★ Low-threshold multisig vs TVL
Convex Finance'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 Gnosis Safe at $613M TVL. Threshold is within the cohort norm for this TVL range (3/5 to 5/9 is typical for $500M-$1B protocols). However, two risk amplifiers: (1) all 5 signers are anonymous/pseudonymous with no public identity attestations -- effective trust is 3 of 5 unknown individuals; (2) no general timelock backstop on routine admin calls means a 3-signer compromise has immediate effect on fee rates, pool management, and vote delegation. Not abnormally low by count, but amplified by anonymity.
Sources #
- InternalData cache -- Safe API multisig configuration.research/protocols/convex-finance/00-data-cache.json safe_multisigs[0] threshold=3, owner_count=5retrieved 2026-05-16
- Convex Finance -- Multisig Admin Rights3-of-5 multisig confirmed; team anonymous per profileretrieved 2026-05-16
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 →