Upgrade frequency (per 90 days)
Ethena's assessment for RD-F-137 — scored green on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
Core contracts (USDe, StakedUSDeV2, ENA) are non-upgradeable direct implementations — no proxy upgrade events possible. EthenaMinting V2 is also a direct implementation. 0 proxy upgrade events in trailing 90 days. Configuration changes execute as direct transactions, not contract upgrades.
Sources #
- EtherscanUSDe Etherscan — direct implementation, no proxy upgrade patternhttps://etherscan.io/address/0x4c9EDD5852cd905f086C759E8383e09bff1E68B3retrieved 2026-04-28
Methodology #
Count the number of contract upgrades in the trailing 90 days via on-chain upgrade events.
See the full factor methodology and distribution across all protocols →
rubric_version v1.7.0 protocol ethena factor RD-F-137 score green collected_at 2026-04-28 13:58:51