Deploying a Vault
Last updated
Last updated
A Vault is nothing more than a multi-signature contract. For security reasons, we're using the official multisignature standard as provided by the MultiversX team (see the official ). The user is the owner of the contract, which is not upgradable.
Deploying the contract using the MultisigX interface is as simple as a push of a button, and the user can always verify the signature of the contract's code to attest that it is not malicious (See Verifying the contract's signature).
When deploying a new Vault, the creator can add Board members by entering their addresses when prompted. If none are provided, the create will be the only Board members (new ones can still be added after Vault creation)
After appointing Board members, the creator will be asked to choose a quorum value for the Vault. The choice for the Quorum value is critical to the security of your funds. Refer to Securing your Vault if you have any doubts.
Once the contract is deployed, you will be prompted to import it as a Vault. Note that a one-time fee of 1eGld or 70$ECITY will be charged when registering the Vault for the first time. Other users who want to import the same Vault will not need to pay the fee again.
