★ Low-threshold multisig vs TVL
dYdX v4 (dYdX Chain)'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 #
Cosmos reframe as validator-set concentration. Active set: 50 validators (reduced from 60, governance vote June 2025). Top validator Polychain dYdX holds ~29.5M DYDX out of ~241M total staked (~12.2%). Top-5 combined ~70.6M (~29.3%) — below the 33% chain-halt threshold. Historically 7 validators controlled 66%+ (early 2024). Current distribution more spread but still notable concentration at Polychain. Yellow: no single entity near 33% solo-halt threshold, but validator set is relatively concentrated.
Sources #
- GovernancedYdX Chain Staking Report November 2025dYdX Chain Staking Report November 2025 — top-5 validator stakes listedretrieved 2026-05-17
- dYdX Chain Community Approves Validator Reduction to 50Community approves validator reduction to 50retrieved 2026-05-17
- Securing the chain by smoothing out voting powerForum discussion on voting power concentration — historically 4 validators controlled supermajorityretrieved 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 →