Admin key custody type

Ethena's assessment for RD-F-025 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.

Evidence summary #

Multisig-only admin (no timelock). Dev Multisig 5-of-11 (0x3B0AAf...) is primary ops actor. Docs claim separate 7/10 multisig for DEFAULT_ADMIN_ROLE but no on-chain Timelock contract deployed. timelock_address: null in data cache.

Sources #

Docs
Key Trust Assumptions | Ethenahttps://docs.ethena.fi/solution-design/key-trust-assumptionsretrieved 2026-04-28
Etherscan
Ethena Dev Multisig 5-of-11https://etherscan.io/address/0x3B0AAf6e6fCd4a7cEEf8c92C32DFeA9E64dC1862retrieved 2026-04-28

Methodology #

Read the effective admin/owner/upgrader role on deployed contracts and classify as: EOA / multisig / multisig+timelock / full DAO+timelock / immutable.

See the full factor methodology and distribution across all protocols →

rubric_version v1.7.0 protocol ethena factor RD-F-025 score yellow collected_at 2026-04-28 13:58:51