★ Low-threshold multisig vs TVL
Marinade Finance'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 #
6/13 ecosystem multisig for upgrades at $602M TVL. Peer norm for top Solana LSTs at this TVL band is 5-9 of 10-13; 6/13 is within acceptable range but not top-tier. No timelock is the main gap. Marinade removed Alameda (FTX) from the multisig post-FTX, demonstrating signer hygiene. Upgrade authority not yet transferred to MNDE Realms.
Sources #
- GovernanceMarinade governance update Oct-2023Marinade Oct-2023 blog — Alameda replaced; planned Realms transferretrieved 2026-05-16
- Multisig Governance | Marinade DocumentationMarinade multisig governance — 6/13 threshold compositionretrieved 2026-05-16
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 marinade factor RD-F-028 score yellow collected_at 2026-05-16 08:48:35