ChainUp Custody's ERC-20 token consolidation feature allows users to aggregate digital assets scattered across multiple wallets into a single designated address through smart contract creation. This process reduces overall transaction costs, enhances transfer efficiency, and simplifies custody management.
How Token Consolidation Works
Token consolidation merges small-balance assets from dispersed wallets into a centralized address. Before proceeding, ensure you've:
- Configured auto-consolidation rules
- Completed necessary wallet authorizations
Two consolidation methods are available:
Manual Consolidation
Performed directly via the Custody APP, this method provides user-controlled flexibility.
Key Steps:
Navigate to consolidation interface:
- Option 1: Use 【Discover】-【Token Consolidation】
- Option 2: Process via 【To-Do】 items
- Confirm operation with private key signature
- Pay applicable network gas fees
Important Notes:
- Multiple signatures may be required for large-scale consolidations
- Private key authentication ensures transaction security
- Monitor real-time gas fee fluctuations
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Automatic Consolidation
Supported for all MPC clients regardless of API availability.
Activation Requirements:
- Contact customer support for setup
- Provide contract deployment
- Complete wallet authorizations
- Fund gas fee reserves
Consolidation Records
View historical data through:
Consolidation HistoryCurrency DetailsTransaction Records
FAQ Section
Q: Can I customize consolidation rules?
A: Yes, contact our support team for tailored solutions matching specific business needs.
Q: What happens if consolidation fails?
A: The system will retry automatically. Check gas reserves and wallet permissions if issues persist.
Q: How often does automatic consolidation occur?
A: Frequency depends on your threshold settings. Real-time monitoring prevents excessive gas costs.
Q: Which tokens support consolidation?
A: All ERC-20 standard tokens with sufficient liquidity for gas payments.