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Signing a request

 

Available for all io.vault and io.network subscriptions, except where otherwise stated.

 

  1. Approving or rejecting a transaction request
  2. Time limit for Signing
  3. Live signing

Approving or rejecting a transaction request

Upon submission of a transaction request all members of the vault signing party will receive the request notification on their signing device to review. After reviewing the request details, a user may either decide to approve or reject the transaction. 

Please note: Any user with login credentials in the organisation can create a transaction request for any vault within the organisation,  so it is important to review the information carefully each time before approving a request.

To approve a transaction, follow the steps below:

  1. Open the app on your registered signer
  2. Select the pending transaction request you want to review
  3. Review transaction details
  4. Using the sliding bar, slide across the screen to approve the transaction
  5. Successfully authenticate via FaceID

Please note: The vault threshold must be met by a combination of signers with sufficient signing power for the transaction to proceed.

To reject a transaction, follow the steps below:

  1. Open the app on your registered device
  2. Select the pending transaction you want to review
  3. Review transaction details
  4. Select “Reject request”

Please note: A transaction may still be approved if other signers reach the required threshold.

Time limit for signing 

Requests listed below expire after 15 minutes by default, except for vault creation requests, which can be approved within 24 hours.

    • Reshare a vault (i.e., modify the vault threshold, update signer permissions, or add/remove signers)

    • Send a transaction

    • Sign (DeFi usage)

    • Mint / Burn (io.network)

    • Allow / Disable (io.network)

If a transaction hasn't reached the required threshold of approvals within this period, a new request will need to be created from the dashboard.

To complete a request:

  • The required vault threshold must be reached

  • All participating signers must be online and logged in simultaneously on their registered devices

Live Signing

  • If a transaction has reached the required threshold of approvals, the signing process will begin automatically between the signers that approved the request
  • During Live Signing, each device must stay online and unlocked for the entire duration of the signing process (generally no longer than 10 seconds). If the device is locked or offline, the process will fail, requiring a new request to be created.