# Leveraging Up Risk Management with MultiSig Wallet

> Based Nouns Has Implemented MultiSig Wallet on The Treasury

**Published by:** [Based Nouns](https://paragraph.com/@basednouns/)
**Published on:** 2023-11-17
**Categories:** nftcommunity, daos, basednouns, basedlist, nouns, multisigwallet, safewallet, riskmanagement
**URL:** https://paragraph.com/@basednouns/multisig

## Content

As per Proposal #03, Based Nouns has implemented MultiSig Wallet to leverage up risk management on the treasury. Based Nouns has chosen Safe{Gnosis} Wallet, with considerations as follow. Gnosis Safe is a multi-signature Ethereum wallet that provides additional security and control over digital assets. Here are some key things to know about Gnosis Safe wallets:Multi-Sig - Gnosis Safe requires a predefined number of account signatures (keys) to approve each transaction. This prevents unauthorized transactions.Owner Accounts - Owners can be added or removed from the Safe with approval from existing owners. All management is on-chain.Flexible Thresholds - The signature threshold required for transactions can be customized - e.g. 2 of 3 owners must sign.Compatible Assets - Gnosis Safe supports ETH, ERC20, ERC721 and other token standards on Ethereum. Users retain custody of assets.Execution Gas - Owners pay gas fees for transactions, no additional platform fees. Transactions execute directly on-chain.Security Modules - Optional add-on modules like social recovery wallets, time locks, daily limits etc. can enhance security.Open Source - Gnosis Safe is non-custodial and the contracts are open source for transparency and audits.User Interfaces - Various client interfaces like Safe Multisig, Argent and Zodiac provide easier access and usage.Owner Apps - Owners can selectively permit access to dApps and sites to manage assets in the Safe.Be part of the movement with Based NounsWEBSITE | DAILY AUCTION | PROP HOUSE | BASEDNAME | DISCORD | TWITTER | MIRROR | PARAGRAPH ⌐Ⓑ-Ⓝ

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