Galoy aims to be a software provider, and have entities manage their own funds. There are currently two wallets that make up the Galoy instance. Cold Storage which is using a shared multi-key setup which has the majority of the funds, while the LND instances they use a single key.
Shared Custody #
LND / Hot Wallet
- Single Key
- On a cloud server
- Goal is to have as minimal amount of funds in the hot wallet.
- Shared Custody
- With communtiy membered
- Does not store the operators keys