Policies
Creating a new policy
In this current version of NFID Vaults, the person who created the Vault has the one and only Admin role who is able to add or remove policies.
A policy consists of:
- Source accounts from which transactions originate
- Greater than amounts at which point this policy will take effect
- Approvers required to approve a transaction
Creating your policy strategy
By default, a "catch-all" policy is created where any amount from any wallet will require the approval from all members and admins in the vault.
Keep in mind the following when creating your policy strategy:
Individual wallet policies take precedent over policies applied to "Any" wallet
Consider these policies:
| Policy number | Source | Greater than | Approvers |
|---|---|---|---|
| 1 | Any | 0 | 2 of 10 |
| 2 | Example wallet 1 | 0 | All |
Policy 2 will take effect for transactions sourced from Example wallet 1 greater than 0 ICP because this policy was specifically applied to this source.
If a wallet (or Any source) has one or more policies available, a transaction will trigger the policy with the highest value first and approver threshold next
Consider these policies:
| Policy number | Source | Greater than | Approvers |
|---|---|---|---|
| 1 | Any | 0 | 2 of 10 |
| 2 | Example wallet 1 | 0 | All |
| 3 | Example wallet 1 | 10 | All |
| 4 | Example wallet 1 | 20 | 2 of 10 |
| 5 | Example wallet 1 | 20 | All |
Policy 2 will take effect for transactions sourced from Example wallet 1 of a value between 0 ICP and <10 ICP. Policy 3 will take effect for transactions sourced from Example wallet 1 of a value between 10 ICP and <20 ICP. Policy 5 will take effect for transactions sourced from Example wallet 1 of a value greater than or equal to 20 ICP. Policy 4 could exist but will never take effect because policy 5 will always take precedent.
Make sure no gaps exist in your policy workflows
Consider these policies:
| Policy number | Source | Greater than | Approvers |
|---|---|---|---|
| 1 | Any | 10 | 2 of 10 |
| 2 | Example wallet 1 | 10 | All |
Transactions sourced from Example wallet 1 of a value <10 ICP will be automatically approved in this case because there is no applicable policy.
Known minor issues
Policies can have more approvers than members in a vault. All this means is there will need to be another approver added to the vault or this policy would need to be updated for transactions this policy catches to ever be approved.
Updating a policy
Admins can update policies by editing them from the three-dot menu to the right of each policy.
Removing a policy
Admins can archive policies from the three-dot menu to the right of each policy.