Governance token concentration (Gini)

Across Protocol's assessment for RD-F-047 — scored gray on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.

Evidence summary #

Governance power concentration (Gini) | Non-circulating supply breakdown (Dec 2024): Across DAO 250M, Risk Labs Treasury 195M, Seed Investors 110M, Other Investors 110.6M. Circulating 334.4M as of Dec 2024. Risk Labs Treasury alone ~19.5% of total supply. June 2025 controversy revealed additional undisclosed coordination (Hart Lambur wallet + Kevin Chan "maxodds.eth" wallet). Effective insider control over governance outcomes is high. Gini coefficient not computed but top-holder concentration...

Sources #

Curator note
Extracted from 02-governance-admin.md — RD-F-047; no URL citedretrieved 2026-04-28

Methodology #

Compute the Gini coefficient of governance token holdings across the top-1000 holder addresses.

See the full factor methodology and distribution across all protocols →

rubric_version v1.7.0 protocol across-protocol factor RD-F-047 score gray collected_at 2026-04-30 21:19:18