D5
Governance & Upgradeability
Admin key concentration, timelock coverage, upgrade mechanisms, and Maximum Extractable Value by Admin (MEVA).
Weight 10%78% confidence
55
Moderate
info
How This Score Is Built
Admin key concentration, timelock coverage, upgrade mechanisms, and Maximum Extractable Value by Admin (MEVA).
+23Strong positive
+12Positive
+5Slight positive
−15Strong negative
−8Negative
−3Slight negative
Score Composition
-45
Team multisig with no formal timelock on config changes
+18
GMX token governance is limited
+18
Market parameter changes can be immediate
+18
Some decentralization via Arbitrum governance
Evidence Chain (2 files)
GitHub APIMay 17, 2026, 06:58 PM
open_in_newGitHub (/)sha256:d88d8686a85a...
BlackHart AnalysisMay 4, 2026, 08:00 PM
open_in_newGovernance & Upgradeability — Source Codesha256:8bda97e3aaf7...
Score History
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Automated pipeline dimension update