Squads Protocol00

what's Squads Protocol?

Squads Protocol is a blockchain-native platform built on Solana, serving as the autonomous finance layer for stablecoin banking and multisig security. It enables teams and organizations to manage on-chain assets securely through programmable smart accounts, multisignature wallets, and APIs that abstract blockchain complexities. Key features include formally verified smart contracts for enhanced security, 24/7 liquidity access, high-yield integrations, and tools for seamless stablecoin transfers and payments, replacing traditional banking rails with decentralized alternatives. The protocol powers a suite of products like Squads Multisig for treasury management, Squads API for developer embeddings, and smart account programs that facilitate institutional-grade operations. By leveraging Solana's high-performance infrastructure, it supports global businesses in self-custody, permissioned workflows, and on-chain transparency, securing billions in assets while fostering the growth of the stablecoin economy.

Snapshot

Squads Protocol features open-source, immutable code with multiple formal verifications.

2W ago
TECH EVENT

Code is open source, has undergone multiple formal verifications, and is immutable.

1M ago

Launches Smart Transactions, a new primitive for autonomous finance on Solana.

Neodyme research shows Squads Protocol holds the highest amount of funds locked among all Solana smart contracts.

Launches Altitude product for stablecoin business accounts with accounting tools.

At SolanaConf, Altitude launches CFO stack and integrates Bitcoin support for business banking operations.

Altitude announces integration with Kamino to provide users access to DeFi yields with risk management by Gauntlet.

On-chain policies feature launches. Grid releases an application built on these newly shipped on-chain policies for autonomous finance.

Keystone 3 Pro hardware wallet releases firmware update V-2.3.0 with upgraded clear-signing functionality for multisig operations.

USDC vault on Kamino now available exclusively via Fuse wallet, providing formally verified DeFi yield opportunity on Solana with reported growth.

Stablecoin transfer volume reaches $6.9B.

2M ago

Stablecoins secured by the protocol reach an all-time high of $2.2B.

Achieves SOC 2 Type I certification, establishing institutional-grade compliance standards for security controls.

Pacifica Finance integrates the protocol for multi-sig governance of their cold vault as part of a new hot/cold hybrid security architecture.

Head of risk position now open for hiring, expanding leadership team.

Team expands with new hires from Revolut, Monzo, Fiserv and Solana engineering talent, with more hires planned.

Altitude, a treasury and cash management platform serving 150+ countries, is built on the protocol and announced as headline sponsor for Breakpoint 2025 Abu Dhabi. The smart account standard now secures $15B in total value.

Team attends money2020 conference this week; Grid is mentioned as a product built by the team alongside tryaltitude and fusewallet.

Grid team actively provides technical support and assistance to developers building on the platform. The protocol's infrastructure supports x402 and on-chain agent capabilities, with its vision in this space described as ahead of other solutions.

Fuse wallet is built on Squads infrastructure and integrates with Squads Multisig app for backup UI access.

Grid launches as a stablecoin API packaging infrastructure from Fusewallet and Altitude, offering indexing, transaction building, key management, and virtual USD/EUR accounts with support for ACH, wire, SEPA and stablecoin payments.

CertoraInc now provides security services to the protocol alongside other Solana teams Jito and Kamino as trusted security partner.

Squads backs, endorses, and builds tryaltitude project.

Privy announces integration with Grid, enabling apps to sponsor gas fees across chains with native gasless transaction support on Solana.

All applications restored to full operational status following resolution of AWS outage; protocol and Solana remained unaffected throughout the incident.

Ongoing AWS outage impacts application performance with team addressing the issue; funds confirmed safe.

3M ago

Protocol reports $15B+ in deposits, $6B in stablecoin transfers processed, and 130K+ accounts deployed; Smart Account Program reduces deployment costs from $0.35 to less than a penny through state compression implementation and adds onchain passkey verification for 2FA and session keys.

stealf_finance, a zero-knowledge neobank, introduces its platform built on the protocol and encrypted by Arcium.

Launches $100,000 Grid Grant Program offering up to $10,000 USDC per team plus early access and marketing support for founders building on Grid platform.

Protocol reaches $2B in secured stablecoins across its product suite.

Protocol reveals $2B in stablecoins secured across its products, with security audit completed by Certora.

Grid platform sees integration with Scout trading app v0.3 as fintech infrastructure, enabling fiat on-ramping and automated trading agent capabilities.

Fuse Wallet launches as new self-custodial financial platform powered by the protocol, offering cash, card, investments and earn features with Fuse Card live in 10 countries.

Infrastructure now secures $15B+ in value, as mentioned in context of new Fuse wallet version launch.

4M ago

Grid payments platform launches for public access, leveraging the protocol for stablecoin accounts and programmability features.

Grid platform becomes publicly available to all developers, transitioning from waitlist-only access to full public launch.

Security issue sees resolution with affected packages now pinned to safe versions, while confirming UIs and Fuse remained unaffected.

Protocol issues security advisory recommending users refrain from signing transactions while confirming safety of npm package dependencies.

New partnership with Artemis to launch public stablecoin dashboards, while waitlist exceeds 300,000 entries.

Protocol currently holds $2B in USDC, positioning it among largest USDC holders on Solana alongside major CEXs.

Ranger Finance exceeds $1B while Grid bounty program sees intense competition.

New partnership with Coinbase launches to accelerate stablecoin adoption on Solana network.

Grid API suite debuts to accelerate stablecoin development with mid-month bounty program

5M ago

Multiple new integrations launched including Altitude customer onboarding and Fuse wallet approaching major release, while agentic finance prototype demonstrates ecosystem expansion.

New Grid MCP server launches with AI capabilities for enhanced stablecoin account deployment.

USDC vault integration with Kamino now live on Fuse platform, with Squads Multisig integration planned.

6M ago

Unique multi-vendor hardware wallet support (Ledger, Keystone, Trezor) enables advanced multisig security features.

TVS reaches $1B milestone with $4B total transfer volume, while announcing US expansion and key hires.

Significant $32M TRUMP token movement detected to Binance exchange.

7M ago

Passkey functionality now live on Solana through protocol integration.

$22.2M raised across four funding rounds with backing from Multicoin Capital, Coinbase Ventures, Delphi Ventures, and Solana Ventures.

Protocol offers cost-effective alternative to qualified custodians for non-RIA users.

Institutional demand requires dapp compatibility with protocol's multisig functionality; current ecosystem shows limited implementation.

Key team member Shimon departs to launch new venture in credit and onchain finance space.

Stablecoin TVS (Total Value Secured) surpasses $800M milestone.

Consumer wallet product featured at Stripe Sessions.

Launches business-focused USD account product 'Altitude' with strategic investment from Haun Ventures.

Strategic investment from Haun Ventures announced alongside launch of Altitude, a new stablecoin-based business account service offering payments, yield earning, and upcoming corporate cards.

8M ago

New Visa partnership enables global card issuance with self-custodial stablecoin payments.

9M ago

Selected as official integrator for M^0's new Solana-based stablecoin platform.

Platform fees removed for stablecoin off-ramps and third-party business payouts for next two months.

1Y ago

Mentioned having strong consensus from community.