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Creating a Squad

Create and launch your Squad on Prysm in a few easy steps.
Activating a new Squad will create a Gnosis SAFE on-chain. Think of Prysm Squads as a UI and transaction layer on SAFEs. Our platform leverages the security of Gnosis SAFEs and makes it more operable and easy to use.

Create your squad

Prysm allows for gas-free Squad creation. Follow the steps below in order to create your squad and explore the platform.
Firstly, connect your wallet that holds the Prysm Access NFT to the Prysm Squads platform. Click "Create Squad" and sign a Prysm one-time key in your wallet. This will load the creation UI for your squad.
Enter a name, mission and avatar for your Squad, and click "Next" when completed.
Enter some basic funding parameters for your contributors. Fundraising on Prysm works through Funding Rounds. This ensures fair distribution of % equity ownership to all members over time.
Add members happens after creating your Squad. Many Squad creators create the Squad first before adding members. This typically happens in a funding round or through the Add Members proposal.
Review your squad details and funding parameters before creating your squad.
After reviewing your squad details, you can click "Create Squad" which creates your squad account. At this point, you will be able to explore some of the features inside the product.
Your funding parameters set in the previous step will transfer to a queued funding round, which you can find in "Active Tasks" on the dashboard as well as in the Funding round tab. To accept deposits into your Squad, you need to activate your wallet.

Activate your wallet

Activating your wallet will create a Gnosis SAFE on-chain and attach it to the Squad that you created on Prysm. Think of the platform as a UI and transaction layer on SAFEs. Our platform leverages the security of Gnosis SAFEs and makes multi-signature wallets more operable and easy to use.
Activating your wallet is an important step to get your squad started. This will allow you to fundraise from your community and subsequently transact with these funds on-chain.
Contact us if you would like to import an existing Gnosis SAFE to Prysm Squads.
You will be able connect this wallet to other apps like Discord, Vulcan, WalletConnect and more to access or utilize external platforms.
Review signing members and signer thresholds before activating your wallet.
Follow these steps to create and activate your wallet.
  • Add Signing Members: Signing Members are admins that manage the Squad. As a group, these members can add/remove members, issue proposals, and ultimately govern the funds in the wallet. This should be a group of 3-10 members.
  • Chose a signer threshold for your Squad: The signer threshold is the number of Signing Members that need to sign off before a transaction is made.
  • Activate your wallet on-chain: Review your details and activate your wallet on chain. This will require a gas fee and can take a few minutes depending on on-chain activity.
After activation, you can find your wallet address at the top of your Squad Dashboard. All contributions via funding rounds will sent to you this wallet address.
You can verify that your wallet address exists by copy-pasting your wallet address to Etherscan or by visiting the Gnosis SAFE app and adding an existing SAFE.