Multisig wallets are wallets that require a defined amount of different signatures to execute a transaction. The most frequently used multisig on the Ethereum network is the Gnosis-safe multisig; it is a smart contract wallet.
During the creation of the wallet, the user needs to define all the other addresses/wallets that will be a co-owner of the multisig as well as the signature threshold to execute a transaction.
For example, if you have five signers, you can define that all transactions will be executed if three out of the five signatures have been signed.
A multisig allows the user to share a wallet and uphold treasury security between multiple users/team members thus reducing security vulnerabilities.
Current Multisig Signers
For Sushi, the personnel currently managing the multisig are:
Sushi is building a comprehensive DeFi ecosystem with AMM, leverage & margin trading platform, token launchpad and NFT artist platform. Follow our socials to keep up with our product launches and find out more on how you can make the most of your cryptocurrency assets with Sushi’s secure and powerful DeFi tools!
Exchange & XSwap | Kashi | MISO | Docs | Discord | Telegram | Youtube | Tutorial | Github
