tab and click "Deposit"
Select the target account and asset type (SPL token or NFT)
Click "Deposit" to complete the process
How to withdraw assets from your Squads account
Users can withdraw their assets from their Squads multisig to:
Another wallet or a centralized exchange (CEX)
Multiple wallets/Squads using Batch send
An email, via TipLink
Their US bank account, via Sphere or Coinflow
Sending assets to another wallet
Here are the steps to sending funds from your Squads multisig to another wallet:
Navigate to the "Treasury" tab, and click the "Send" button.
Select the option to send to another wallet in the popup window.
Enter the recipient address, token, and amount you want to send.
Once added, you can review and initiate your transaction. This additional safeguard enables users to double-check and verify recipient addresses and token amounts before finalizing the transaction, reducing the risk of errors.
Funds will be transferred upon the execution of the transaction.
Always send a first small test amount when sending assets to centralized exchanges (CEXs). Some CEXs do not recognize transfers from Squads multisigs/PDAs. Learn more here.
Batch Send
Batch Send allows users to send tokens to multiple recipients. Here are the steps to execute a batch send transaction:
In the popup window, select the “Batch send” option.
Enter the token you want to send. Users can only select one token per batch transaction to simplify the workflow.
Batch Send transactions can be executed in two ways:
Batch: Users can manually enter recipient wallet addresses and the amount they want to send to each recipient.
Split: This allows for the distribution of the selected amount in equal portions to multiple specified addresses through a single transaction.
Once the details have been entered, you can review the recipients and the amount each one is receiving. Initiate your transaction upon confirmation and assets will be transferred.
Email Send
You can also send assets by entering the recipient’s email address. This is powered by TipLink. Learn more about our integration and how you can use email to send your assets here.
Off-ramp
Users can off-ramp their onchain assets from their Squad directly to their bank accounts. This can be done using Sphere and Coinflow. Learn more about off-ramping assets here.
How to receive assets into your Squads account
To receive funds from external parties like contractors, investors, and other Solana wallets :
Click the copy-paste or QR code icon under the Squads profile section
Share the Squads account address or QR code with the sender
How to burn assets in your Squads
Squad members can burn tokens present in their treasury.
In the Account page in the Treasury section of your Squad, head over to the token you want to burn under the "Coins" tab.
Click the three dots to the right of the token and click the "Burn" button.
Select the amount of tokens you want to burn, add a note (optionally), and initiate a transaction.
The tokens will be burned once the transaction is executed.
NFTs
Members can deposit up to 20 NFTs and batch-send hundreds of NFTs in a single transaction.
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