TVL concentration (top-10 wallet share)
Ondo Finance's assessment for RD-F-064 — scored gray on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
Not assessed via on-chain scan (outside agent time budget). For RWA products, "TVL concentration" is structurally distinct from DeFi lending protocols — OUSG has a $100K minimum and KYC requirement, meaning institutional holders dominate; top-10 wallet concentration is expected to be high but structurally mitigated by the KYC/redemption gate rather than creating a bank-run dynamic. USDY has no minimum for non-US users, distribution across 13+ chains. Not a red flag at this protocol type.
Sources #
- Curator noteExtracted from 04-economic.md — RD-F-064 finding; no URL cited in originalretrieved 2026-04-28
Methodology #
Compute the percentage of protocol TVL held in the top-10 depositor addresses.
See the full factor methodology and distribution across all protocols →