Policies
Understand what are policies, and how you can use them to streamline the governance of your vault with multiple accounts.
What are policies?
Policies are sets of rules that apply to an array of accounts. This means that you can manage the rules of multiple accounts (that need to share the same rules).
There are two types of policies you can create:
Single Crypto Asset: This policy is designed to manage the rules for multiple accounts of the same cryptocurrency. All governance rules available for that specific crypto asset can be configured.
Multiple Crypto Assets: This is a more flexible policy type that allows you to apply a single set of rules to multiple accounts from different cryptocurrencies and blockchains.
To maintain this flexibility across different assets, Multiple Crypto Assets policies only support Send rules (no other types of rules) and no thresholds. SPL tokens are also not supported. This system will be improved in the future.
How to set up a policy
Only administrators can create and edit policies.
As an administrator, go to to the Policies section.
Click the New policy button.
In the first step, you will be asked to choose the policy type:
Select Single Crypto Asset if you want to create a policy for accounts of the same crypto asset.
Select Multiple Crypto Assets if you want the policy to apply to accounts from various crypto assets.
Set a Policy name (This name will be visible to Operators, so make it clear and descriptive).
(Optional) Additionally you can set a description of your policy which will only be visible to all Administrators.
If you selected "Single Currency," you will need to choose the Currency that the policy will govern.
Proceed to the next step to configure the Rules for the policy.
For a Single Crypto Asset policy, all rule types available for the selected currency can be configured.
For a Multiple Crypto Assets policy, only Send rules can be configured, and the threshold option will be inactive.
Once you have configured the details and rules, you can review and validate the policy creation. This action will require approval from the quorum of Administrators to be finalized.
Associate a policy to an account
Associate a new account
When creating a new account, an administrator will have two choices during the creation flow:
Custom rules: The rules will apply to this account only. This means that if an administrator needs to edit the rules of this account, they will have to edit the account directly.
Policy rules: The rules of this account are governed by a policy that needs to be selected. This means that an administrator cannot edit the rules of this account directly; they will have to update the policy associated to it.
Associate an existing account
When editing an account, it is possible to replace its current rules with an existing policy.
Only already created policies of the same currency as the current account will be available.
Associating a policy to an existing account will erase the current rules.
Edit a policy
Editing a policy: Any changes made to a policy's rules will be automatically applied to all the accounts associated with it. This action also requires validation by the Administrator quorum. The type of the policy (Single or Multiple crypto assets) cannot be changed after it has been created.
Deleting a policy: It is not possible to delete a policy. However, if a policy is not associated with any account, it will have no effect.
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