Admin controlOn-chain governance, behind a timelock
MultisigNone — changes are decided by an on-chain vote
Timelock2 days before changes take effect
Track record
Through market stressCame through all 5UST/Luna collapse (May 2022) — kept 90% of its depositsFTX collapse (Nov 2022) — kept 81% of its depositsUSDC depeg (Mar 2023) — deposits grew 3%August 2024 crash — kept 97% of its depositsOctober 2025 liquidation cascade — kept 64% of its deposits
Exploit history
18 Apr 2020 — Reentrancy at Uniswap V1$220K lost · No reimbursement recorded