Plain meaning
Start with the shortest useful explanation before going deeper.
The latest version of the Squads multisig protocol on Solana, offering improved transaction batching, spending limits, time-locks, sub-accounts (Squads Vaults), and role-based permissions. Squads v4 introduces a more gas-efficient design with fewer accounts per transaction and supports programmable execution conditions. It is widely used for managing program upgrade authorities, treasury wallets, and protocol governance on Solana mainnet.