Set up Smart Consolidation Rule

With Liminal Smart Consolidation, you can customise consolidation threshold per address, source wallet, destination wallet, and type of assets, set up a gas fee, and enable multiple destinations by setting spillover amounts. As an owner or admin of your organisation, you can set up Smart Consolidation Rule for your deposit wallets.

Check out the following interactive demo to understand how to set up Smart Consolidation Rule.

Take the following steps to set up Smart Consolidation Rule in Vaults.

Log into Vaults.
Go to Dev> Smart Consolidation.
Select Create.

The +Add Smart Consolidation Rule pop up appears on your screen.

In the Wallet field, select the source wallet (deposit wallet) from the dropdown.
In the Asset field, select the asset from the dropdown. You can choose "All assets" to apply the same rule to all assets in the wallet, or select a specific asset to apply the rule only to that asset.
In the Minimum Amount (per address) field, enter the minimum amount for each address in the deposit wallet for consolidation. Only addresses above this amount will be consolidated. You can also adjust the currency in USD or native asset using the dropdown.

In the Consolidation Type field, you can select from the following two options in the dropdown:
- Auto: This option allows the consolidation to happen at current network fee.
- Custom: If you select this option, you can set up the maximum gas fee amount for consolidation, which means the consolidation will take place as soon as the gas fee in the network falls to or below the configured amount.

In the Destination field, enter a whitelisted destination wallet. To whitelist a destination wallet, refer to the Whitelist an address document.
In the Spillover if balance greater than (optional) field, you can enter the balance amount of the destination wallet you entered above. Any amount exceeding this balance will be transferred to another wallet that you specify in the Next Destination field.
Select + Add Rule to save the changes.

Note:

If you update your existing Smart Consolidation Rule, it will take effect in the next consolidation cycle.

Setting up Smart Consolidation Rule alone will not initiate or automate the consolidation process. To trigger the process, you must call the Consolidate wallet assets API. For more information, see API use cases. To automate the consolidation process, refer to Automate asset consolidation.

Your Gas Station and Sprayer constantly keep a check on your deposit wallet addresses for insufficient balance of native assets to fund your consolidation transaction. To learn more about Gas Station, see Gas Station.

If you have any questions or require assistance, reach out to the Liminal support team at [email protected]