CH 06
Anatomy of a quorum
- Propose. A member with the Initiate right creates a vault transaction and its proposal.
- Vote. Members with Vote rights approve one by one. Each approval is a key written into the proposal account.
- Threshold. When approvals reach the threshold, the proposal becomes Approved. Rejections that make approval impossible kill it.
- Time lock. If the multisig has a time lock, nobody can execute until it has passed.
- Execute. A member with Execute rights fires the transaction. The vault, a PDA with no private key, signs through the program.
Using the multisig on the inspector.