Upgrades controlled byMultisig, behind a timelock0xb72d…349F
Multisig6 of 8 signers must approveWhat they approve then waits in the timelockSafe 0xB351…493D
Timelock2 days before changes take effect
Track record
Through market stressCame through all 3USDC depeg (Mar 2023) — deposits grew 2%August 2024 crash — kept 99% of its depositsOctober 2025 liquidation cascade — kept 72% of its deposits