Philidor Docs
Risk Framework

Governance Controls (20%)

Governance reaction-window scoring (20%) based on immutability, timelocks, and depositor exit conditions.

Governance measures the depositor's reaction window: if protocol parameters change adversely, how much time exists to exit?

This vector is weighted at 20% because governance risk is partially depositor-mitigable (timelocks create response time), unlike core asset/platform risk.

Scoring Bands

ConfigurationScore
Immutable contracts10
Timelock >= 7 days9
Timelock >= 3 days8
Timelock >= 48 hours7
Timelock >= 24 hours6
Timelock >= 6 hours4
Timelock < 6 hours2
No timelock / EOA admin1
Unknown (data unavailable)5

How To Interpret

The score reflects the depositor's ability to react to adverse parameter changes:

  • Immutable (10): No parameters can change. The code is the final word.
  • Long timelock (8-9): Changes are announced days in advance. Depositors can monitor and exit.
  • Short timelock (4-7): Some reaction time, but requires active monitoring.
  • No timelock (1-2): Admin can change parameters instantly. Depositors have no warning.

v4.1 Context

  • Governance remains an active 20% component of the composite score.
  • Governance strength does not bypass asset-level hard caps, review caps, or fail-safe constraints.
  • If fail-safe mode is fail_closed, risk output is withheld regardless of governance score.

Current Limitations

This vector does not yet fully differentiate:

  • signer quality nuances (for example, high-quality multisig vs weak multisig)
  • DAO quorum/liveness guarantees
  • governance token concentration dynamics
  • emergency controls quality beyond basic pausability signals

Thresholds

Key governance-related constants used in scoring:

ThresholdValue
Safe timelock>= 7 days (604,800 seconds)
Moderate timelock>= 2 days (172,800 seconds)

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