★ Low-threshold multisig vs TVL

BENQI's assessment for RD-F-028 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.

Evidence summary #

At least 4 signers referenced in secondary sources; no Safe address or confirmed M/N threshold. With $277M TVL, peer norm for this TVL band is 5-of-8 or higher. An undisclosed multisig with possibly 4 signers is assessed as likely below peer norm. Cannot confirm green without on-chain verification.

Sources #

URL
BENQI Security: Audits, Risk Architecture — DEV CommunitySecondary source: at least 4 signers; no timelock; governance risk acknowledgedretrieved 2026-05-16
Docs
Risks & Audits | BENQIBENQI risks page: multisig threshold not disclosedretrieved 2026-05-16

Methodology #

Determine whether the multisig threshold is abnormally low relative to TVL peer cohort (e.g., 2-of-3 for a protocol with >$100M TVL where peer norm is 5-of-8).

See the full factor methodology and distribution across all protocols →

rubric_version v1.7.0 protocol benqi factor RD-F-028 score yellow collected_at 2026-05-16 11:02:12