★ Flash-loanable voting weight
Pendle Finance's assessment for RD-F-036 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
[★] sPENDLE governance via Snapshot off-chain. Snapshot takes a block-level snapshot of sPENDLE balances at proposal creation — preventing same-block flash-loan attacks. However, sPENDLE has no hard lock (14-day withdrawal cooldown only), allowing pre-staged whale accumulation. vePENDLE's 2-year lock was stronger flash-loan protection; the Jan 2026 transition materially weakened this posture.
Sources #
- EtherscansPENDLE proxy — EtherscansPENDLE proxy 0x999999999991E178D52Cd95AFd4b00d066664144 — no voting checkpoint in StakedPendle.solretrieved 2026-04-29
- Pendle Snapshot governance spaceSnapshot space sc.pendle.finance — off-chain advisory governanceretrieved 2026-04-29
- Introducing sPENDLE — Medium (Pendle Team)sPENDLE introduction — 14-day withdrawal, no hard lockretrieved 2026-04-29
Methodology #
Determine whether governance voting power is a function of current token balance of a transferable token with no lock or checkpoint, making it flash-loan susceptible.
See the full factor methodology and distribution across all protocols →