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Every protocol here carries a dated score and the share of it backed by independently verified evidence. Where that share is still thin the assessment says so, is marked Low-signal rather than given a risk band, and holds every unevidenced category at the neutral midpoint instead of assuming it safe. Every score and its reasoning are free to read; the underlying dependency, incident and audit records are part of a plan. How a score is built, how to read one, and how the rubric was tested against real exploits are all in the methodology.

Coverage grows three ways: protocols Foreshock selects at its own discretion, protocols requested through the Request coverage button, and sponsored assessments delivered on an agreed timeline. No path has a guaranteed date except sponsorship.

Scores run from 0, the safest reading, to 100, the riskiest, where 50 is the neutral midpoint every unverified category is held at. Red marks a protocol scoring 50 or above, the band called Elevated: worse than neutral on the evidence gathered. Amber marks one below it, called Moderate. The boundary is fixed. It does not move as coverage grows, and it is not fitted to any backtest result.

Frax Ether

Frax Ether official site N/A

Multi-Chain

:

  • Evidence: this reading is based on 100% of the scored weight, verified against named sources. Categories without verified data are excluded from the reading, never counted as safe.
  • Validation: measured against 2 comparable incidents/controls in this protocol's TVL, age and category bucket.
Score by categories
Audit profile10.1

3 audits/contests on record, most recent (Frax Security Cartel (Frax's own named audit-partner branding, not an independent third-party firm), 2024-03-01) has unread findings, scored as unknown, not assumed clean.

Governance attack surface7.6

Top 10 holders control 82.94%, adjusted figure may still include pooled custody (untagged exchanges, infrastructure contracts) due to tagging coverage limits; exclusions require positive identification.

TVL profile5.6

TVL is 80% below this protocol's own peak; TVL change (33%) is within a stable range.

Dependency risk3.8

No bridge or oracle dependencies on record (Frax Ether's own frxETHMinter.sol source imports the canonical Ethereum deposit contract (IDepositContract) and an internal OperatorRegistry, but no Chainlink/AggregatorV3Interface or any price-feed import -- confirmed by reading the contract's own import list. Frax's own docs: 'When ETH is sent to the frxETHMinter, an equivalent amount of frxETH is minted' -- a fixed 1:1 mint/redeem mechanism, not price-oracle-derived. Frax Ether is a validator/staking product with minimal external price-oracle dependency; its main external dependency is the Ethereum protocol's own deposit contract, not a third-party DeFi protocol or bridge.), composable with 1 other protocol.

Code characteristics3.1

Admin key: 48h timelock in place, open source.

Historical incidents2.3

No known own or inherited incidents.

Protocol age1.5

1411 days live, past the ~1yr floor; treated the same as any older protocol, not scored progressively safer with more age.

Team factors1.0

Doxxed team, track record: strong.

Bug bounty1.0

Has a bug bounty program, up to $10 000 000.

Assets held (2)

Available with a plan. See pricing.

Dependencies (2)

Available with a plan. See pricing.

Incident history (0)

Available with a plan. See pricing.

Audit history (3)

Available with a plan. See pricing.

This assessment follows Foreshock's published methodology. Exact category weights, scoring rules, thresholds, and aggregation logic are proprietary and not shown here. How to interpret this assessment