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How many DeFi projects still have ‘God Mode’ admin keys? More than you think

The vast majority of DeFi projects still have the ability to enter ‘God Mode’ and unilaterally make changes to pretty much everything. Twelve out of 15 of the most popular decentralized finance protocols still have access to a ‘God Mode’ admin key, according to data on review platform DeFi Watch. These full-access controls allow developers to modify or replace the smart contracts underpinning their projects, including making adjustments to user balances. While admin keys have been justified as a way to protect users’ funds and are often used with security features such as timelocks and multi-sigs, analysts argue this calls…

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