★ Low-threshold multisig vs TVL
ether.fi'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 #
4-of-7 at $5.1B TVL. Threshold is borderline for this TVL tier (peer norm >$1B LRT is 5-of-9+). More critically, all 7 signer addresses are unlabeled EOAs — no public identity attestation. One signer (0x9506429A) shows hot-wallet behavior (funded by Kraken, 21 txs). Governance docs do not disclose committee member identities, reducing effective accountability.
Sources #
- EtherscanSigner 0x9506429A — unlabeled EOA, Kraken-fundedSafe API owners list; Etherscan signer 0x9506429A (funded by Kraken, unlabeled)retrieved 2026-04-28
- Governance docs: committee named but signers not identifiedether.fi Foundation governance docs — committee not namedretrieved 2026-04-28
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 ether-fi factor RD-F-028 score yellow collected_at 2026-04-28 13:58:46