Upgraded Multisig Wallets are LIVE on Ronin!
Secured by Safe, Powered by Den ⚔️
Key Points
Welcome to Ronin, Safe! Today, Den leveled up Ronin’s multisig capabilities by integrating Safe’s industry-trusted standard. Create and deploy multisig wallets. Send and receive tokens. Interact with dApps. Mavis Market and App.axie support coming soon.
Introducing Safe: Safe is a multisignature wallet provider securing over $100 billion in TVL for over 200 apps from Chainlink to AAVE, as well as 6M monthly active users including Vitalik Buterin. Follow the instructions below to create your own multisig wallet on Ronin in less than 3 minutes.
What this means for current multisig users: No action is required for most users. Your multisig wallets now leverage the latest Safe’s industry-leading standards featuring a fresh UI. However, some users with pending transactions may need to complete a few additional steps below.
Welcome to Ronin, Safe! Security is paramount in Web3, and multisignature wallets can offer a strong layer of protection against threats. Safe is an industry-leading multisig provider trusted by Vitalik Buterin and leading Web3 projects to secure over $100 billion in Total Value Locked (TVL) – and Den integrated Safe on Ronin today.
Create and deploy multisig wallets. Send and receive tokens. Interact with dApps like Katana, RNS, Scatter, and more. Ronin has joined over 200 apps secured by Safe – from Chainlink to AAVE. Here’s what’s new!
Reinforcing Security with Safe and Den
Safe is more than an industry-leading multisig wallet provider: they’re the engine behind Safe{Core} – an open-source stack for smart accounts. Den are Safe Guardians, which means they contribute to Safe’s ecosystem by driving ecosystem adoption. Safe builds multisig wallet technology, Den helps integrate it.
Today, Den completed Safe’s integration on Ronin. That means multisig users now benefit from stronger security, can batch multiple transactions, and will see a fresh UI on the multisig front-end. Keep an eye out for even more features coming soon – like support for Mavis Market and App.axie. That means anyone will soon be able to trade NFTs from their multisig wallets!
What is a multisignature wallet? In general, a multisignature wallet requires two or more signatures to confirm transactions. Think of it like a shared wallet – no single person has 100% control. This kind of arrangement reinforces security because it’s harder for bad actors to compromise multiple addresses than just one. Many teams use multisig wallets to manage large holdings like treasury funds. Note that single-signature vaults are also available.
What does this mean for existing Multisig Users?
No action is required for most existing users. That’s because existing Safes are indexed in the new deployment by Den. However, some users may have pending transactions awaiting signatures. If that’s the case for you, here are two ways you can complete those transactions:
Option 1: Create a new Transaction using the new multisig Safe
Option 2: Access the old multisig here and sign the pending transaction
Pro-tip: Look for the new Dark Mode feature on your Safe account.
How to Create a Multisig Safe on Ronin
Step 1: Go to https://ronin.safe.onchainden.com/welcome and connect your Ronin Wallet
Step 2: Click “Create New Safe Account” and name your Safe
Step 3: Input the addresses that will engage with your Safe, and specific how many addresses are required to confirm transactions
Step 4: Click “Create.” You’re ready to start using your Ronin Safe!
Final Thoughts
Ronin’s grand opening is fast-approaching and our industry has been making headlines around the world. Our movement is at the doorstep of a new era. Ronin Safes equip users with tools to fortify security and bolster best practices. Let’s keep pushing!