> For the complete documentation index, see [llms.txt](https://help.keyring.app/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://help.keyring.app/keyring-one/features/multisig-account.md). # Multisig Account ## What Is a Multisig Account? A **Multisig Account** is a shared on-chain account that requires approval from multiple authorized signers before any transaction can be executed. Unlike a standard account controlled by a single private key, a multisig account distributes approval authority across multiple participants, eliminating the single point of failure. Functioning like a secure digital vault for organizations and teams, KEYRING ONE's Multisig Account enables businesses to securely manage treasury assets, establish transparent approval workflows, and ensure that no single individual has unilateral control over shared funds. ## How to Create a Multisig Account KEYRING ONE offers different types of Multisig Accounts, each designed for different asset management needs. Currently, users can choose between: * **Original Multisig Account:** A standard Multisig Account for securely holding and managing assets with transactions protected by multisig approval. * **Multisig Account with USDC Auto Lending:** A Multisig Account that includes the same multisig functionality, with the additional ability to automatically lend available USDC through a selected lending partner. More Multisig Account types and features may be added in the future. This guide will be updated accordingly. ### Original Multisig Account An Original Multisig Account is designed primarily for secure asset management. Instead of allowing one wallet to have full control over the assets, transactions require approval from multiple authorized signers according to the configured threshold. In simple terms, assets can be held inside the Multisig Account, but withdrawing them requires the required number of signer approvals. In KEYRING ONE, the approval threshold must be at least two thirds of the total number of signers. 1. Select **Multisig Account** from the top menu. 2. Optional: Enter a name for the account. 3. Set up the **Signers**. Add the wallet addresses that will be authorized to approve transactions. 4. Set up the **Threshold**. This determines the minimum number of signer approvals required to authorize a transaction. 5. In the **Multisig Feature Type** section, select **Original Multisig Account**. 6. Review all settings carefully, then select **Create**. 7. Open **KEYRING PRO Wallet** and sign the confirmation request. 8. Wait for the account creation process to complete. After the process is complete, the newly created account will appear under **My Multisig Account**.
#### Important Notes Once a Multisig Account has been created, its settings cannot be changed. Please review the signers, threshold, and other information carefully before creating the account. Creating a Multisig Account only requires the standard blockchain gas fee. KEYRING ONE does not charge an additional account creation fee. ### Multisig Account with USDC Auto Lending A Multisig Account with USDC Auto Lending provides the same core multisig functionality as an Original Multisig Account, with an additional automatic USDC lending feature. The account still follows the same multisig rules. Assets remain under the control of the configured signers, and withdrawals require the required number of approvals. The main difference is that available USDC in the account can automatically be supplied to a lending protocol selected by the user. This allows USDC that would otherwise remain unused inside the Multisig Account to potentially earn lending yield automatically. #### How to Create The creation process is similar to creating an Original Multisig Account. 1. Select **Multisig Account** from the top menu. 2. Optional: Enter a name for the account. 3. Set up the **Signers**. Add the wallet addresses that will be authorized to approve transactions. 4. Set up the **Threshold**. This determines the minimum number of signer approvals required to authorize a transaction. 5. In the **Multisig Feature Type** section, select **Multisig Account with USDC Auto Lending**. 6. Review all settings carefully, then select **Create**. 7. Open **KEYRING PRO Wallet** and sign the confirmation request. 8. Wait for the account creation process to complete and the new account will appear under **My Multisig Account**.
Unlike an Original Multisig Account, this account will also include an option to select a **Lending Partner**. #### Select Lending Partner After creating a Multisig Account with USDC Auto Lending, you must select a Lending Partner before automatic USDC lending can begin. Until a Lending Partner has been selected, USDC in the account will not be automatically supplied to a lending protocol. 1. Open **My Multisig Account** from the menu on the right. 2. Find your Multisig Account with USDC Auto Lending. 3. Select **Select Lending Partner**. 4. A list of available Lending Partners will be displayed. 5. Review the information for each Lending Partner, including its current APY and total supplied amount. 6. After deciding which Lending Partner you want to use, select **Select** next to that protocol. 7. A confirmation window will appear and a signing request will be sent to your **KEYRING PRO Wallet**. 8. Open KEYRING PRO Wallet and approve the request. 9. After the transaction is completed, the Lending Partner information shown for your Multisig Account will be updated.
Once setup is complete, available USDC in the account will automatically be supplied to the selected Lending Partner at **00:00 UTC each day**. The automatic lending time is fixed and cannot be changed. #### Change Lending Partner You can change the Lending Partner used by your Multisig Account with USDC Auto Lending. After a Lending Partner has been selected, its information will be displayed under **My Multisig Account**, together with a **Change** option. 1. Open **My Multisig Account**. 2. Find the Multisig Account with USDC Auto Lending that you want to update. 3. Select **Change** next to the current Lending Partner. 4. The currently selected protocol will be marked as selected and its **Deselect** option will be available. 5. Select **Select** next to the new Lending Partner you want to use. 6. A signing request will be sent to your **KEYRING PRO Wallet**. 7. Open KEYRING PRO Wallet and approve the request. 8. Wait for the update to complete.
After the Lending Partner has been changed, future automatic USDC lending will use the newly selected partner beginning from the next lending cycle at **00:00 UTC**. Any LP tokens already received from the previous Lending Partner will remain in the Multisig Account. They will not automatically be redeemed or moved. Future lending through the new partner may result in the account receiving the corresponding LP tokens from that protocol. #### Stop Lending You can also stop automatic USDC lending without changing the Multisig Account itself. The process is similar to changing the Lending Partner, except that you deselect the current partner without selecting a new one. 1. Open **My Multisig Account**. 2. Find the relevant Multisig Account with USDC Auto Lending. 3. Select **Change** next to the current Lending Partner. 4. Select **Deselect** for the currently selected Lending Partner. 5. Confirm the change. 6. Open **KEYRING PRO Wallet** and approve the signing request. 7. Wait for the update to complete.
Once the Lending Partner has been deselected, the account will stop automatically supplying USDC to a lending protocol. Any LP tokens already received from previous lending activity will remain in the Multisig Account. The account will continue to function as a normal Multisig Account. Assets can still be held and managed normally, and withdrawals will continue to require the configured number of signer approvals. A Multisig Account with USDC Auto Lending has the same fundamental multisig structure as an Original Multisig Account. The automatic lending feature is an additional function only. As with an Original Multisig Account, the account's signers, threshold, and other creation settings cannot be changed after the account has been created. #### Redeem LP Tokens When USDC is supplied through the automatic lending feature, the selected lending protocol may provide LP tokens or other lending position tokens representing the supplied assets. KEYRING ONE supports automatically supplying USDC to supported Lending Partners, but **KEYRING ONE does not provide a function for redeeming these LP tokens back into USDC**. If you want to redeem the LP tokens, you must first withdraw them from the Multisig Account and then redeem them directly through the protocol that issued them. For example, if the LP tokens were received from Morpho, they must be redeemed through Morpho. The general process is: 1. Withdraw the LP tokens from the Multisig Account in the same way you would withdraw another supported token. 2. Complete the required multisig approvals. 3. After receiving the LP tokens in the destination wallet, open the protocol that issued those tokens. 4. Use that protocol's redemption or withdrawal function to redeem the LP tokens for the underlying assets. For instructions on withdrawing tokens from a Multisig Account, see the **Withdrawal** instruction section. ### Details Explanation #### Signers Signers are the account addresses authorized to approve transactions from the multisig account. Every signer has equal authority, and no transaction can be executed until the required number of approvals has been obtained. By distributing approval across multiple trusted participants, the multisig account eliminates the single point of failure and significantly reduces the risk of unauthorized transactions, compromised private keys, or accidental asset transfers. KEYRING ONE currently supports multisig accounts with **3 to 5 signers**. To add more Signers, click on the **Add more button.**
#### Threshold The threshold defines the minimum number of signer approvals required to execute a transaction. To ensure a strong balance between security and operational efficiency, the minimum approval threshold is fixed at **two-thirds (2/3)** of the total number of signers. The available configurations are: | Total Signers | Minimum Threshold | Meaning | | ------------- | ----------------- | ---------------------------------------------------- | | **3 Signers** | **2 of 3** | At least any 2 signers must approve the transaction. | | **4 Signers** | **3 of 4** | At least any 3 signers must approve the transaction. | | **5 Signers** | **4 of 5** | At least any 4 signers must approve the transaction. | By requiring approval from a qualified majority rather than a simple majority, KEYRING ONE significantly reduces the risk of unauthorized transactions while ensuring that no single signer can independently control organizational assets. Once the required threshold has been reached, the transaction becomes eligible for execution. #### Lending Partner A Lending Partner is a supported DeFi lending protocol where USDC from your Multisig Account can be supplied to earn lending yield. When using a **Multisig Account with USDC Auto Lending**, you can choose one Lending Partner from the available options in KEYRING ONE. Available USDC in the account will then be automatically supplied to that protocol according to the automatic lending schedule. Each Lending Partner may offer different conditions, such as **APY** and **total supplied liquidity**. These values can change over time, so users should review the available information before selecting a partner. Selecting a Lending Partner does not change the multisig structure of the account. The Multisig Account continues to follow the same signer and approval threshold rules configured when it was created. ## Create More Multisig Account After creating your first Multisig Account, the **Multisig Account** page will display its information by default. To create an additional Multisig Account: 1. Open the **Multisig Account** page. 2. Find the menu next to **My Multisig Account** on the right side of the page. 3. Select **Create New**. 4. Repeat the same Multisig Account creation steps used for your first account.
## Use a Multisig Account on Another Chains A multisig account can be used on multiple supported chains while retaining the same account address, signer addresses, and approval threshold. When you switch to another chain, any multisig account that has not yet been created on that chain will appear dimmed under **My Multisig Account**. To activate an existing multisig account on the new chain: 1. Switch to the chain you want to use. 2. Go to the **Multisig Account** tab. 3. Under **My Multisig Account**, select the dimmed multisig account. 4. The **Multisig Account Creation** form will display the same account name, signer addresses, and approval threshold used on the original chain. 5. Review the configuration and select **Create**. 6. Confirm the request in KEYRING PRO Wallet. 7. Wait for the account creation process to complete.
The displayed configuration cannot be edited. This ensures that the multisig account uses the same address and approval settings across every chain on which it is activated. After the account has been successfully created on the new chain, its card will no longer appear dimmed and can be used normally. #### Important Notes * A dimmed account has not yet been created on the currently selected chain. * Activating it creates the same multisig account on that chain. * The account address, signers, and approval threshold cannot be changed during activation. * Assets and balances are managed separately on each chain. * Multiple multisig accounts can be created and used on the same chain. * Each multisig account can be activated on multiple supported chains. ## Supported Chains KEYRING ONE currently supports the following EVM-compatible networks for Multisig Accounts: * Ethereum * Optimism * BNB Chain * Base * Arbitrum * Avalanche * Unichain * Polygon * Robinhood Chain As additional EVM-compatible networks are supported in future releases, they will also be available for Multisig Accounts. ## Supported Tokens KEYRING ONE Multisig Account supports native tokens on supported networks, as well as all ERC-20 tokens deployed on those networks. Token prices and estimated asset values are displayed only when reliable pricing data is available from exchanges or liquidity pools. Tokens without available market pricing can still be held in the account, but their value may not be displayed. #### Important Notes NFTs are not supported by the KEYRING ONE Multisig Account. Although NFTs can technically be transferred to the account address, they will not appear in the interface and cannot be transferred out through KEYRING ONE. Please **do not** send NFTs to a KEYRING ONE Multisig Account.