๐Ÿ”Swap Signers

Swapping out old Signer and onboarding new Signers.

By utilising the Swap Signer feature, Safe Signer can transfer ownership to a new party. This is crucial when an existing Signer exits an organisation and a successor is needed.

Follow the steps below to swap Safe Signer:

Step 1. Accessing the Swap Signer option

Navigate to the Accounts section. Select the desired Safe, and access the Safe Signers section to view the list of Signers.

Select the Swap icon (indicated in red in the below screenshot) adjacent to the Signer address to be changed.

Step 2: Entering new Signer information and create proposal

A window will appear. Input the new Signer's address, carefully review the details, and click Create Proposal to finalise the process.

The remaining Signers can evaluate and either approve or reject the proposal.

Step 3: Action on Proposal

Signers can take one of three actions on a proposal:

  • Proposal Rejection- If any Safe Signer rejects the proposal, it will be discarded Off-Chain.

  • Proposal Approval and Execution- If the number of votes in favor of the proposal meets Safe's required threshold, the transaction will be carried out, resulting in the previous Signer being replaced by the new one.

  • On-Chain Transaction Rejection- Even after a proposal has been approved, it can still be turned down in the on-chain stage. This can happen if a Safe Signer initially approves the proposal, moving it into the on-chain queue, but other Safe Signers decide to use the On-Chain Rejection option to stop the transaction.

Please ensure that the newly added Signers follow the steps mentioned in the Sign Up, and Joining Existing Organisation articles sequentially. Upon accepting the invitation to join an organisation, they can fully access the Safe and conduct transactions.

Last updated