What is the request/approve feature?

Request/approve is a feature that allows account owners to enforce permissions-based approval for specific operations. The feature is configured using the approval threshold, which is a value that specifies the quantity of approvals needed for an operation to be approved for implementation. Operations which require approval include:

  • The addition, alteration, or deletion of a user.

  • The addition of a payout address (any other alterations to payout addresses cannot be configured to require approval).

Set Up

Contact your Foundry USA Pool Relationship Manager  with the following information to setup request/approve threshold:  

  • Account name.

  • The approval threshold (the number of approvals required for each request) *this number must be equal to, or less than, the number of approvers on your account so you don’t get locked out. 

  • Written confirmation from the owners of the account the change will be applied to. *e.g., a request for two approvers for the “ABC Group” must be accompanied by written approvals from two owners of the “ABC Group”. 

Important Additional Information

  • Requests in pending status can be found on the “User Management” page, or the “Payment Management” tab of a sub-account’s detail view. Account owners will receive an email notification.

  • Requests remain in a pending status for 72 hours before automatically expiring if no action is taken.

  • Any owner can decline requests.

  • Any updates to the approval threshold will become active immediately.

  • Updates to payout percentages for existing addresses do not require any approvals.

  • Because auto-withdrawal is a security feature effective in the event a wallet address is compromised, turning off auto-withdrawal cannot be configured to require approval.

Using request/approve: Adding a new owner user

  • Click "New User"

Screenshot 2023-10-27 at 11.13.36 AM

  • Fill in fields and click "Add"

Screenshot 2023-10-27 at 11.12.07 AM

  • Pending approval (from the perspective of the requester)

  • Pending approval (from the perspective of the approver - approve/reject buttons visible)

Using request/approve: Change user role

  • Select "Owner" in the "Default Role" dropdown

Screenshot 2023-10-27 at 11.39.42 AM

  • Pending approval (from the perspective of the requester)

  • Pending approval (from the perspective of the approver - approve/reject buttons visible)