Role separation: upgrade ≠ fee ≠ oracle
Frax Finance's assessment for RD-F-035 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
Omega cannot modify its own governance params (only Alpha can — partial role separation). However: upgrade authority for frxUSD = Comptroller 3-of-5; oracle config (legacy) = stale EOA-controlled timelock; minter management = frxUSD owner (Comptroller 3-of-5). The same multisig effectively holds upgrade + minter + pause + AMO-add roles. Partial separation exists at governor level but not at execution level.
Sources #
- DocsAdvanced Concepts | Frax FinanceFrax docs: Omega cannot change its own governance parameters or change Safe configurations — only Alpha can do thisretrieved 2026-05-17
- Pegkeeper Onboarding Review: Frax frxUSD | Llama RiskLlamaRisk: admin multisigs have full control to upgrade contracts, change parameters, or pause functionalityretrieved 2026-05-17
Methodology #
Determine whether the upgrade role, fee-collection role, and oracle-config role are assigned to distinct addresses.
See the full factor methodology and distribution across all protocols →