★ Low-threshold multisig vs TVL
Kamino Lend's assessment for RD-F-028 — scored red on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
Exponential.fi (April 2026 archived snapshot) attested: 'Multisig consists of less than 4 signers'. At $1.5B TVL, peer norm is >=5-of-8. <4 signers is critically low threshold relative to TVL. Exact threshold unknown but worst case 2-of-3 or even 1-of-1. NOTE: source page was repurposed in May 2026 to a generic 'YO' risk-engine page; original attestation preserved in Wayback Machine snapshot. Kamino's own docs and governance forum do not publicly disclose admin multisig configuration as of v1.1 closeout.
Sources #
- Curator noteWave B.4 Wayback drift fix (2026-05-07): live exponential.fi/protocols/kamino-lend URL no longer hosts Kamino-Lend risk profile (repurposed to YO engine). Original attestation pinned via Wayback. No alternative primary source publicly discloses Kamino admin multisig signer count as of v1.1 closeout — verified against kamino.com/docs, gov.kamino.finance, and squads.xyz/blog/squadsx-kamino. v1.2 candidate: re-collect from on-chain Squads multisig account if the upgrade-authority address is published.retrieved 2026-05-06
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 →