> For the complete documentation index, see [llms.txt](https://docs.covault.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.covault.xyz/covault-supporting-vault/bitcoin-syndicate-vault.md).

# Bitcoin Syndicate Vault

Bitcoin Syndicate Vault is a multisig vault that store assets and btc .in multisig vault and send it using batch transfer features

**Create New Syndicate Vault**

To create new syndicate vault, you need to follow below steps.\
First, you need to select **New Vault** option on the header.\
Second, you need to switch **Syndicate Vault** to see option for creating new syndicate vault.

<figure><img src="https://2047592946-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FNud09x1pwpX228hDYDZK%2Fuploads%2FPOUHJlGUNFOfXHD3SE4T%2Fimage.png?alt=media&amp;token=018f3095-9db0-4a97-9e93-e1af66890f6f" alt="" width="563"><figcaption></figcaption></figure>

* **Co-signer**\
  This is co-signer list that be used to sign the transaction in this multisig vault.\
  Each co-signers is separeated by ***line break*** and this is not allowed to be repeated.\
  The one co-signer pair make the unique one multisig vault so same co-signer is not allowed to be used again.
* **Threshold value**\
  This vaule is used to define the vaule for threshold in multisig vault. This means to sign the transaction, at least this number of co-signer is needed among co-signers.\
  This vaule should be equal or less than length of co-signer length.
* **Rune as DAO token**\
  In this multisig vault, we applied unique point to use the rune tokens as DAO token.\
  When you check this option, you can see additional input like below picture\
  \ <img src="https://2047592946-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FNud09x1pwpX228hDYDZK%2Fuploads%2F8tJhxCSlOoglFRqfqlay%2FRune%20DAO%20modal.png?alt=media&amp;token=494384d1-e4b9-4fa4-8016-69ebd8f052f1" alt="" data-size="original">\
  \
  ***Upload Image***\
  Here, you can set the Image for multisig vault mark when listing this multisig vault.\
  ![](https://2047592946-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FNud09x1pwpX228hDYDZK%2Fuploads%2FDo4DmKezWEiftWw8mlYS%2Fmark.png?alt=media\&token=81e26117-bdc4-499e-bbf8-568c530f5376)\
  \
  \
  And these info is needed for etching the rune tokens for this multisig vault DAO token.\
  \
  ***Rune Name***\
  This is used for rune ticker. the space will be recognized as a dot in rune name\
  \
  ***Rune Amount***\
  This is amount for rune total supply.\
  \
  ***Rune Price***\
  This is the price for selling and buying the rune tokens between persons.\
  \
  ***Rune Symbol***\
  This is the rune symbol to be used in new rune token.

\
When user finish this process, the new syndicate vault generated successfully.\
Here we need some time to etch new rune tokens. new rune tokens can be etched after 6 block so after this time new rune tokens will be etched successfully.

**Batch Transfer**

This feature is for transfer assets to edition vaults at once by one click

To perform **Batch Transfer**, you need to click **Syndicate vault** on header at first. And then you can see the all syndicate vault list in the mani workspace. Here you need to click **Batch Transfer** to open modal for batch transfer.

<figure><img src="https://2047592946-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FNud09x1pwpX228hDYDZK%2Fuploads%2FQIDeholqevbTGd4iCl5b%2Fimage.png?alt=media&amp;token=ae640209-de22-4629-983d-0134d21eed68" alt="" width="563"><figcaption></figcaption></figure>

After you click **Batch Transfer,** you can see the modal like below

<figure><img src="https://2047592946-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FNud09x1pwpX228hDYDZK%2Fuploads%2FsPrCmG2QSbE8TKxMAfvG%2Fimage.png?alt=media&amp;token=268864c8-7b24-483c-b695-ec7522b37dc1" alt=""><figcaption></figcaption></figure>

These are descriptions of these option for Batch Airdrop in Syndicate

*Rune Ticker - This is assets stored in this airdrop vault so you can select one among them.*\
*Balance - This shows balance with above ticker stored in this parent airdrop vault.*\
*Unite Amount - This is amount that will be airdroped to each editions.*\
*Editions - This shows both of lengh of editions and list of pubkeys of co-signers.* \
*Batch Transfer - This is submit button to batch transfer airdrop tokens.*&#x20;

**Sign Request**

To make the batch transfer, we need to get signature from co-signer at least threshold vaule.\
You can see this request

<figure><img src="https://2047592946-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FNud09x1pwpX228hDYDZK%2Fuploads%2FNcuB3elvMlASeiTjV06n%2Fimage.png?alt=media&amp;token=faf55be2-d5f7-4bdc-8638-5c530a4d156c" alt=""><figcaption></figcaption></figure>

And then you can see request card in main workspace.

<figure><img src="https://2047592946-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FNud09x1pwpX228hDYDZK%2Fuploads%2FFz3oet6NlmnwyX8bc9FM%2Fimage.png?alt=media&amp;token=e2f8c8dc-a9ee-47a1-add4-e7cbbe6e0e2a" alt="" width="563"><figcaption></figcaption></figure>

When you click **Sign** button, you can see wallet modal for signing this transaction.

<figure><img src="https://2047592946-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FNud09x1pwpX228hDYDZK%2Fuploads%2F6WUVytGNIMiXZVv2N6L3%2Fimage.png?alt=media&amp;token=b9faa147-1eef-4b68-86d9-3b699bae4d42" alt="" width="563"><figcaption></figcaption></figure>

After you sign this, you can see that your wallet pubkey is listed on request card.

<figure><img src="https://2047592946-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FNud09x1pwpX228hDYDZK%2Fuploads%2FSK4NMRPKmeAAuoYNQd40%2Fimage.png?alt=media&amp;token=66d27a1c-b04b-440c-95f0-b30329f16af7" alt="" width="404"><figcaption></figcaption></figure>

Once threshold amount of co-signer sign this psbt, this will be broadcasting into network and batch transfer will be performed successfully.
