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A quorum is the minimum number of participants required to complete an action.

Transaction Quorum

The number of approvers needed to sign a transaction. If a vault requires a quorum of 3, at least 3 authorized members must participate. Transaction Quorum

Manager Quorum

The number of managers required to approve changes to: Manager Quorum
Manager quorum cannot exceed the number of current managers. To increase quorum capacity, add managers or promote members to manager role.