Gas Station Management - FAQ's

TABLE OF CONTENTS

• What is a gas station? Who is responsible for maintaining the gas station balance?
• How are transaction fees processed?
• How to add gas fee?
• How to withdraw funds from the gas station?
• What are the fees for Managed Custody?

• What is a gas station? Who is responsible for maintaining the gas station balance?

A 'gas station' wallet is a dedicated wallet used specifically for funding transaction fees (gas) for non-native tokens. The client is responsible for maintaining and funding this wallet to ensure the smooth processing of transactions.

• How are transaction fees processed?

A 'gas station' wallet is a dedicated wallet used specifically for funding transaction fees (gas) for non-native tokens. The client is responsible for maintaining and funding this wallet to ensure the smooth processing of transactions.

• How to add gas fee?

Currently, Liminal Gas Station will take care of the gas fee, so make sure you fund the gas station in your organization. However, for full custody, we are building up a system where customers cansee the gas wallet address and they can refill the gas wallet by themself.

• How to withdraw funds from the gas station?

Take the following steps to withdraw your funds from your Gas Station.

1. Refer to the Update Gas Station rules guide to follow the instructions and open the Auto Gas Refill pop-up to adjust the settings.
2. In the Transfer from gas station to destination field, enter the amount you want to transfer to your mobile wallet. Please note that there's a gas fee associated with every transaction. When withdrawing funds from Gas Station, consider the gas fee associated with the transaction. Ensure that you secure a small portion of your funds in your Gas Station to cover the gas fee while transferring a larger amount to your mobile wallet for successful withdrawals. For example, if you have 5 ETH in your Gas Station, you might want to keep 0.01 ETH within it to be used for the gas fee for the withdrawal transaction (assuming the current max gas fee is 0.01 ETH). Then, enter the 4.99 ETH in the field as the amount you wish to transfer to the wallet for withdrawal.
3. Select Continue to save the changes.

Based on your Auto Gas Refill settings, the amount will be transferred to the mobile wallet in some time. Once the funds are in your mobile wallet, you can proceed to withdraw them.

• What are the fees for Managed Custody?

Fees vary based on the services required and the amount of assets under management. Clients should contact Liminal directly for detailed pricing.

If you have any questions or queries please reach out to us at support@lmnl.app