Oracle role per asset
Ethena's assessment for RD-F-049 — scored green on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
ETH/USD: Chainlink PoR (primary 0x5f4eC3Df9cbd43714FE2740f5E3616155c5b8419 + secondary 0x5147eA642CAEF7BD9c1265AadcA78f997AbB9649); BTC/USD: Chainlink PoR (primary 0xF4030086522a5bEEa4988F8cA5B36dbC97BeE88c + secondary 0x8adE2c8d55F7ee2C9234ad868D44a60Eb9C07f8c); USDT/USD: 3 Chainlink feeds for redundancy; USDC/USD: 3 Chainlink feeds. All Chainlink feeds are attestation-only (PoR), not used for on-chain mint/redeem execution. Minting execution uses Pyth + Redstone (off-chain). Dual-provider design for minting oracle; multi-feed design for PoR.
Sources #
- Docshttps://docs.ethena.fi/solution-design/minting-usde/user-security-measuresretrieved 2026-04-28
- risk-dashboard/.research/protocols/ethena/00-data-cache.json oracle_feeds[]retrieved 2026-04-28
Methodology #
For each oracle, classify its role as Primary / Secondary / Fallback per asset/market.
See the full factor methodology and distribution across all protocols →