Spending Limits
Learn more about how to use spending limits
Spending limits are an essential feature that allows Squad members to operate more efficiently. By assigning a spending limit to a member, the Squad grants them permission to move a certain amount of assets from the treasury without creating a transaction that needs to be executed by the Squad members.
When setting a spending limit, a member needs to specify the following parameters:
Account - the account from which a member will be able to withdraw funds.
Token and max amount - the specific token and its maximum amount that a member can withdraw. Currently, a member can set only one token per one spending limit.
Time frame - the time frame within which the spending limit is functional. The amount available for withdrawal will be reset at the beginning of a new time frame period. If a member sets "None," then the spending limit will be active until the full token amount is withdrawn.
Destination - a wallet address to which a member will be able to send funds without additional approval. A member can add multiple addresses for withdrawals.
After the spending limit is set, it can be viewed on the member's card by clicking on it or viewed and edited in the "Settings" tab.
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