StakePoint
Solana DeFi Glossary
Definitions of key terms used in Solana DeFi, token locking, LP locking, and staking. Published by the StakePoint team.
Squads Multisig
A Solana multi-signature wallet protocol requiring multiple approvals for transactions.
Definition
Squads is a multi-signature (multisig) wallet protocol built on Solana. A multisig wallet requires a minimum number of independent signers to approve a transaction before it can be executed — for example, 3 out of 4 keyholders must sign.
Squads is widely used by Solana DeFi protocols to secure smart contract upgrade authorities, treasuries, and administrative functions. By distributing control across multiple keyholders, multisig eliminates single points of failure — no single compromised key can result in a malicious transaction being executed.
Squads supports hardware wallet signers (such as Ledger), providing an additional layer of security for high-value multisig configurations.
StakePoint & Squads Multisig
The upgrade authority for the StakePoint smart contract is controlled by a 3-of-4 Squads multisig with hardware wallet signers. This means no single person can modify the StakePoint program — any upgrade requires independent approval from multiple keyholders.
Related Pages
Frequently Asked Questions
What is Squads multisig on Solana?
Squads is a multisig wallet protocol on Solana requiring multiple independent signers to approve transactions. It is used to secure smart contract upgrade authorities.
Does StakePoint use Squads?
Yes. The StakePoint smart contract upgrade authority is controlled by a 3-of-4 Squads multisig with hardware wallet signers.
Related Terms
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.
Solana DeFi
Decentralised finance applications built on the Solana blockchain.