With the end of May, we have conducted the monthly update to protocol Ease Risk ratings. Below is the summary of notable changes, or lack thereof. For the full Ease Risk Rubric, consult the knowledgebase article.
1. GMX added to AAA pool
We did a reevaluation of the audit score that GMX possessed in our risk rubric and found it to be underrated compared to other protocols with a similarly extensive list of audits. In adjusting that rating, GMX went from 67 to 70. It has been added to our AAA pool with an initial weight of 25%. Due to GMX’s popularity for coverage buys, we intend to scale up the weight over time.
2. No changes to score due to Time-Weighted TVL
Every month we update our TW-TVL stats for each rated protocol, if certain thresholds are met this will lead to a score increase for protocols. No changes of note with this month.
3. No changes due to Adverse events
Luckily May was quiet for any notable hacks or exploits that affected any of the rated protocols.
See you next month!