Configuring Auto Sweep Rules
I. Function Introduction
Once users have configured auto-sweep rules, the Custody system will execute corresponding sweeping operations according to the specified sweeping strategy. This will result in assets from general addresses meeting the auto-sweep conditions being transferred to the Omnibus Wallet. In cases where a general address meets the auto-sweep conditions but lacks gas fees, funds will be transferred from the Gas Station address to the general address.
Prerequisites for Using the Feature
Please ensure that the workspace is not expired, as expiration will render all wallet-related business functions unusable.
Ensure that API and Co-Signer configurations are completed to ensure the normal operation of the API, thereby enabling the auto-sweep function to execute smoothly.
Please upgrade the App version to 6.4.5 or higher.
II. Operation Procedure
The sweeping strategy can only be executed after it is 100% configured.
Configuring Omnibus Wallet and Gas Station
Use the Custody App to scan the QR code and configure the Omnibus Wallet and Gas Station through the “Auto Sweep” feature on the Custody web platform.
Confirming Wallet Configuration
The Omnibus Wallet and Gas Station can be the same;
Use the Custody App to scan the provided QR code and sign with local private key shares to confirm the configuration of the Omnibus Wallet and Gas Station.
After the configuration is created by co-managers, the workspace owner will receive a pending task that requires signature confirmation before the configuration can take effect.
Determining the Sweeping Scope
Decide which wallets’ assets will be swept.
Important Note
Omnibus Wallets and the Gas Station can be included in the sweeping scope.
If your wallet has multiple addresses with assets that need to be swept, all assets of the wallet’s addresses will be included in the sweeping scope.
Sweeping Strategy
The sweeping strategy is automatically generated and enabled. The sweeping strategy may encounter anomalies:
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The Omnibus Wallet is not configured
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The Omnibus Wallet has not generated addresses
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The Omnibus Wallet addresses are not encrypted, requiring signature by the workspace owner or admin even after the strategy is enabled
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Insufficient gas fees
The Omnibus Wallet’s list of sweeping destination addresses can be viewed for each address’s status. admins and owners can handle situations where addresses are not generated or encrypted with a single click.
Configuring Notification
Once the system detects:
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Lack of network’s native token for sweeping, and/or
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The Omnibus Wallet lacks addresses: The Omnibus Wallet has not generated encrypted sweeping network addresses, resulting in assets being unable to be successfully swept
Reminder emails will be sent to the set notification email address to ensure that you are promptly informed and can take necessary actions.
Key Steps and Notes
Co-managers can set up to 5 different notification email addresses in the system.
Editing and modifying email addresses require GA verification.
IIII. Frequently Asked Questions
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