★ Admin has mint() with unlimited max
Ethena's assessment for RD-F-042 — scored green on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
USDe mint() restricted to designated minter address (EthenaMinting contract); owner can change minter but EthenaMinting enforces per-block limits. ENA: 10% annual supply cap, 365-day MINT_WAIT_PERIOD enforced in contract. No unbounded admin mint path exists on either token.
Sources #
- EtherscanUSDe Etherscan: owner = Dev Multisig 0x3B0AAf...https://etherscan.io/address/0x4c9EDD5852cd905f086C759E8383e09bff1E68B3#coderetrieved 2026-04-28
- ENA tokenomics — 10% max annual inflation, MAX_INFLATION and MINT_WAIT_PERIOD enforcedhttps://www.mexc.com/price/ENA/tokenomicsretrieved 2026-04-28
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 →
rubric_version v1.7.0 protocol ethena factor RD-F-042 score green collected_at 2026-04-28 13:58:51