I recently created a seed phrase with the new update. Will the seed phrase recover the keychains under the masterless? And why are they masterless? I thought we created a master phrase to recover all the keychains? So I have to move the funds from my old keychain to the new one?
The seed phrase do not recover the keychains under the “masterless” keychain.
And yes, you can move your “masterless” keychains to the new one to be able to recover then with the seed phrase.
You can check out this post for more info .