Palmera Brings Multisig Smart Accounts to Elysium

Palmera has deployed multisig infrastructure on Elysium, Kinetiq’s Layer 2 for Hyperliquid. The integration supports Safe smart accounts and gives teams building on Elysium a way to manage treasuries, hold ownership of smart contracts, and approve transactions together.

What is Elysium?

Elysium is an EVM-compatible Layer 2 built by Kinetiq for the Hyperliquid ecosystem. It produces blocks every 100 ms, uses HYPE to pay transaction fees, and settles to HyperEVM.

Kinetiq built Elysium to give developers more room to build trading and DeFi applications within Hyperliquid. Its Elysium announcement highlights spot trading, market-making protocols, and token launches as examples of what the network is designed to support.

Why Kinetiq built Elysium

Some trading applications need to update their state several times a second. A market maker, for example, may need to refresh its quotes as prices move. Elysium gives those applications a faster execution environment while keeping HYPE as the gas token and HyperEVM as the settlement layer. Developers can use familiar Ethereum tools to build and deploy their contracts.

What teams can do with multisig on Elysium

A multisig smart account lets a team choose who can sign and how many signatures are needed to authorize a transaction. In a 2-of-3 multisig, for example, any two of the three designated signers can approve a treasury transfer.

Through Palmera’s interface, teams can:

• Create and manage multisig smart accounts on Elysium.

• Choose signers and configure approval thresholds.

• Propose transactions, collect signatures, and execute transactions once the required signatures are in place.

Protocol teams can use a multisig to hold contract ownership and authorize administrative actions. Foundations and ecosystem teams can use one to manage grants, contributor payments, and other treasury operations.

Get started on Elysium: Palmera Shared UI

About Palmera

Palmera provides multisig infrastructure for EVM networks, with support for Safe smart accounts. Its services include contract deployment, transaction indexing, user interfaces, and ongoing maintenance.