Overview
When running a Coordinator node on mainnet, we strongly recommend using a Multisig wallet. This approach ensures robust operational security and facilitates shared management responsibilities. We provide full support and guidance for setting up a Multisig with Squads.xyz.What is a Squads Multisig?
A Squads Multisig is a multi-signature wallet that allows you to control your Coordinator node with multiple signatures. It is a secure and reliable way to manage your Coordinator node, including:- Your Coordinator node can’t be hacked if one of your computers is compromised
- You won’t lose access to your Coordinator node if you lose your private key
- You can add multiple people to the Squads Multisig, so you can share the responsibility of managing your Coordinator node
- Processes can propose transactions, like running checkpoints, which you can approve or reject in the Squads multisig
High level overview of the process
Step 1: Create a Squads Multisig
Step 2: Add the private key of your laptop as Proposer
Step 3: Register your Coordinator account using the Squads Multisig
Step 4: Use the CLI to register your wallet as a Coordinator with the protocol.
Step 5: Approve and execute the transaction in the Squads Multisig
Once you have finished the setup you can now run any Crunch CLI command using the Squads Multisig by adding the-m or --multisig flag.
For convenience you can also store this setup in one of our profiles by running:
-m flag, staging a transaction in the multisig for approval.