Adding a confirmation to a multisig transaction in Safe with a Ledger device

As a 3-owner multisig wallet holder, you are probably familiar with the process of creating and managing transactions on the Ethereum network. In this article, we will walk you through the steps to add a confirmation to a multisig transaction using the Safe app for your Ledger device.

Prerequisites:

  • You have a 3-owner multisig wallet set up in Safe.
  • Your Ledger device has the necessary software and firmware installed (Safe is compatible with Ledger devices running Linux, Windows, or macOS).
  • You understand the Ethereum multisig protocol and the concept of confirmation.

Step-by-step guide:

  • Create a new transaction proposal

    :

  • Open Safe on your Ledger device.
  • Tap the “Transactions” tab.
  • Click the “+” icon to create a new transaction proposal.
  • Enter the name, description, and details of the proposal (e.g. assets, gas price, and fee).
  • Configure multisig settings:
  • In the transaction proposal editor, go to the “Multisig” tab.
  • Enable “Confirmations” by toggling the switch next to it.
  • Set the threshold value (i.e. the number of confirmations required to approve). In this example, we will use 2 confirmations as the threshold.
  • Create a multisig wallet address:
  • In the transaction proposal editor, go to the “Wallet” tab.
  • Click the “+” icon next to the current wallet address.
  • Enter a new wallet name and select the multisig setting for this wallet (we will also set it to 2 confirmations).
  • Add confirmation:
  • In the transaction proposal editor, select the “Confirm” tab.
  • Click the “+” icon next to the multisig wallet address.
  • Select the transaction you wish to add a confirmation to from the list of proposals.

Tips and Notes:

  • Before proposing a transaction, it is important to test and review it thoroughly.
  • You can adjust the threshold value if necessary, but keep in mind that too many confirmations can slow down the transaction process.
  • If your multisig wallet is configured with a trust threshold higher than 2, 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. Be sure to test and review your proposals thoroughly before proposing them online. For any issues or questions, please refer to our documentation or contact 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 the official Safe documentation for more detailed information on multisig transactions and proposal management.