TVL concentration (top-10 wallet share)
USDD (Decentralized USD)'s assessment for RD-F-064 — scored gray on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
Top-10 wallet share cannot be measured. TRON substrate — Tronscan HTML returns 403; no programmatic holder-distribution read path available. USDD minting is controlled by TRON DAO Reserve whitelisted institutions (historically 7 entities: Poloniex, Amber Group, Ankr, Mirana Ventures, Multichain Capital, FalconX, TPS Capital), suggesting extremely concentrated minting authority. Retail holders are distributed via JustLend and exchanges. On-chain concentration of circulating supply cannot be quantified without Tronscan API access.
Sources #
- URLTRON DAO Reserve Appoints Alameda Research as First Whitelisted InstitutionTRON DAO Reserve whitelisted institution announcement — Alameda as first member; subsequent additionsretrieved 2026-05-17
- USDD data cache — non_evm coverage flag.research/protocols/usdd/00-data-cache.json — coverage_flags.non_evm_substrate: true, non_evm_explorer_url: https://tronscan.orgretrieved 2026-05-17
Methodology #
Compute the percentage of protocol TVL held in the top-10 depositor addresses.
See the full factor methodology and distribution across all protocols →