Transactions
How to initiate and execute various transaction types within your Squad.
How transactions work inside Squads
Transactions are a key element of the Squads platform. Whenever a Squad member makes an action that requires approval from other Squad members, a transaction is triggered.
A transaction can have three states:
Active - there are pending signatures from other Squad members to reach the confirmation threshold
Ready - the confirmation threshold has been met and the transaction can now be executed
Cancelled - the transaction was cancelled by Squad members or due to changes in the Squad parameters
Priority fees
When clicking on "advanced settings", users can set their own priority fee to ensure smooth transaction execution during high network activity.
Transactions tab
The "Transactions" tab displays all the Squad transactions by date.
How to approve/reject transactions
Squad actions such as adding/removing a member, sending SPL tokens/NFTs, upgrading programs, etc. will trigger a transaction, which needs to be confirmed by the Squad members according to the multisig confirmation threshold.
The Squad member who initiates a transaction automatically confirms the transaction and is transferred to the "Transactions” tab.
Transactions can be approved or rejected either by expanding them or by clicking on the “See details” button and entering a detailed view.
How to execute/cancel transactions
Upon reaching the confirmation threshold a transaction will change its state to "Ready". From this state, a transaction can be executed by any member within a Squad.
Please note that to execute a transaction, only one vote is needed.
In order to cancel one, a confirmation threshold must be reached.
Batch actions
To save time and efforts, users can approve, reject, or cancel multiple transactions in one click. Click on "Batch Actions" and select the transactions you wish to approve/reject/cancel at once.
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