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Scores/Pendle V2/Provenance/Governance & Upgradeability
D5

Governance & Upgradeability

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

Weight 10%75% confidence
60
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

-40

Team multisig with no visible timelock on emergency functions

Negativeopen_in_newSource CodeMay 4, 2026
+15

VotingEscrow + GaugeController governance stack (108 + 343 functions)

Positiveopen_in_newSource CodeMay 4, 2026
+15

CB-004 known finding on VotingEscrow

Positiveopen_in_newSource CodeMay 4, 2026
+15

Centralized parameter control for market creation and fee rates

Positiveopen_in_newSource CodeMay 4, 2026
+15

setExpiryDivisor, setInterestFeeRate, setRewardFeeRate, setTreasury -- admin-controlled

Evidence Chain (2 files)

GitHub APIMay 17, 2026, 06:58 PM
open_in_newGitHub (/)
sha256:4c30c23179ed...
BlackHart AnalysisMay 4, 2026, 10:00 PM
open_in_newGovernance & Upgradeability — Source Code
sha256:d97bb988ad07...

Score History

Automated pipeline dimension update