What is Yodaplus Multisig Vault?

Yodaplus Multisig Vault is a smart contract wallet that runs on the Xinfin blockchain. Before any transaction, it requires a minimum number (M-of-N) of people to approve it. For instance, you have 4 stakeholders in your business. Yodaplus Multisig Vault allows you to set up the wallet that requires approval from all 4 stakeholders before any transaction is sent. It ensures that no single person in the board could compromise the funds. Furthermore, the Yodaplus Vault also provides you with complete self custody of your funds. And, it does not require any bank to approve you of running a crypto business. The smart contract that is deployed is trustless and completely in your control.

What Safe setup should I use?

This depends on the number of owners, threshold and the owner wallet that could be used. It is generally advisable to use more than one owner account with a threshold higher than 1. There is no single account that can execute transactions but, always more than one account required to verify and execute the Safe Transactions. The Safe is compatible with Xinpay, Metamask, hardware wallets like D’CENT and the mobile wallets that could support WalletConnect.

What is the cost of creating a Safe?

The following is the cost off creating a safe. A Yodaplus Vault with 2 owners requires about 70K gas. A Yodaplus Vault with 3 owners requires about 84K gas A Yodaplus Vault with 4 owners requires about 91K gas.

How can I receive funds?

You can easily send digital assets to Yodaplus Vault. The assets include XDC, XRC-20 Tokens, XRC-721 Tokens (NFTs). In order to receive funds to your own Safe, send them from the destination wallet using the Safe address. You will be able to find the safe address above the main navigation menu. You can even click on the “Receive” button to display the QR code for your Safe Address.

How to add owners to your Safe?

Go to the Settings and select he Owners section where you will find “Add New Owner Button”. Make sure that you are connected to one of the existing owners to see this button. Enter the name of the new owner in the Window that was opened and paste the owner’s Xinfin address. You will be able to set the transaction threshold and then you can press the Submit button to confirm the owner change on the blockchain.

Yodaplus Multi-Sig Wallet for Securing your Digital Assets

Manage Your DigiAssets with Advanced Technology

Yplusvault is a MultiSig wallet architectured as a decentralised application on the Xinfin blockchain. It operates worldwide on XDCNetwork, with no intermediaries, making it safer for conducting transactions at the individual and organisation levels. It's a one-stop-shop solution for your advanced digital asset security needs.

Secure, Reliable and Accessible.

Yplusvault is an industry-leading MultiSig wallet because we provide safe, reliable, and trustworthy technology for your transactions.

XinFin Network Community

XinFin is a Hybrid Blockchain platform with an open-source architecture and a global community of independent contributors. By utilizing a delegated Proof of Stake consensus algorithm, the XDC Network can deliver exceptional transaction speed and minimal transaction costs.

TradeFinex

Yodaplus' MultiSig wallet operates in a decentralized, peer-to-peer manner, assisting trade finance originators in distributing deals to a diverse group of funders, including both banks and non-bank entities. It facilitates efficient capital management and strengthens buyer/supplier relationships for both corporate and government treasuries.

Yplusvault is a Multi-utility Wallet

Two-Factor Authentication

With 2-of-2 and 2-of-3 type MultiSig wallets, Yplusvaults provide two-factor authentication for verification before any transaction. A secondary confirmation sent through external devices helps authenticate and secure every exchange.

DAO

Multisig wallets are a useful tool for decentralized organizations, allowing for shared storage of funds and enabling board members to make collective decisions even in the event of disagreements. By implementing a 5-of-7 or 6-of-8 wallet structure, no single user can misuse the key and the security of the wallet is enhanced.

Maker-Checker

Maker-checker accounts help you create multiple keys to your MultiSig wallet. You can store them at multiple locations: on your laptop or at a physical location. It provides an additional security layer for your wallet.

Escrow Accounts

Yplusvaults allow you to set up Escrow arrangements where any initiated transactions are first approved by an appointed third party who ensures that the contractual terms and conditions are fulfilled.

Yplus Vault for Individuals

Yplusvaults can be used on multiple devices, like hardware wallets, laptops, paper wallets, or a combination to store your digital assets

Yodaplus Multi-Signature Wallet Dashboard

Digital Assets

YPlus Multisig Vault supports XDC, XRC20 Tokens(SRX, PLI, USNOTA, GBEX), stable coins (SGDG, EURG, HKDG, USDG), and XRC721 (Collectibles). You can easily find the fiat values of your assets in the vault.

Connect to a D’cent Hardware Wallet

You can easily connect to the XDCPay wallet and a hardware wallet D’cent.

How to Use Your Multisig Wallets

Yplusvaults MultiSig wallet can be used for a variety of purposes.

Connecting to D’Cent Wallet

2FA with Yplusvault

Escrow Account

FAQs

Yplusvault is built on the Xinfin blockchain on the XDCNetwork. Every transaction needs approval from a minimum number of participants before it can be conducted.

To secure your digital assets, consider three factors -

The number of owners
Your threshold
Which owner wallet do you use

It's best to use more than one owner and a threshold higher than one to ensure that no individual can execute a transaction independently.

The Safe is compatible with Xinpay, Metamask, hardware wallets like D’CENT, and mobile wallets that could support WalletConnect.

You can send funds by selecting "New Transactions" and clicking "Send Funds." You must specify your recipients and authenticate the transfer to complete the process.

To send new funds there is an option of “New Transaction” and click on “Send Funds”. Next, you will be able to select the recepients and proceed by transferring the assets to the recipient. After that, you can review the transactions and can modify the advanced transaction parameters like gas with utmost ease.

Yodaplus Multisig Wallet: Be In Charge of Your Digital Assets