★ Flash-loanable voting weight
StakeWise v3's assessment for RD-F-036 — scored red on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
[★ CRITICAL] Snapshot space stakewise.eth uses erc20-balance-of strategy on SWISE token (0x48c3399719b582dd63eb5aadf12a40b4c3f52fa2) — a standard transferable ERC-20 with no lock or checkpoint mechanism. Voting power = raw token balance at snapshot block. Quorum has been formally removed (governance process post: quorum removed until more SWISE circulates). An entity controlling sufficient SWISE at the snapshot block can dominate a vote. SafeSnap veto by the 4-of-7 Safe partially mitigates but does not eliminate the risk (the Safe could be the attacker or fail to act). No on-chain flash-loan prevention exists.
Sources #
- GovernanceStakeWise DAO Governance Process — forum.stakewise.ioGovernance process post: quorum removed until more SWISE circulates; relative majority requiredretrieved 2026-05-16
- Snapshot Space API — stakewise.ethSnapshot API for stakewise.eth space confirms erc20-balance-of strategy on SWISE token; includes delegation variantsretrieved 2026-05-16
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 →