How Quorum works

A vault has a name, 2 to 7 owners and a threshold: how many owners must sign a payment. Both are fixed when it is created. Each vault keeps its own balance of HYPE and of every token paid into it.

deposit(vault) with HYPE as value, or depositToken(vault, token, amount) after an approval. Anyone can pay in. Tokens that tax transfers are counted by what arrives.

An owner calls propose(vault, to, token, amount, note); that counts as their signature. Other owners call approve(id). The signature that reaches the threshold sends the payment in the same transaction. If the vault is short at that moment, the signature fails and the proposal waits.

The owner who proposed it can cancel(id) before it goes out. A proposal can't be edited.

• No owner of the contract, no pause, no upgrade. The treasury only receives the fee.
• Money moves one way out: to the address in a proposal that reached its signatures.
• Tested: thresholds, double signatures, cancels, short balances, tokens. Not audited.

Elysium, chain id 99901.