★ Low-threshold multisig vs TVL
Cap (cUSD / stcUSD)'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 #
3-of-5 threshold at $342M TVL is within peer norm minimum. However, both Safes share identical signer sets (same 5 persons control both dev admin and token ownership) — effective admin surface is one 3-of-5 group with no real separation of concerns.
Sources #
- EtherscanCap TVL — DefiLlamaTVL $342M at 2026-05-17 per DefiLlama; 3-of-5 threshold for >$100M TVL protocolretrieved 2026-05-17
- Safe Transaction Service API — both multisigs identical signer setsBoth safe_multisigs have identical owner list: [0xDD30a4712e6B34926d4f5aA99c1881573407538C, 0xdf466Fa3ddd0042d990FA9A023e040884CBaD439, 0x7c29F6A93df60Bcd3B20f03B57a2F9e698FD4128, 0x62D0b3c0a77bE77EaB2060266a95FfaD9e6A3F51, 0xA62f87A9D4B5EE1F83cb644Ea076832A396101b8]retrieved 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 →
rubric_version v1.7.0 protocol cap factor RD-F-028 score yellow collected_at 2026-05-17 10:56:24