Midas
TEMPEREDRWA / Tokenization · Ethereum · $100M+ TVL · 10 contracts
Confidence 55%Z-Factor 0.50Updated 2026-05-17Public Score
Public risk assessment — scores are produced with the same methodology as monitored protocols
669
BRI Score
3004756508251000
Security Profile
Access Control
60
60
Economic Soundness
68
68
Oracle Integrity
55
55
Compositional Risk
72
72
Governance
40
40
Maturity
25
25
Resilience
54
54
Supply Chain
70
70
Op Security
49
49
Cascade Exposure
100
100
Access Ctrl
60
60
Economic
68
68
Oracle
55
55
Compos.
72
72
Govern.
40
40
Maturity
25
25
Resilience
54
54
Supply Ch.
70
70
OpSec
49
49
Cascade
100
100
Min
25
Avg
59
Max
100
Audit History
Quantstamp
2024-02
Bug Bounty Program
$100,000
Max payout on Immunefi
Assessment
Very new tokenized treasury protocol (14 months). D6 extremely low (25) for minimal maturity. D5 low (40) for fully centralized governance. D3 low (55) due to off-chain oracle dependency. Simple contracts but high centralization risk.
Dimension Breakdown
How scores work →Access Control
Weight 18%55% conf
60
arrow_forwardModerate
+15Admin controls minting/burning of tokenized treasury tokens
+15KYC/AML gating on token access
+15Centralized redemption process
+15Whitelist-based access model
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Economic Soundness
Weight 13%60% conf
68
arrow_forwardModerate
+341:1 backing by US Treasuries (custodied off-chain)
+34Redemption mechanism depends on off-chain process
-16Low DeFi economic complexity
-16Peg risk if custody arrangement fails
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Oracle Integrity
Weight 13%52% conf
55
arrow_forwardModerate
+18NAV depends on off-chain treasury valuations
+18Limited on-chain price verification
+18Trust assumption in custodian reporting
-45No real-time on-chain oracle for backing verification
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Battle-Tested Maturity
Weight 12%40% conf
25
arrow_forwardCritical
+8Live since early 2024 (~14 months)
+8Very new tokenized treasury protocol
-75No significant stress events
+8Z-factor: 0.7
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Governance & Upgradeability
Weight 10%55% conf
40
arrow_forwardConcerning
+13Centralized company governance
-60No on-chain governance mechanism
+13Team controls all protocol parameters
+13Regulatory compliance drives governance model
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Adversarial Resiliencelock
Weight 10%95% conf
54
Concerning
- Score derived from continuous adversarial security research
Operational Security
Weight 10%50% conf
49
arrow_forwardConcerning
-8No branch protection detected
-8No CI/CD pipeline detected
+24Strong PR review culture (70% reviewed)
-8Minimal development activity (0 commits/month)
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Compositional Risk
Weight 5%65% conf
72
arrow_forwardGood
+24Limited DeFi composability (restricted tokens)
+24Whitelist model limits composition surface
+24Some DeFi integration for yield access
-28Lower composition risk than open DeFi
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Cascade Exposure
Weight 5%50% conf
100
arrow_forwardExcellent
+50Member of 2 dependency cluster(s)
0No cross-protocol cascade exposure detected
0Score: 100/100 (higher = more isolated from systemic risk)
+50Source: cross_protocol_composition.json dependency analysis
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Supply Chain
Weight 4%60% conf
70
arrow_forwardGood
+23Standard ERC-20 token contracts
+23Simple smart contract architecture
-30Low dependency complexity
+23Centralized backend dependencies
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Risk Drivers
Primary risk factors driving this score, ordered by severity.
Battle-Tested Maturity25
Governance & Upgradeability40
Operational Security49
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
Score History & Verification
Score provenance tracking begins with the next reassessment.
On-Chain Data
- Protocol Slug
- "midas"
- Oracle
- BRORegistry (Base)
- Evidence
- IPFS (pinned)
- Staleness Threshold
- 24 hours
Read Score
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