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Scores/Euler V2/Provenance/Governance & Upgradeability
D5

Governance & Upgradeability

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

Weight 10%78% confidence
62
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

Scoring Tree

BRI Formula
300 + 700 × ∏(Dᵢ/100)^wᵢ
757
Current BRI
D5Governance & Upgradeability
Weight 10%
62
(62/100)^0.1 = 0.9533
Contributing Factors
+12Governed vs Ungoverned perspectives (dual model)
+12GenericFactory function_authorities lists 96 governed functions with authority_level and authority_cost
+12Governor has significant config control per vault (setInterestFee, setMaxLiquidationDiscount, etc.)
+12ProtocolConfig has tau_star=0.75 and 1 absorbing violation (admin can modify)
+12DAO governance maturing but team-controlled
Evidence Sources
blackhart_analysisMay 4sha256:258d3c341933....View
blackhart_analysisMay 17sha256:c0e27ce79e71....View

Score Composition

+12

Governed vs Ungoverned perspectives (dual model)

Positiveopen_in_newSource CodeMay 4, 2026
+12

GenericFactory function_authorities lists 96 governed functions with authority_level and authority_cost

Positiveopen_in_newSource CodeMay 4, 2026
+12

Governor has significant config control per vault (setInterestFee, setMaxLiquidationDiscount, etc.)

+12

ProtocolConfig has tau_star=0.75 and 1 absorbing violation (admin can modify)

Positiveopen_in_newSource CodeMay 4, 2026
+12

DAO governance maturing but team-controlled

Positiveopen_in_newSource CodeMay 4, 2026

Evidence Chain (2 files)

GitHub APIMay 17, 2026, 06:58 PM
open_in_newGitHub (/)
sha256:c0e27ce79e71...
BlackHart AnalysisMay 4, 2026, 10:30 PM
open_in_newGovernance & Upgradeability — Source Code
sha256:258d3c341933...

Score History

No dimension-level score changes recorded yet.

Methodology: 2.1Formula: 1.1Weights: 1.1