The details of our integration with Bonfida.
Bonfida is a protocol on Solana that created the "Solana Naming Service" or SNS. With SNS, you can create a domain name that links to your wallet address. This domain can be used as a replacement for sending and receiving payments, adding a social component to crypto.
By abstracting away wallet addresses, everyday crypto activities such as sending & receiving crypto and accounting for on-chain transactions become a much easier process. Instead of needing to remember a long string of random letters and numbers, Squads Protocol users can simply enter .sol domains, simplifying the entire process.