StakePoint
Solana DeFi Glossary
Definitions of key terms used in Solana DeFi, token locking, LP locking, and staking. Published by the StakePoint team.
Multisig
A wallet or signing configuration requiring multiple independent approvals to execute a transaction.
Definition
Multisig (multi-signature) is a security configuration where transactions require approval from multiple independent signers before they can be executed. For example, a 2-of-3 multisig requires any 2 of 3 designated keyholders to sign.
Multisig eliminates single points of failure in smart contract governance. If one keyholder is compromised, hacked, or unavailable, the required threshold of signatures cannot be met — preventing malicious or accidental transactions from executing.
On Solana, multisig is commonly used for smart contract upgrade authorities, treasury management, and admin functions. The Squads protocol is the most widely used multisig solution on Solana.
StakePoint & Multisig
The StakePoint smart contract upgrade authority is controlled by a 3-of-4 Squads multisig. This means no single person — including the founder — can unilaterally modify the StakePoint program. All upgrades require multiple independent approvals.
Related Pages
Frequently Asked Questions
What is multisig in crypto?
Multisig is a security configuration requiring multiple independent signers to approve a transaction. It prevents any single party from acting unilaterally.
Does StakePoint use multisig?
Yes. StakePoint's upgrade authority is a 3-of-4 Squads multisig — requiring three independent signers for any program changes.
Related Terms
Squads Multisig
A Solana multi-signature wallet protocol requiring multiple approvals for transactions.
Anchor Smart Contract
A Solana smart contract built using the Anchor framework.
Non-Custodial
A design where a platform never holds or controls user funds.
Program Derived Address (PDA)
An on-chain Solana account controlled by a smart contract with no private key.