BlackHartBlackHart
Scores/Raydium/Provenance/Governance & Upgradeability
D5

Governance & Upgradeability

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

Weight 10%79% confidence
82
Strong
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
787
Current BRI
D5Governance & Upgradeability
Weight 10%
82
(82/100)^0.1 = 0.9804
Contributing Factors
+27Limited governance decentralization
+27Team controls major parameters
+27RAY token governance limited
-18No meaningful timelock
Evidence Sources
blackhart_analysisMay 6sha256:278632fa54f3....View
blackhart_analysisMay 17sha256:7836c7233b3a....View

Score Composition

-18

No meaningful timelock

Negativeopen_in_newSource CodeMay 6, 2026
+27

Limited governance decentralization

Positiveopen_in_newSource CodeMay 6, 2026
+27

Team controls major parameters

Positiveopen_in_newSource CodeMay 6, 2026
+27

RAY token governance limited

Positiveopen_in_newSource CodeMay 6, 2026

Evidence Chain (2 files)

GitHub APIMay 17, 2026, 06:58 PM
open_in_newGitHub (/)
sha256:7836c7233b3a...
BlackHart AnalysisMay 6, 2026, 02:02 PM
open_in_newGovernance & Upgradeability — Source Code
sha256:278632fa54f3...

Score History

No dimension-level score changes recorded yet.

Methodology: 2.1Formula: 1.1Weights: 1.1