BlackHartBlackHart
Scores/Ethena/Provenance/Compositional Risk
D4

Compositional Risk

Protocol-intrinsic composition: external dependencies, cross-contract interactions, and integration surface area.

Weight 5%72% confidence
60
Moderate
info

How This Score Is Built

Protocol-intrinsic composition: external dependencies, cross-contract interactions, and integration surface area.

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

Scoring Tree

BRI Formula
300 + 700 × ∏(Dᵢ/100)^wᵢ
730
Current BRI
D4Compositional Risk
Weight 5%
60
(60/100)^0.05 = 0.9748
Contributing Factors
+20CEX counterparty dependency (Binance, Bybit, OKX, Deribit)
+20Custodian trust assumptions (Copper, Ceffu, Cobo)
+20USDe widely integrated in DeFi (Pendle, Morpho, Aave)
-40Failure cascade: USDe depeg would propagate to all integrators
Evidence Sources
blackhart_analysisMay 4sha256:c18e087f0687....View
blackhart_analysisMay 17sha256:aaf1325f3318....View

Score Composition

-40

Failure cascade: USDe depeg would propagate to all integrators

Negativeopen_in_newSource CodeMay 4, 2026
+20

CEX counterparty dependency (Binance, Bybit, OKX, Deribit)

Positiveopen_in_newSource CodeMay 4, 2026
+20

Custodian trust assumptions (Copper, Ceffu, Cobo)

Positiveopen_in_newSource CodeMay 4, 2026
+20

USDe widely integrated in DeFi (Pendle, Morpho, Aave)

Positiveopen_in_newSource CodeMay 4, 2026

Evidence Chain (2 files)

GitHub APIMay 17, 2026, 06:58 PM
open_in_newGitHub (/)
sha256:aaf1325f3318...
BlackHart AnalysisMay 4, 2026, 08:00 PM
open_in_newCompositional Risk — Source Code
sha256:c18e087f0687...

Score History

No dimension-level score changes recorded yet.

Methodology: 2.1Formula: 1.1Weights: 1.1