Feature Overview

The Custody system supports monitoring the following operational scenarios for cold wallet functions:

  1. Balance Monitoring Proposal transactions initiated by vote-free addresses do not require signer approval and are automatically passed. Since these transactions require the vote-free address to pay gas fees, it is necessary to maintain a certain amount of the native cryptocurrency. Insufficient native currency balance will cause transaction failure, affecting the automated scheduling of assets. The Custody system monitors the balance of vote-free addresses on the warm wallet based on the user’s configured contract network. If the balance falls below the threshold, an alert is triggered.

If users want to enable balance monitoring, they need to configure the monitoring scope and threshold according to their requirements.

Asset Transfer Task Monitoring

The Custody system monitors the status of warm-to-hot and hot-to-warm transfer tasks and notifies users of key events.

Key events include:

  • Cold Wallet System Task Initiation Notification: The system automatically initiates warm-to-hot, warm-to-cold, and hot-to-warm transfer tasks.

  • Cold Wallet System Task Exception Notification: Task not completed within a reasonable time.

  • Cold Wallet System Task Initiation Failure Notification: Insufficient balance in the hot and warm wallets to cover the transfer amount.

  • Cold Wallet System Task Failure Notification: Transaction failed due to insufficient gas fees, or transaction was rejected.

  • Cold Wallet System Task Success Notification: The system successfully completed the scheduled task.

Operational Process

1

Set Notification Email

Log in to the MPC Wallet Web portal, access the [Cold Wallet] - [Warning Notification] feature, and set up the notification email.

You can add up to 10 email addresses.

2

Configure Balance Monitoring Parameters

  1. Select the network for the vote-free addresses you want to monitor.
  2. Edit the monitoring threshold: The system default value is displayed by default, but users can customize it to 4 decimal places.