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Smart Consolidation: One click to reduce time, effort and cost

| November 17, 2023

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At Liminal, we are committed to providing cutting-edge solutions that empower our clients to navigate the ever-evolving landscape of digital assets with ease and confidence.

With this mission in mind, we are excited to announce the launch of our highly anticipated feature “Smart Consolidation”

Designed to streamline and automate your digital asset management, this star feature is set to revolutionize the way you store and manage your assets, offering efficiency, cost savings, and peace of mind.

Unlock the potential of digital assets for your institution

Smart consolidation will automatically move smaller balances across thousands of your addresses into a single address.

In addition, you can effortlessly designate multiple destinations with customizable thresholds for consolidation. This empowers you to automatically allocate a portion of the funds to the withdrawal wallet for seamless withdrawal processing, while securely directing the remaining substantial portion to cold wallets for enhanced protection.

Whether you’re an:
Custodian wallet
Managing substantial deposits
Smart consolidation is tailored to meet your needs.

Secure and manage your digital assets with Liminal

Plus, Who’d want to miss this: Smart consolidation is set up in a way that it runs on optimal fee settings thereby creating huge savings in transaction fees.

Unlock the power of smart consolidation with Liminal and achieve three benefits in one stroke:

🕒 Save precious hours and effort on manual refills.
💰 Reduce transaction fees and maximize cost savings
🔒 Enhance the security of your funds

Connecting the dots: Why Consolidation? 

Gone are the days of manually juggling multiple balances and navigating complex transactions. With just a few simple steps, you can optimize your asset management and enjoy the benefits of a streamlined and automated process.

Here’s why we introduced smart consolidation: Let’s decode from the example of an exchange.

Imagine you’re on the operations team of an exchange and take care of fund transfer.  You understand the complexities involved in managing thousands of deposits every day, the manual process of combining funds, transferring them to cold wallets, and monitoring refill wallets can be time-consuming and prone to human error, requiring constant attention even during odd hours.

Enter smart consolidation, the game-changer that revolutionizes the way we handle your digital asset management:

  • No coding required, just configure and ready to use. 
  • No manual effort to move or monitor funds
  • No spending overhead on gas fees. 

With smart consolidation, we connect the dots and create a cohesive ecosystem where efficiency, automation, and time savings are the driving forces.

Say goodbye to manual labor and welcome a streamlined and hassle-free approach.

What makes Liminal Smart Consolidation unique?

Fees Saver:

Liminal Smart Consolidation offers unique cost-saving features that set it apart from the rest.

A. Transaction fees saver:

In a traditional setup, the process of moving funds from the deposit wallet to the cold wallet typically requires three transactions. However, with smart consolidation, this is streamlined to just two transactions, resulting in significant cost savings for you.

B. Gas fees saver:

We provide users with control over their gas fees expenditure. By selecting a gas fees bracket, transactions are executed when the fees fall within the specified range, ensuring optimal savings and efficiency.

Select Destination: Automate your fund flow!

Experience the power of control and automation with Liminal’s select destination feature.

  1. Choose a whitelisted withdrawal wallet: Select the destination where you want to store your consolidated funds securely.
  2. Set threshold amount: Define the threshold amount for automatic fund transfer. Once the threshold is reached, funds exceeding it will be seamlessly moved to the designated second wallet, be it refill or withdrawal.
  3. Send spillover funds to cold wallets: Maintain a desired balance in the withdrawal wallet to mitigate risk. Liminal empowers you to automate the process without manual intervention, ensuring a smooth and efficient workflow.

Optimized Flow: You can maintain just the right amount of balances in hot wallets to process immediate needs and move the rest of funds to cold wallets and you can setup different rules for different assets as well.. for example, you want to sweep Stable coins to different wallets and at higher gas settings to make sure faster and immediate transfers and other tokens to different wallets and with lower gas fees, you can do that.

Increase in Automation, Decrease in Manual Effort: 

  1. Automation: Add custom rules to automate balance monitoring and fund movement. Let Liminal take care of it all, saving you valuable time and effort.
  2. No more manual calculations: Not only does consolidation save you valuable time, but it also eliminates the overhead costs associated with gas fees. By optimizing the transaction flow, you can maximize your resources and allocate them to more impactful areas of your business.
  3. Tailored Solutions: Customize the consolidation rules to match your specific business needs. Liminal ensures a personalized experience that caters to your unique requirements.

Looks like consolidation is for you?  You can book a demo today – click here

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