★ Low-threshold multisig vs TVL

Evidence summary #

Dev Multisig is 5-of-11 at $3.79B TVL. At this TVL peer protocols typically run 5-of-9 or 6-of-11. 5 colluding signers can execute any admin action. Stronger 7/10 DEFAULT_ADMIN_ROLE multisig claimed in docs but unconfirmed on-chain.

Sources #

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 →