Vault policies
When creating a vault, you assign it a vault policy. A vault policy defines the users, permissions, and approval rules that govern operations within that vault. A single vault policy may be assigned to multiple vaults, so any future changes to the policy apply to all vaults using it. You can either use an existing vault policy (inheriting its users, permissions, and rules) or create a new vault policy specifically for the new vault.Quorums and sub-quorums
Operations within a vault follow the vault policy’s quorum and sub-quorum rules.- Quorum: A group of users with permission to initiate and approve operations (default, governance, staking, or withdrawal).
- Sub-quorum: Additional approval layers ensuring operations cannot proceed without a set number of approvals from designated members. Policies may have as many sub-quorums as needed.
- Minimum of 3 members who can initiate and approve operations
- Minimum of 2 approvers per rule
The number of members, approvers, and sub-quorums in each vault policy may be influenced by factors like the use case for each vault—frequent or infrequent withdrawals—and the amount of value in the vault. Requiring a larger quorum for higher values is a common approach.
Creating a vault on iOS
1
Navigate to Create new vault
From the main screen, scroll down and tap Create new vault.
2
Enter vault details
Enter the vault name and description, select the account, then tap Continue.
3
Select a vault policy
Choose to use an existing vault policy or create a new vault policy.
- Existing policy: Reuse the same rules for operation approval, users, and permissions configured for other vaults. Tap Continue to proceed.
- New policy: Create an entirely new configuration specifically for this vault. Tap Continue to proceed.
4
Add users and set permissions (new policy only)
If creating a new vault policy:
- Add vault policy users: Add a group of users with permission to initiate only, or to initiate and approve operations.
- Set user permissions: Specify which users may initiate and approve operations and which should only initiate. A minimum of 3 users should be able to initiate and approve.
5
Configure quorum rules
Set the number of approvers for each operation type, optionally adding rules for specific types (withdrawal, staking, governance), then follow the prompts.
6
Name the new policy (new policy only)
Give the new vault policy a name. Once approved, you can assign it to other vaults later.
7
Add a comment and submit for approval
Add a comment (optional), review the operation details, and submit biometric approval. Administrators with vault management permissions will be notified to approve the vault creation. Anchorage Digital will then review and finalize the operation, making the vault visible.
Creating a vault on the web dashboard
1
Start vault creation
On the dashboard, select Create new vault on the right side to begin.
2
Enter vault details
Enter the vault name and description, then select the account. Select Next.
3
Select a vault policy
Select an existing vault policy or create a new one, then select Next.
- Existing policy: Any future changes to this policy will apply to this vault and any other vaults assigned to it.
- New policy: Add at least 3 members who can initiate and approve operations, then select Next.
4
Define approval rules (new policy only)
Define the rules for approvals needed per operation type (minimum of 2 approvers per rule).
- Set a base quorum and sub-quorums per policy rule.
- Add rules to adjust approval requirements for specific operation types (withdrawal, governance, staking).
5
Review and submit
Add a comment (optional), preview the changes, and select Finish and review. Then use the iOS app to submit the vault for approval.
Managing vaults
Administrators with vault management permissions may change vault settings. Changes are subject to quorum approval, after which Anchorage Digital will review the operation.Updating vault details
To update a vault’s name or description, tap the vault you want to adjust, then tap the settings icon in the upper right corner. Tap Edit, update the vault name and description as necessary, and tap Save.Updating vault details (name and description) does not require biometric approval.
Managing vault users
Administrators with vault management permissions may add, edit user privileges, or remove users from vaults.Adding users to a vault
To grant a user the ability to operate within a vault, add them and assign the appropriate permissions.1
Navigate to vault settings
In the iOS app, tap the desired vault, then tap the settings icon in the upper right corner and select the Users section.
2
Add the user
Tap Add user and select the user or users to add.
3
Set user permissions
To add all users, tap Select all and then Continue. Adjust user privileges by selecting a user and changing their permissions from Initiate and approve to Initiate only as needed, then select Save changes.
4
Submit for approval
Once all privilege changes are made, select Done. After reviewing the operation, submit biometric approval. Quorum approval is then required.