Token Sets

Token Sets' protocol is upgradeable via a 2-of-3 multisig contract with no timelock. Token Sets claims to use Ledger hardware wallets to secure the signing keys.

Is the security of user funds dependent on opsec of admin key?

Yes ⚠️

Current Admin Key Config

Timelock: None ⚠️ Multisig: 2-of-3

Claimed Admin Key OpSec

"Ledger hardware wallets"

Verified Admin Key OpSec

Unverifiable ⚠️

Admin Key Address

https://etherscan.io/address/0xf8523c551763fe4261a28313015267f163de7541

More Info & Documentation

Token Sets Whitepaper (see Section 10) Trail of Bits Audit Report (see page 32)