How to set up a Multi-signature Wallet with Streamflow

Streamflow’s Multisig Wallet app is here and ready to serve individuals and teams looking to establish a treasury gated by multiple private keys. Users can deposit funds to, and initiate payment and vesting streams directly from the Multisig Wallet. We are also cross-compatible with Squads, allowing users to create and access their Multisig wallet from the Streamflow or Squads dashboard.

Here’s a step-by-step walkthrough to creating a Mult-signature Wallet:

Step 1: Connect Wallet

To begin, connect your Wallet to the Streamflow app. Streamflow supports multiple wallet providers including Phantom, Slope, Sollet, and Solfare.

Connecting crypto SPL wallet to Streamflow Finance

Step 2: Name Multisig Wallet

Give your wallet a descriptive name so members can easily identify its purpose. This name can be changed in the future based on a proposal.

Setting wallet name for Streamflow Multi-signature Wallet

Step 3: Add members

Click on the “Members” tab and click the “+ Add Members” button to add members by their SPL wallet addresses. After the second member is added to the Multisig, all coming members must be voted on by the current Multisig members according to the approval.

Adding members to Streamflow Multi-signature Wallet

Step 4: Set the number of approvals needed

Set the number of members needed to complete a transaction. For instance, if you have four members and you want 3/4 of the members to vote to pass a proposal, you can require three of five members to approve a transaction. You can also require one member or all five members to approve a transaction depending on your needs.

Setting aprovals  for Streamflow Multi-signature Wallet

Step 5: Deposit funds

Use your connected wallet to deposit funds into your Multisig. Our Multisig app will reveal all of the SPL tokens available in your wallet to choose from.

Note: You must deposit SOL to the Multisig Wallet before you can send funds to it.

Conclusion

Congrats anon, you’re ready to create proposals and initiate secure streams to recipient wallets! 🎉

If you run into any issues, hop on our Discord and the team will be happy to help you out and get the issues resolved!

About Streamflow

Streamflow is a token distribution platform that enables organizations (and individuals) to distribute funds safely and securely. Streamflow is the market leader on Solana for token vesting services.

More resources:

Website: https://streamflow.finance

Twitter: https://twitter.com/streamflow_fi

Medium: https://streamflow.medium.com

Discord: https://bit.ly/3ssJdu7

Docs: https://docs.streamflow.finance

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Streamflow

Streamflow

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Token distribution platform on Solana blockchain. Vesting contracts, salaries, airdrops. Streamed. #DeFi