➖Remove a Signatory

A team member left? Responsibilities changed? Remove them from your multisig's signatories in 2 easy steps.

To remove a signatory from your multisig, follow the process below -

1. Go to the Setting's page under the section 'Manage Owners'

2. Click on '🗑️' button next to the signatory that you want to remove.

3. As you can see above, removing a signatory is a 2 step process.

   1. 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

   2. 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.

4. Modify the threshold if required

5. Click on 'Remove' to initiate the signatory removal 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 remove 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, the signatory is removed from the multisig wallet and the new multisig config is linked to the proxy wallet. 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 remove a signatory is completed.