Adding Confirmation to a Multisig Transaction in Safe with a Ledger Device
As a 3-owner multisig wallet holder, you’re likely familiar with the process of creating and managing transactions on the Ethereum network. In this article, we’ll guide you through the steps to add a confirmation to a multisig transaction using the Safe app for a Ledger device.
Prerequisites:
- You have a 3-owner multisig wallet setup in Safe.
- Your Ledger device has the necessary software and firmware installed (Safe is compatible with Ledger devices running Linux, Windows, or macOS).
- You have an understanding of Ethereum’s multisig protocol and the concept of confirmation.
Step-by-Step Guide:
- Create a new transaction proposal:
* Open Safe on your Ledger device.
* Tap on the “Transactions” tab.
* Tap on the “+” icon to create a new transaction proposal.
* Enter a name, description, and details for the proposal (e.g., asset, gas price, and fee).
- Configure multisig settings
:
* In the transaction proposal editor, navigate to the “Multisig” tab.
* Enable “Confirmations” by toggling the switch next to it.
* Set the threshold value (i.e., how many confirmations you require for approval). For this example, we’ll use 2 confirmations as a threshold.
- Create a multisig wallet address:
* In the transaction proposal editor, navigate to the “Wallet” tab.
* Click on the “+” icon next to your current wallet address.
* Enter a new wallet name and choose the multisig setting for this wallet (we’ll set it to 2 confirmations as well).
- Add a confirmation:
* In the transaction proposal editor, select the “Confirm” tab.
* Click on the “+” icon next to your multisig wallet address.
* Choose the transaction you want to add confirmation to from the list of proposals.
Tips and Considerations:
- Make sure to test and review the transaction carefully before proposing it.
- You can adjust the threshold value as needed, but keep in mind that too many confirmations may slow down the transaction process.
- If your multisig wallet is set up for a higher-than-2-confidence threshold, you may need to increase the gas price or fee to ensure approval.
Conclusion:
By following these steps, you should be able to add a confirmation to a multisig transaction in Safe with a Ledger device. Remember to test and review your proposals carefully before proposing them to the network. If you encounter any issues or have further questions, consult our documentation or reach out to our support team.
Note: This is just a basic guide, and there may be additional requirements or considerations specific to your use case. Always refer to Safe’s official documentation for more detailed information on multisig transactions and proposal management.