★ Low-threshold multisig vs TVL

Sky Lending (formerly MakerDAO)'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 #

Sky Protocol Technical Engine Safe is 2-of-3 at $5.49B TVL — below peer-cohort norm of 5/8+ at this TVL. However this Safe controls operational budget only, not core protocol parameters. Signer identities unattested. S&P B- rating (Aug 2025) cites highly centralized governance.

Sources #

URL
https://www.theblock.co/post/366106/sp-global-sky-protocolretrieved 2026-04-28
Partner feed
https://etherscan.io/address/0x01D26f8c5cC009868A4BF66E268c17B057fF7A73retrieved 2026-04-28

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 sky-lending factor RD-F-028 score yellow collected_at 2026-04-28 00:43:18