★ Admin has mint() with unlimited max
Balancer (v2 + v3)'s assessment for RD-F-042 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
BAL minting via BalancerTokenAdmin (0xf302f9F50958c5593770FDf4d4812309fF77414f) follows epoch-based emission schedule with time-decay (RATE_REDUCTION_COEFFICIENT = 2^(1/4) annually). No hard supply cap, but rate-limited by schedule — cannot mint unlimited tokens in a single transaction. Admin cannot arbitrarily inflate supply without following the schedule. BAL emissions proposed to end entirely per March 2026 tokenomics revamp BIPs (Snapshot vote). BalancerTokenAdmin access is gated through Authorizer (multisig-controlled).
Sources #
- EtherscanBalancer V3: Balancer Token AdminBalancerTokenAdmin 0xf302f9F50958c5593770FDf4d4812309fF77414f — mintableInTimeframe() confirms schedule-limited supplyretrieved 2026-05-05
- Balancer Proposes Zero Emissions — Chainwire March 2026Balancer tokenomics revamp — BAL emissions end proposal March 2026retrieved 2026-05-05
Methodology #
Determine whether an admin-callable `mint` on a protocol token has no supply cap or an unlimited maximum supply.
See the full factor methodology and distribution across all protocols →