# Asset sweeping now available

Wallet-as-a-Service (Palisade) now includes **asset sweeping**, which automatically consolidates digital assets from multiple vault accounts into a centralized treasury wallet on a configurable schedule.

Asset sweeping streamlines treasury management operations, removes the need for manual transfers, saves time, and reduces operational risk.

Only owners and administrators can configure sweeping operations.

## Why it matters

Managing deposits across multiple wallets takes time and adds operational complexity. Consider an exchange or payment processor receiving crypto deposits from hundreds of customers daily, each into separate wallet addresses.

Without asset sweeping, customers must manually transfer assets from intermediate wallets to treasury accounts, which is inefficient and error-prone. Asset sweeping automates this process, moves funds to their intended destination, simplifies treasury management, and reduces operational overhead.

## What is asset sweeping?

Asset sweeping is an automated workflow that regularly moves assets from designated wallet accounts to a centralized treasury wallet. This on-chain operation consolidates your funds for treasury management, liquidity provision, or other business purposes.

## Key features

- **Chain-specific configuration**: Set up unique sweeping parameters for each blockchain.
- **Customizable asset selection**: Choose which assets to include in your sweeping operations.
- **Flexible wallet selection**: Enable sweeping on source wallets.
- **Dedicated fee management**: Specify a separate wallet for transaction fees.
- **Scheduled execution**: Automate daily sweeps.
- **Minimum amount thresholds**: Set minimum amounts to optimize for gas efficiency.


## Get started

1. **Go to Workflows**: Go to **Settings** and select **Workflows**.
2. **Create a sweep**: Select **Create sweep** to configure a new sweeping operation.
3. **Configure parameters**:
  * Name your sweep for easy identification.
  * Select the blockchain network.
  * Choose the assets to sweep.
  * Select the **Deposit wallet** and **Fees wallet**.
  * Review and save your configuration.
4. **Configure source wallets**:
  * Enable outgoing transactions.
  * Enable sweeping.
  * You don't need to configure policies on source wallets.


After you create a sweep, use the action menu for each sweep to:

- View sweep details.
- Delete the sweep configuration.
- Enable or disable the sweep.
- Run a **Manual sweep**.


## Configuration options

**Blockchain selection**: Palisade supports multiple chains, including Bitcoin, XRP Ledger, Ethereum, Arbitrum, and Base.

**Asset configuration**:

- Select standard assets from the **Asset** dropdown, or switch to a non-standard asset and enter a symbol and contract manually.
- Set minimum sweep amounts to optimize transaction costs.


**Wallet configuration**:

- **Deposit wallet**: The wallet that receives swept assets.
- **Fees wallet**: The wallet that pays transaction fees.


**Frequency configuration**:

- **Frequency**: Select an hourly or daily sweep frequency.


## Best practices

- **Optimize gas costs**: Set appropriate minimum sweep amounts to avoid unnecessary transactions with minimal value.
- **Monitor regularly**: Review your sweeping operations periodically to make sure they align with your treasury management strategy.
- **Manage fees**: Keep enough native asset in the fee wallet to cover transaction costs.


## Limitations and considerations

Consider these limitations when you use asset sweeping:

- You can create one sweep configuration per blockchain.
- Palisade processes transactions for monitored wallets sequentially.
- Palisade sets the default sweep frequency to daily.


## Planned enhancements

Palisade continues to improve asset sweeping. Planned enhancements may include:

- Custom scheduling options beyond the daily and hourly frequency.
- Advanced reporting and notifications for sweep events.
- Parallel transaction processing.


For more information about configuring asset sweeping for your organization, contact your account manager or our support team.