Scores/Midas

Midas

TEMPERED

RWA / Tokenization · Ethereum · $100M+ TVL · 10 contracts

Official site: midas.app ↗

669

3004756508251000

Confidence55%

Z-Factor0.50

Updated 2026-05-27Public score

Security Profile

Access Control
60

Economic Soundness
68

Oracle Integrity
55

Compositional Risk
72

Governance
40

Maturity
25

Resilience
54

Supply Chain
70

Op Security
49

Cascade Exposure
100

Access Ctrl
60

Economic
68

Oracle
55

Compos.
72

Govern.
40

Maturity
25

Resilience
54

Supply Ch.
70

OpSec
49

Cascade
100

Min

Avg

Max

100

Audit History

Quantstamp

2024-02

Bug Bounty Program

$500,000

Max payout on Sherlock

View Program

Assessment

Very new tokenized treasury protocol (14 months). D6 extremely low (25) for minimal maturity. D5 low (40) for fully centralized governance. D3 low (55) due to off-chain oracle dependency. Simple contracts but high centralization risk.

Dimension Breakdown

Methodology

Access Control

Weight 18% · 55% confidence

+20Admin controls minting/burning of tokenized treasury tokens

+20KYC/AML gating on token access

-40Centralized redemption process

+20Whitelist-based access model

Provenance

Economic Soundness

Weight 13% · 60% confidence

+231:1 backing by US Treasuries (custodied off-chain)

+23Redemption mechanism depends on off-chain process

+23Low DeFi economic complexity

-32Peg risk if custody arrangement fails

Provenance

Oracle Integrity

Weight 13% · 52% confidence

+14NAV depends on off-chain treasury valuations

+14Limited on-chain price verification

+14Trust assumption in custodian reporting

+14No real-time on-chain oracle for backing verification

Provenance

Battle-Tested Maturity

Weight 12% · 40% confidence

+12Live since early 2024 (~14 months)

-38Very new tokenized treasury protocol

-38No significant stress events

+12Z-factor: 0.7

Provenance

Governance & Upgradeability

Weight 10% · 55% confidence

-20Centralized company governance

-20No on-chain governance mechanism

-20Team controls all protocol parameters

+40Regulatory compliance drives governance model

Provenance

Adversarial Resilienceredacted

Weight 10% · 95% confidence

Score derived from continuous adversarial security research

Provenance

Operational Security

Weight 10% · 50% confidence

-51No branch protection detected

+10No CI/CD pipeline detected

+10Strong PR review culture (70% reviewed)

+10Minimal development activity (0 commits/month)

Provenance

Compositional Risk

Weight 5% · 65% confidence

+18Limited DeFi composability (restricted tokens)

+18Whitelist model limits composition surface

+18Some DeFi integration for yield access

+18Lower composition risk than open DeFi

Provenance

Cascade Exposure

Weight 5% · 50% confidence

100

+33Member of 2 dependency cluster(s)

+33No cross-protocol cascade exposure detected

+33Source: cross_protocol_composition.json dependency analysis

Provenance

Supply Chain

Weight 4% · 60% confidence

+23Standard ERC-20 token contracts

+23Simple smart contract architecture

+23Low dependency complexity

-30Centralized backend dependencies

Provenance

Top Score Drivers

Dimensions with the greatest marginal impact on BRI.

Battle-Tested Maturity

25+66.7 potential

Very new tokenized treasury protocol

Access Control

60+35.5 potential

Centralized redemption process

Governance & Upgradeability

40+35.4 potential

Regulatory compliance drives governance model

Oracle Integrity

55+29.8 potential

NAV depends on off-chain treasury valuations

Operational Security

49+27.3 potential

No branch protection detected

Adversarial Risk Signals

Publicly verifiable security posture indicators.

Disclosure HistoryNot Assessed

Remediation VelocityNot Assessed

Bug Bounty ProgramNot Assessed

Audit CoverageNot Assessed

Incident HistoryNot Assessed

Deployed 2024-03-0110 dimensionsProvenance Ledger

methodology v2.1formula v1.1weights v1.1evidence sha256:sha256:e...

Score History & Verification

Score provenance tracking begins with the next reassessment.

Full provenance ledger

On-Chain Data

Protocol Slug: "midas"
Oracle: BRORegistry (Base)
Evidence: IPFS (pinned)
Staleness Threshold: 24 hours

Read Score

registry.getScore("midas")

Reduce exploitable risk

Continuous adversarial analysis, vulnerability detection, and verified reassessment.

View Plans Methodology

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