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Scores/Ondo Finance/Provenance/Governance & Upgradeability
D5

Governance & Upgradeability

Admin key concentration, timelock coverage, upgrade mechanisms, and Maximum Extractable Value by Admin (MEVA).

Weight 10%85% confidence
40
Concerning
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

-30

Extremely centralized: admin controls mint, burn, freeze, blacklist

Negativeopen_in_newSource CodeMay 4, 2026
-30

No on-chain governance mechanism

Negativeopen_in_newSource CodeMay 4, 2026
+20

Regulatory compliance requires centralization (by design)

Positiveopen_in_newSource CodeMay 4, 2026
+20

Token holders have zero protocol governance power

Positiveopen_in_newSource CodeMay 4, 2026

Evidence Chain (2 files)

GitHub APIMay 17, 2026, 06:58 PM
open_in_newGitHub (/)
sha256:5dda61615f1e...
BlackHart AnalysisMay 4, 2026, 08:00 PM
open_in_newGovernance & Upgradeability — Source Code
sha256:3ece2a95e61b...

Score History

Automated pipeline dimension update