Understanding multisig and the 3 different keys
What is a Multisig?
Multisig stands for multi-signature. It’s a type of digital wallet that requires more than one key to approve a transaction.
In a 2-of-3 setup:
- 3 keys exist
- Any 2 are needed to approve a transaction or recover access
- This protects you if one key is ever lost, stolen, or compromised
It’s like a safe that needs two keys to open, you control both, and we only help if one goes missing.
The 3 Keys in Oasis Vault
| Key | Who holds it | What happens if you lose it |
|---|---|---|
| Mobile key | You | Funds recoverable with Ledger + Oasis |
| Ledger key | You | Funds recoverable with Mobile + Oasis |
| Oasis recovery key | Oasis |
Why this setup works?
- You hold two keys (mobile + Ledger), so you can transact anytime without our involvement.
- We hold the third, but only for emergencies, like you losing your Mobile key or Ledger.
This means:
- You’re never dependent on Oasis to move your crypto
- But you’re also never lose your crypto if you make a mistake
How are the keys protected?
- Your Ledger key is stored in the secure hardware, offline
- Your mobile key is encrypted, stored in your mobile and iCloud (if you chose to) and can only be decrypted with your passkey
- The Oasis key is securely stored with our proprietary set up
We never have control over your assets. You stay sovereign at all times.
Common Questions
Q: Can Oasis ever move my crypto without me?
A: No. Our key alone can’t do anything. It’s just one of three - and two are always required.
Q: Why not just hold one key and let Oasis handle the rest?
A: That’s not self-custody. If we could move your funds on our own, it would defeat the whole point.