BlackHartBlackHart
Scores/dYdX

dYdX

DAMASCUS

Perps DEX · dYdX Chain (Cosmos) · $500M+ TVL · 10 contracts

Confidence 82%Z-Factor 0.82Updated 2026-05-17Public Score

Public risk assessment — scores are produced with the same methodology as monitored protocols

807
BRI Score
3004756508251000

Security Profile

Access Ctrl
76
Economic
82
Oracle
75
Compos.
78
Govern.
72
Maturity
85
Resilience
46
Supply Ch.
82
OpSec
56
Cascade
95
Min
46
Avg
75
Max
95

Audit History

Trail of Bits
2021-02
Peckshield
2023-08
Informal Systems
2023-10

Bug Bounty Program

$500,000
Max payout on Immunefi
View Program →

Assessment

Downgraded from MITHRIL (859) after 26 adversarial findings including 8 Criticals. Chain halt vectors (OOM, Price=0, negative fee panic) demonstrate systemic fragility in consensus-layer validation. ClobPairIdFilter bypass is a direct access control failure enabling fund theft. D7 calibrated against euler_v2 (81 findings, D7=41), reserve (100 findings, D7=40), lido (38 findings, D7=44) using v1.1 severity-weighted formula.

Dimension Breakdown

How scores work →
Access Control
Weight 18%88% conf
76
Good
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+15Cosmos-based chain with validator set
+15Smart contract bridge to Ethereum
+15Governance controls protocol parameters
+15Operator permissions for market creation
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Economic Soundness
Weight 13%80% conf
82
Strong
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+20Orderbook model proven at scale
+20Insurance fund for socialized losses
+20Liquidation engine well-tested
+20Fee structure transparent
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Oracle Integrity
Weight 13%72% conf
75
Good
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+19Custom oracle system for perpetual pricing
+19Multiple data sources aggregated
+19Oracle committee for price submission
+19Centralized oracle trust assumption
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Battle-Tested Maturity
Weight 12%85% conf
85
Strong
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+21V3 live since April 2021, V4 since October 2023
+21Largest perpetual DEX by volume
+21Survived multiple market events
+21Chain migration demonstrates operational capability
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Governance & Upgradeability
Weight 10%72% conf
72
Good
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+18DYDX token governance via Cosmos chain
+18Foundation controls significant parameters
+18Governance participation growing
+18Migration from Ethereum added complexity
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Adversarial Resiliencelock
Weight 10%95% conf
46
Concerning
  • 3 low-severity and 1 informational finding
  • Critical vectors: chain halt (OOM via MinNumVotesPerSample, Price=0 market creation, negative fee panic), ClobPairIdFilter bypass (full account drain)
  • Source: BlackHart adversarial sprint May 2026
Operational Security
Weight 10%60% conf
56
Moderate
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-9No branch protection detected
-9CI/CD present but unstable (40% success)
+19Commit signing: 100% verified
+19Strong PR review culture (97% reviewed)
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Compositional Risk
Weight 5%75% conf
78
Good
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+26Standalone chain reduces external composition
-22Bridge to Ethereum adds cross-chain risk
+26Limited DeFi composability by design
+26Validator set dependency
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Cascade Exposure
Weight 5%50% conf
95
Excellent
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-2No cross-protocol cascade exposure detected
-2Score: 95/100 (higher = more isolated from systemic risk)
+95Source: cross_protocol_composition.json dependency analysis
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Supply Chain
Weight 4%80% conf
82
Strong
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+20Cosmos SDK based
+20Standard Go/Solidity stack
+20Verified Ethereum contracts
+20Custom trading engine
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Risk Drivers

Primary risk factors driving this score, ordered by severity.

Adversarial Resilience46
Operational Security56
Governance & Upgradeability72

Adversarial Risk Signals

Observable security posture indicators. These signals reflect publicly verifiable information and responsible disclosure outcomes. No specific vulnerability details are exposed.

Disclosure HistoryNot Assessed
Remediation VelocityNot Assessed
Bug Bounty ProgramNot Assessed
Audit CoverageNot Assessed
Incident HistoryNot Assessed
Deployed 2021-04-01Z-Factor 0.82010 active dimensionsreceipt_longProvenance Ledger

Score History & Verification

Score provenance tracking begins with the next reassessment.

On-Chain Data

Protocol Slug
"dydx"
Oracle
BRORegistry (Base)
Evidence
IPFS (pinned)
Staleness Threshold
24 hours
Read Score
registry.getScore("dydx")

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