How to Initiate Multi-Sig Transactions?

Created by Muskan Bhandari, Modified on Wed, 3 Jan at 11:20 AM by Muskan Bhandari

Multisig (Multi-Signature) enhances security by requiring approval from multiple authorized signers before executing a transaction, thus minimizing the risk of unauthorized access.

Before you start your first transaction, it's important to whitelist the necessary address. Please follow Add Whitelist Address guide for detailed instructions.

 

To initiate a Multi-Sig transaction, follow the steps below: 

 

1️⃣ The Initiator requests a new transaction via the Vaults. 

Select the initial MultiSig wallet, then click on "Send".

 

2️⃣ Select the desired digital asset from the available options in the wallet. 

This step specifies the asset that the user intends to transfer.

 

3️⃣ Provide the transaction amount and add any necessary notes or memos to the transaction.

 

4️⃣ Connect the hardware device, and click on the "Sign" button to proceed. 

Follow the approval instructions on the hardware device, then provide the approval permission to sign the transaction.

 

5️⃣ As soon as a transaction gets initiated, all the co-signers will be provided a notification about the transaction on their liminal vault dashboard, under pending actions. 

 

6️⃣ To approve the transaction, the signer can select the approve button from the dashboard and follow the same approval process.

 

7️⃣ Once all the threshold number of signatures are collected, the transaction gets initiated on the blockchain.

 

At Liminal, we are committed to providing you with a seamless and user-centric staking experience.
If you have any questions or require assistance, please do not hesitate to reach out to our dedicated support team here: support@lmnl.app
Your success is our priority.

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