➕Add a Signatory
Got a new team member? More managers? Add them as your multisig's signatories in 2 easy steps.
Last updated
Got a new team member? More managers? Add them as your multisig's signatories in 2 easy steps.
Last updated
With the current implementation of substrate's multisig pallet, changing signatories is not possible unless you have a proxy linked to your multisig wallet.
If you do have a proxy linked to your wallet(read here how you can do this), you can easily add more signatories to your Polkasafe account.
Go to the Setting's page under the section 'Manage Owners'
Click on 'Add New Owner' button
As you can see above, adding a owner is a 2 step process.
Add New Multisig - When a signatory is added or removed, a new multisig wallet is created and your existing proxy wallet is linked to the new multisig wallet
Remove Old Multisig - Once the new multisig wallet is created and linked to the proxy account, removing old multisig essentially unlinks the existing(old) multisig from the proxy, hence taking away the control of funds managed via multisig away from the previous signers.
Add the Name and address of the new signatory
Modify the threshold if required
Click on 'Add' to initiate the signatory addition process
You will be prompted with 2 transactions sequentially for your signature. As discussed above the first transaction is to create a new multisig with the updated signatories and configuration and the second transaction is to unlink the old multisig from the proxy account.
Once these transactions are signed, the process to add a signatory is initiated and now the other signatories from the existing multisig need to approve these transaction to complete the process.
The 2nd transaction to remove multisig is shown in the queue only after the first transaction to add a multisig and link to proxy is executed.
Once this transaction is approved, the second transaction to unlink proxy from old multisig account needs to be signed by the signatories in the new multisig(updated configuration)
After transaction 1 is approved, a new signatory is added to the multisig wallet and linked to the proxy wallet. As shown above, the 2nd transaction to remove control of previous combination of signers, now awaits approval from the updated list of signatories. Once approved(threshold achieved), the process to add a signatory is completed.
