> ## Documentation Index
> Fetch the complete documentation index at: https://manuals.cobo.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Create and set up a Smart Contract Wallet (Safe{Wallet})

> Learn how to create and set up a Smart Contract Wallet (Safe{Wallet}) in Cobo Portal for efficient asset management.

<Info>Due to the Bybit security incident, Safe Wallet has suspended third-party delegate call services. As a result, Cobo's Smart Contract Wallets and related services (including on-chain transaction policies) are temporarily unavailable. However, existing wallets and on-chain transaction policies can still be used. Recovery timeline will be announced later.</Info>

## Prerequisites

* You have set up your account and complete other required steps following the [Quick start guide](/en/portal/quick-start-guide-mpc).
* You have [created](/en/portal/mpc-wallets/ocw/set-up) an MPC Wallet (Organization-Controlled).
* You have been assigned the [Operator](/en/portal/organization/roles-and-permissions) role or a role with equivalent permissions.

<Note>Currently, creating a Smart Contract Wallet on Cobo Portal is akin to setting up a Safe\{Wallet} with Cobo Safe enabled.</Note>

## Step 1: Create a Safe\{Wallet}

1. Log into [Cobo Portal](https://portal.cobo.com/login).
2. Click **Wallets** in the left sidebar, then select **Smart Contract Wallets**, and click the create button.
3. In the pop-up window, select a network where your Safe\{Wallet} will be based.
4. Enter a name for your Safe\{Wallet}.
5. Select signer addresses. These addresses will be used to sign multi-sig transactions on the Safe\{Wallet}.

* My Wallets: Select addresses from your MPC Wallets (Organization-Controlled).
* Address Book: Select MPC Wallets (Organization-Controlled) or EOA addresses listed in your Address Book.
* Other: Manually enter EOA addresses.

6. Enter a signing threshold. The threshold in a Safe\{Wallet} specifies the number of signers required to sign a multi-sig transaction before it can be executed.
7. Enter an optional label for your Safe\{Wallet}. Please note that your Safe\{Wallet} address will only be added to the Address Book if you provide a label in this step.
8. Select an initiator address from your MPC Wallets (Organization-Controlled). This address will be used to cover the network fee when creating your new Safe\{Wallet}.
9. Click **Next**.

<img src="https://mintcdn.com/cobo-6/6qu4-3NcdEb18def/en/images/smart-contract-wallet/1.png?fit=max&auto=format&n=6qu4-3NcdEb18def&q=85&s=7afcb65ae13d79631256f79c91605fbb" className="screenshot_modal" width="1380" height="1572" data-path="en/images/smart-contract-wallet/1.png" />

10. Review your Safe\{Wallet} details, including the signer addresses, signing threshold, and initiator address.
11. Confirm on your Portal Mobile that you initiated this request.
12. Your Safe\{Wallet} is successfully created. You may now proceed to Step 2 to complete the wallet setup.

## Step 2: Initialize a Safe\{Wallet}

1. After you approve the wallet creation request on your Portal Mobile, a **Request Confirmed** window will appear. Click **OK** to begin initiating your Safe\{Wallet}.

<img src="https://mintcdn.com/cobo-6/WQ_GhICAjoCJSGTJ/en/images/smart-contract-wallet/request%20confirmed.png?fit=max&auto=format&n=WQ_GhICAjoCJSGTJ&q=85&s=2aa0eb76b6ac671d6b268dc95611fab1" className="screenshot_modal" width="1124" height="814" data-path="en/images/smart-contract-wallet/request confirmed.png" />

2. You will be automatically redirected to the Smart Contract Wallets homepage, where you will see the initialization status of your new Safe\{Wallet} listed as **Under Review**.

<img src="https://mintcdn.com/cobo-6/WQ_GhICAjoCJSGTJ/en/images/smart-contract-wallet/under%20review.png?fit=max&auto=format&n=WQ_GhICAjoCJSGTJ&q=85&s=fb1b41712a681b0a20b2e6677a28ed48" className="screenshot_full_screen" width="1726" height="186" data-path="en/images/smart-contract-wallet/under review.png" />

3. Click **Under Review** > **View**.

<img src="https://mintcdn.com/cobo-6/WQ_GhICAjoCJSGTJ/en/images/smart-contract-wallet/step%201.png?fit=max&auto=format&n=WQ_GhICAjoCJSGTJ&q=85&s=f581dc5417dedc9e481c3fc65f4fd181" className="screenshot_modal" width="1032" height="478" data-path="en/images/smart-contract-wallet/step 1.png" />

4. You will be redirected to the Transaction History homepage.
5. Connect the initiator address you selected when creating this Safe\{Wallet} and then sign a message. Do note that this initiator address will be used to cover the network fees associated with creating your Safe\{Wallet}.
6. Your Safe\{Wallet} will be successfully initiated once the signing process is complete.
7. Return to the Smart Contract Wallets homepage, where the status of your Safe\{Wallet} will now be automatically updated to **Setup Required**. You may now proceed to Step 3.

<img src="https://mintcdn.com/cobo-6/WQ_GhICAjoCJSGTJ/en/images/smart-contract-wallet/setup%20required.png?fit=max&auto=format&n=WQ_GhICAjoCJSGTJ&q=85&s=a111cd8854138c70673f614e7b587821" className="screenshot_full_screen" width="1756" height="112" data-path="en/images/smart-contract-wallet/setup required.png" />

## Step 3: Set up a Delegate Key

The Delegate Key is used to initiate, but not sign, multi-sig transactions on behalf of Safe\{Wallet} signers. It is a dedicated address created and assigned by Cobo.

1. On the Smart Contract Wallets homepage, click **Setup Required** > **Set Up** next to your Safe\{Wallet}.

<img src="https://mintcdn.com/cobo-6/WQ_GhICAjoCJSGTJ/en/images/smart-contract-wallet/step%202.png?fit=max&auto=format&n=WQ_GhICAjoCJSGTJ&q=85&s=57373ce3bdd6169243eff385c32cac32" className="screenshot_modal" width="1010" height="468" data-path="en/images/smart-contract-wallet/step 2.png" />

2. Click **Set Up Delegate Key**.

<img src="https://mintcdn.com/cobo-6/WQ_GhICAjoCJSGTJ/en/images/smart-contract-wallet/set%20up%20delegate%20key.png?fit=max&auto=format&n=WQ_GhICAjoCJSGTJ&q=85&s=fd699fce540ecb861555e4eff305592d" className="screenshot_modal" width="1132" height="660" data-path="en/images/smart-contract-wallet/set up delegate key.png" />

3. If you are not the Safe\{Wallet} signer:

* Click <img src="https://mintcdn.com/cobo-6/Evbc6_HbhorLVNUQ/en/images/smart-contract-wallet/button_copy.svg?fit=max&auto=format&n=Evbc6_HbhorLVNUQ&q=85&s=b53f91daa3dba071c981ef66567cd4cc" className="icon" width="34" height="34" data-path="en/images/smart-contract-wallet/button_copy.svg" /> to copy the link shown in the pop-up window. Then, send it to any of your Safe\{Wallet} signers to sign.
* Alternatively, click **Copy All and Close** to copy all information, including the Safe\{Wallet} address, Delegate Key, and URL.

<img src="https://mintcdn.com/cobo-6/6qu4-3NcdEb18def/en/images/smart-contract-wallet/4.png?fit=max&auto=format&n=6qu4-3NcdEb18def&q=85&s=88a78d8b7047a175eca44d44ec25c7a2" className="screenshot_modal" width="1120" height="632" data-path="en/images/smart-contract-wallet/4.png" />

4. If you are the Safe\{Wallet} signer:

* Navigate to the link provided and connect to your wallet associated with this Safe\{Wallet}.
* In the pop-up window, review the auto-filled fields and enter a label for this Delegate Key. Then, click **Sign Message**.
* Sign a message in your connected wallet.

<img src="https://mintcdn.com/cobo-6/6qu4-3NcdEb18def/en/images/smart-contract-wallet/5.png?fit=max&auto=format&n=6qu4-3NcdEb18def&q=85&s=f31032ea45d550f3922f2e2413e13b02" className="screenshot_modal" width="1132" height="904" data-path="en/images/smart-contract-wallet/5.png" />

5. The new Delegate Key will be displayed on the homepage. You may now proceed to Step 4.

## Step 4: Create an on-chain transaction policy

1. On the Smart Contract Wallets homepage, click **Setup Required** > **Create** next to your Safe\{Wallet}.

<img src="https://mintcdn.com/cobo-6/WQ_GhICAjoCJSGTJ/en/images/smart-contract-wallet/step%203.png?fit=max&auto=format&n=WQ_GhICAjoCJSGTJ&q=85&s=522da29267ce5ebda6992beab4870f09" className="screenshot_modal" width="1034" height="496" data-path="en/images/smart-contract-wallet/step 3.png" />

2. Select the type of on-chain transaction policy you want to create. Note that creating an on-chain transaction policy requires you to select Delegates. Upon successful creation of this on-chain transaction policy, you authorize these Delegates to perform certain tasks (e.g., token transfers, token approvals, contract calls) using a single-signature.

<img src="https://mintcdn.com/cobo-6/WQ_GhICAjoCJSGTJ/en/images/smart-contract-wallet/on-chain%20tx%20types.png?fit=max&auto=format&n=WQ_GhICAjoCJSGTJ&q=85&s=124f92f57d1f04a16a154f4b798ef813" className="screenshot_modal" width="2014" height="1566" data-path="en/images/smart-contract-wallet/on-chain tx types.png" />

3. Click **Next**.
4. Set up an on-chain transaction policy. For step-to-step guides, refer to [Create contract call policy](/en/portal/risk-controls/create-on-chain-policy).
5. Return to the Smart Contract Wallets homepage, where the status of your Safe\{Wallet} will now be automatically updated to **Ready for use**.

#### What is a Delegate?

Delegate can either be an address from your MPC Wallets (Organization-Controlled), Custodial Wallets (Web3 Wallets), or an EOA address. It is pre-authorized by Safe\{Wallet} signers to perform single-signature operations, such as transferring funds or interacting with dApps. Importantly, the Delegate is responsible for handling gas fees during the execution of single-signature transactions.

<img src="https://mintcdn.com/cobo-6/6qu4-3NcdEb18def/en/images/smart-contract-wallet/8.png?fit=max&auto=format&n=6qu4-3NcdEb18def&q=85&s=2061c9f4d5a886d7e48570e417958ae9" className="screenshot" width="1592" height="424" data-path="en/images/smart-contract-wallet/8.png" />

On Cobo Portal, you can set up Delegates by creating on-chain transaction policies for Smart Contract Wallets. The addresses entered during setup will automatically be designated as Delegates for performing single-signature operations.