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TLDR: Follow this step by step guide for setting up your agent on Salt.

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What are Agent Managed Accounts?

Agent managed accounts provide Salt users with a way to delegate tasks to 3rd party service providers without handing over any assets. For example, an agent can implement investment strategies on assets held by an entity, without taking custody of those assets. They work within the parameters set by the policies on the managed account, which can include transaction limits and permitted / excluded recipients.

Agents can be human asset managers, professional traders, bots, AI or some combination thereof. Their job is simply to execute on your behalf from your Salt account.

Account owners can turn off an agent’s permission to transact on the account at any time.

Engaging an agent

• Before adding an agent to your organisation, it’s your responsibility to do due diligence on them. You are effectively hiring them to do a treasury management job for your organisation.
• Fees are not yet automated by Salt. You may need to reach out to the agent’s creator / provider to learn about their fees.
• Agents may only work with a particular asset or assets.
• If you add an agent to your account, you are giving them the ability to do any transactions on the account within the limits of your policies on that account. It’s very important to set policies such that the agent cannot transfer assets to themselves or others that you don’t approve.

How to use an Agent Managed Account on Salt

• In the Organisation’s Collaborator section, add the Agent as a collaborator on the Organisation using their account address (0x…. ). Set them up with the Agent access level.
• Create a new Account with the Agent as a co-signer. They will be able to view and transact on this account, however they won’t be able to see your Organisation’s full portfolio.
• Set policies on the account to restrict what the agent can do.
• Move assets into the account for the agent to transact with.
• If you toggle them off on the account’s page, they will no longer be able to transact on the account (the Robo Guardians will not co-sign their transactions).

Turning off an Agent

To turn off an agent, use the toggle on the dedicated Account page.

As soon as you toggle off the agent, they lose the ability to transact from the Account in your organisation, enforced by policies.

To remove an agent from your organisation, find them on the Collaborators page and click the trash can icon. This will mark them inactive. It will not remove them from the accounts. To be safe, you should remove all money from accounts they are a cosigner on and stop using those accounts, even if they are toggled off.