Caravan is a tool to help Unchained clients recover their bitcoin in the event that Unchained's platform becomes unavailable.
Caravan is Unchained's stateless, open-source multisig wallet tool. Caravan was designed as a recovery tool for vaults and loans; Unchained clients can use the tool to retain full access to their bitcoin in the case that Unchained services are down or no longer exist.
It can also be used as a standalone multisignature wallet tool for anonymous bitcoiners. You can use it with configured Trezors, Coldcard, or Ledgers without installing additional software.
Caravan is a coordination software for multisig addresses and wallets. That means it can be used to build a multisig wallet derived from xpubs, or individual multisig addresses derived from public keys. In both cases, in order to transact from the wallet or address, you must also have your private keys and BIP32 paths.
Caravan is stateless. It does not itself store any data outside your current browser session. You must safely keep the wallet details (xpubs, BIP32 paths) and addresses (redeem scripts, BIP32 paths) that you create.
Tip: Follow our step-by-step guide if you need to use Caravan for external recovery.