Governance token concentration (Gini)
Falcon Finance's assessment for RD-F-047 — scored red on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
Effective governance power is entirely the 4-of-6 Safe — maximum centralization. FF token is 100% fixed supply minted to a single address at TGE. Token governance not yet operational. Gini coefficient of governance power = 1.0 (one entity holds all power).
Detail #
FF Token (0xFA1C09…): fixed-supply ERC-20, all tokens minted at construction to 0xaa7cBfC360df28C8417f4dfaa7B61E032ca5BaF5. No Governor contract. No active Snapshot proposals. All protocol decisions rest with the 4-of-6 Safe — a single multisig controlling $1.618B. Governance power Gini = 1.0 for operational control.
Sources #
- EtherscanFF Token — Exact Match verifiedhttps://etherscan.io/address/0xFA1C09fC8B491B6A4d3Ff53A10CAd29381b3F949#coderetrieved 2026-05-12
- Snapshot governance space — no active proposalshttps://snapshot.box/#/s:ffgov.ethretrieved 2026-05-12
Methodology #
Compute the Gini coefficient of governance token holdings across the top-1000 holder addresses.
See the full factor methodology and distribution across all protocols →