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).
Setup a policy
Only administrators can create and edit policies.
As an administrator, go to to the Policies section.
Click the New policy button.
Set a Policy name (the name will be displayed to operators are the policy governing their accounts).
Set a Currency that the policy will govern (for now, policies can only apply to a set of accounts of the same currency, otherwise it would not be possible to set a threshold for transactions).
(Optional) Additionally you can set a description of your policy that will be visible to you and the other administrators.
Set the Rules that will be applied to all the accounts that will be associated to this policy.
The rules types available depend on the selected currency.
Review and validate the policy.
It will go through the administrator quorum.
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. Only the policies of the same currency as the account will be available.
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
When editing a policy, this will apply the changes to its rules to all the associated accounts.
The edit will be validated by the quorum of administrators.
The list of impacted accounts is available in the policy details.
Delete a policy
It is not possible to delete an existing policy. But it won’t do anything if it’s not associated to an account.
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