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Function Overview

The cold wallet function of the ChainUp Custody MPC Wallet provides users with comprehensive fund management and scheduling capabilities, including:

  1. View Fund Details: Users can view the fund details of the current hot wallet, warm wallet, and cold wallet, including the asset distribution and balance of each wallet.

The system defaults to setting the Omnibus wallet as a hot wallet. If you want to modify the hot wallet, please visit the Auto Sweep feature to make changes.

  1. Manually Initiate Asset Flowing Tasks: Users can manually initiate asset flowing tasks, such as warm-to-hot, warm-to-cold, hot-to-warm, etc., to achieve flexible fund scheduling and management.

These functions help users achieve a balance between cold and hot storage, ensuring asset security and efficient operation.

Typically, the cold wallet solution needs to be used in conjunction with the API and aggregation function. The Custody system recommends that you complete the following operations before using the cold wallet function:

  1. Enable API Co-Signer
  2. Configure the omnibus wallet and gas station
  3. Edit and enable the auto sweeping strategy

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Operation Process

1

Configure Hot Storage Wallet

Log in to the Custody Web end and visit the [Cold Wallet] function. When using it for the first time, please first confirm whether the configuration of the [Auto Sweep] - [Omnibus Wallet and Gas Station] has been completed. The system will default to selecting the aggregation wallet as the hot wallet and select one of the wallets under the workspace. The commonly used address of this wallet will be used to store your assets and interact with the warm wallet and cold wallet, achieving distributed storage of assets and automated flow of funds.

The Custody system recommends that exchange customers choose the aggregation wallet as the hot storage wallet.

2

View Asset Information

You can view all asset address information related to the current cold wallet solution, including total assets, hot wallet balance, warm wallet balance, and cold wallet balance.

A self-operating cold wallet solution requires the user to have corresponding hot, warm, and cold wallet addresses for all asset networks. If you do not see the corresponding data, please handle it as soon as possible to avoid affecting the normal storage and scheduling of funds:

  1. No hot wallet address: Confirm whether the hot storage wallet has successfully followed the currency.
  2. No warm/cold wallet address: Please create a contract, and then add the address according to the contract address.
3

Manually Initiate Asset Flowing

Users can manually initiate asset flowing tasks according to actual needs.

Typically, users can automate transfer fund by setting up asset flow strategy. However, if there’s an urgent or specific need, users can manually create dispatch orders to transfer assets between different wallets.

  1. Choose the method: including hot-to-warm, warm-to-hot, warm-to-cold.
  2. Initiate the transaction.

Please note that warm-to-hot and warm-to-cold transactions require the warm wallet contract to meet the following requirements:

  1. The warm wallet contract has configured the Vote-Free Address.
  2. The Vote-Free Address of the warm wallet contract has enough main coins as the transfer gas fee.

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Manually Initiate Asset Flowing

Users can manually initiate asset flowing tasks according to actual needs.

  1. Choose the method: including hot-to-warm, warm-to-hot, warm-to-cold.
  2. Initiate the transaction.
1

Choose asset flowing token

Visit the MPC wallet web interface, go to [Cold Wallet] - [Asset Management], and view all the currently available assets that can be scheduled.

2

Initiate Asset Flowing Order

Select the asset to be transferred, choose the method, and manually initiate the scheduling order.

Please note that warm-to-hot and warm-to-cold transactions require the warm wallet contract to meet the following requirements:

  1. The warm wallet contract has configured the Vote-Free Address.
  2. The Vote-Free Address of the warm wallet contract has enough main coins as the transfer gas fee.

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Frequently Asked Questions

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