★ Single admin EOA

Ethena's assessment for RD-F-027 — scored green on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.

Evidence summary #

No single EOA admin. USDe owner = Dev Multisig 5-of-11 (0x3B0AAf...). EthenaMinting limits managed by Dev Multisig per docs. Deployer (0x8de54b1...) transferred admin to multisig before/at launch.

Sources #

Docs
Mint and Redeem Contract V2 — 'Limits adjusted using Ethena Dev multi-sig 0x3b0aaf...'https://docs.ethena.fi/solution-design/minting-usde/mint-and-redeem-contract-v2retrieved 2026-04-28
Etherscan
USDe Etherscan: owner = Dev Multisig 0x3B0AAf...https://etherscan.io/address/0x4c9EDD5852cd905f086C759E8383e09bff1E68B3#coderetrieved 2026-04-28

Methodology #

Determine whether the effective upgrade/owner/rescue role is held by a single EOA (not a multisig) with no timelock on sensitive operations.

See the full factor methodology and distribution across all protocols →

rubric_version v1.7.0 protocol ethena factor RD-F-027 score green collected_at 2026-04-28 13:58:51