TVL concentration (top-10 wallet share)
Yearn Finance's assessment for RD-F-064 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
Chain-level concentration: Ethereum 72.08% + Katana 25.10% = 97.18% of TVL on two chains; Katana is an L2 launched June 30, 2025 (approximately 11 months old at assessment). Per-depositor concentration within individual vaults is not programmatically accessible without Dune subgraph queries (Dune 403 persistent gap per process-learnings). Strategy-level concentration within the largest vaults (e.g., a single Morpho or Aave strategy holding 40%+ of a vault) is also unverified without per-vault on-chain reads across 114+ vaults. Scored yellow: observable chain-level concentration is moderate (two chains = 97%), Katana secondary-chain risk is elevated, per-depositor gap not resolvable in this assessment session.
Sources #
- URLPolygon Katana DeFi-Focused Chain AggLayer - BlockworksKatana network (chainID 747474): DeFi-focused L2 launched June 30, 2025 by Polygon Labs/GSR on OP Stack/AggLayer; Yearn deployed V3 vaults natively; ~$44.7M Yearn TVL destinationretrieved 2026-05-16
- Yearn Finance data cache chains breakdown00-data-cache.json: sources.defillama.chains[]: Ethereum 72.08% ($128.33M), Katana 25.10% ($44.69M), Base 1.18%, Optimism 1.16%, Polygon 0.21%, Arbitrum 0.17%, Fantom 0.09%retrieved 2026-05-16
Methodology #
Compute the percentage of protocol TVL held in the top-10 depositor addresses.
See the full factor methodology and distribution across all protocols →