defirisk.co
rubric v1.7.0

Is-a-fork-of

Ethena's assessment for RD-F-126 — scored not_applicable on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.

Evidence summary #

Ethena is an original implementation. The delta-neutral synthetic-dollar architecture (basis trade via CEX shorts + OES custody) does not derive from any prior DeFi codebase. Confirmed by Code4rena contest README, all audit scopes, and Ethena documentation describing the novel architecture.

Sources #

  • Docs
    How USDe WorksEthena protocol overview — original designretrieved 2026-04-28
  • GitHub
    Code4rena 2023-10-ethenaCode4rena 2023-10-ethena — novel architecture, no fork declarationretrieved 2026-04-28

Methodology #

Identify the upstream protocol this is a fork of (if any) via bytecode similarity, function-selector set overlap, or team declaration.

See the full factor methodology and distribution across all protocols →

rubric_version v1.7.0 protocol ethena factor RD-F-126 score not_applicable collected_at 2026-04-28 13:58:51