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Scores/Ethena/Provenance/Economic Soundness
D2

Economic Soundness

Robustness of economic model against flash loans, MEV, liquidation cascades, and incentive misalignment under stress.

Weight 13%68% confidence
55
Moderate
info

How This Score Is Built

Robustness of economic model against flash loans, MEV, liquidation cascades, and incentive misalignment under stress.

+23Strong positive
+12Positive
+5Slight positive
−15Strong negative
−8Negative
−3Slight negative

Score Composition

-22

Funding rate risk: negative rates erode backing, no on-chain hedge mechanism

Strong negativeopen_in_newDeFi Llama TVLMay 4, 2026
-22

CEX counterparty risk: exchange failure could break the peg

Strong negativeopen_in_newDeFi Llama TVLMay 4, 2026
+28

Delta-neutral basis trade: novel, untested in prolonged negative funding

Strong positiveopen_in_newDeFi Llama TVLMay 4, 2026
+28

Insurance fund (sUSDe reserve) provides buffer but size relative to TVL is thin

Strong positiveopen_in_newDeFi Llama TVLMay 4, 2026

Evidence Chain (2 files)

GitHub APIMay 17, 2026, 06:58 PM
open_in_newGitHub (/)
sha256:f2fbd390b4aa...
BlackHart AnalysisMay 4, 2026, 08:00 PM
open_in_newEconomic Soundness — DeFi Llama TVL
sha256:0c69f6838217...

Score History

Automated pipeline dimension update