Announcing the Squads Policy Network (SPN): Advancing Smart Accounts through Distributed Policy Enforcement

The SPN will bring granular transaction policies to onchain smart accounts in a trustless and decentralized way. Powered by Jito (Re)staking.

Let's dive in ↓ Onchain smart accounts are the most secure way to store and manage assets. However, they lack the nuanced transaction policies offered by centralized custody providers.

The SPN will extend smart account functionality, adding granular controls and general purpose checks on transactions without compromising security.

1/ Today we'd like to highlight one of the first partners of SquadsX, @JupiterExchange.

Jupiter and our browser extension offer the most secure way to trade on @Solana and access powerful on-chain products like limit orders or DCA. 2/ Swap, limit orders, DCA or even leverage, Jupiter is the home for Solana's trading.

With SquadsX, teams and organizations can connect their multisig to Jupiter's products and trade assets collectively with their team members, all secured by multi-signature.

1/ What if there was a better solution to protect your crypto funds than hardware wallets?

For individuals looking to securely hold their assets on Solana, a multisig like Squads is likely your ideal solution.

How to Use Multisig: A Guide for Individuals 2/ A multisig is a special program that holds assets on-chain and is governed by multiple private keys rather than a single seed phrase/private key.

This contrasts with traditional self-custody solutions where assets become vulnerable the moment the seed phrase is known.

1/ Many don't realize that account abstraction isn't just for Ethereum.

In fact, @solana has always been a blockchain that natively enables it.

An introduction to account abstraction (AA) and how it works on Solana 🧵 2/ AA is a broad concept that roughly refers to the process of abstracting away the rigidity and built-in structures of user accounts within a blockchain, making them more flexible and adaptable while still allowing them to interact with the network.

1/ Today we are announcing Mesh - a new program that we built specifically with institutions and DAOs in mind. We are excited to bring this new experience to Solana and make it part of the Squads Multisig Program Library. Let's dive into all things Mesh. 2/ With Mesh, organizations can create hierarchies or various interdependent structures with multiple multisigs, allowing them to reflect their org structures on chain and power their internal workflows with multisig infra.

1/ Dear @solana Squad, we are going to be brief. Today we officially launched our v2 on devnet at devnet.sqds.io. A short thread to bring everyone up to speed. 2/ v2 is a no-code tool for deployment of Squads - governance multisigs controlled by on-chain proposals. Its publicly available and fully permissionless, just connect your wallet and create your Squad now!