Earlier this month, the RWG completed a comprehensive assessment of Open Eden’s USDO for potential FiRM integration. After extensive analysis spanning protocol architecture, governance structure, operational mechanics, and competitive positioning, we recommend against listing USDO-based collateral in its current state due to fundamental conflicts between the protocol’s centralized administrative structure and FiRM’s commitment to permissionless, censorship-resistant lending markets.
Each risk vector is detailed extensively in the full assessment with supporting analysis and specific security concerns.
Complete Risk Assessment linked here.