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
Scoring Tree
BRI Formula
300 + 700 × ∏(Dᵢ/100)^wᵢ
730
Current BRI
D5Governance & Upgradeability
Weight 10%
40
(40/100)^0.1 = 0.9124
Contributing Factors
+40Mitigating: publicly-traded with SEC reporting obligations
-20Single corporate entity (NASDAQ:COIN) controls ALL admin functions
-20No on-chain governance, no DAO, no token voting, no timelock
-20Any upgrade can be executed instantly
Score Composition
-20
Single corporate entity (NASDAQ:COIN) controls ALL admin functions
-20
No on-chain governance, no DAO, no token voting, no timelock
-20
Any upgrade can be executed instantly
+40
Mitigating: publicly-traded with SEC reporting obligations
Evidence Chain (2 files)
GitHub APIMay 17, 2026, 06:58 PM
open_in_newGitHub (/)sha256:65bca85fe271...
BlackHart AnalysisMay 4, 2026, 02:00 PM
open_in_newGovernance & Upgradeability — Source Codesha256:7c7844977487...
Score History
No dimension-level score changes recorded yet.
Methodology: 2.1Formula: 1.1Weights: 1.1