★ Low-threshold multisig vs TVL
Sushi (SushiSwap) — v2 + v3 + Trident + BentoBox/Kashi + SushiXSwap'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 #
Ops Multisig is 3-of-5 for $111.86M TVL protocol. Peer norm for >$100M TVL protocols is 4-of-7 or higher. Signer identities not publicly attested. Treasury is 4-of-6 (acceptable). The 2024 governance controversy showed the Ops Multisig wallet controls 5.5M SUSHIPOWAH (largest voting block). Below-peer-norm threshold for the main ops wallet creates elevated compromise risk.
Sources #
- URLSushiSwap Community Divided Over Proposed Treasury ChangesCryptoTimes: SushiSwap team treasury vote — ops multisig held 5.5M SUSHIPOWAH votesretrieved 2026-05-17
- 00-data-cache.json safe_multisigs[0]data-cache safe_multisigs[0]: threshold 3, owners_count 5retrieved 2026-05-17
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 →