Quorum achievable via single-entity flash loan

Ethena's assessment for RD-F-037 — scored green on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.

Evidence summary #

No on-chain governor. Snapshot votes are non-binding. Flash-loan-acquired quorum cannot execute funds transfer or protocol change — the Dev Multisig must sign any on-chain action. Flash-loan governance attack is structurally blocked.

Sources #

Docs
Governance | Ethena — 'fully on-chain governance is not a practical or viable option at present'https://docs.ethena.fi/solution-overview/governanceretrieved 2026-04-28

Methodology #

Determine whether the governance quorum threshold is ≤ the largest available flash-loan notional in the governance token at reference DEX depth.

See the full factor methodology and distribution across all protocols →

rubric_version v1.7.0 protocol ethena factor RD-F-037 score green collected_at 2026-04-28 13:58:51