{"schema_version":2,"updated":"2026-10-19T17:04:15.800Z","license":"https://creativecommons.org/licenses/by/4.0/","cite_as":"Own Your Mind, \"Decentralised AI Freedom and Returns score dataset\", https://ownyourmind.ai/integrity/","attribution":"Own Your Mind (ownyourmind.ai). Link the specific project review when citing a single project.","integrity_notice":{"summary":"Each integrity record carries its own record_type, verdict and assessment_level. A 'claim' record quotes the project's own published statement; a 'reported' value is that claim, not a verified fact, unless verdict is 'match'. A 'finding' record is our own measurement and grades no one's claim. assessment_level 'not-assessed' means unchecked, never clean. Findings are dated snapshots, not a live feed.","verdicts":{"match":"verified against independent data","inflated":"reported higher than independent data shows","understated":"reported lower than independent data shows","outdated":"was accurate when reported; on-chain reality has since moved","established":"our own independent measurement; there is no project claim to grade","unverified":"independently checkable, not yet checked","unverifiable":"checked, could not independently confirm"},"record_types":{"claim":"the project's own published statement, quoted verbatim, graded against independent data","finding":"our own measurement for a score dimension; no claimant and never a verdict on a claim"},"methodology":"https://ownyourmind.ai/resources/integrity-checks/"},"slug":"render","markdown":"https://ownyourmind.ai/projects/render.md","title":"Render Network","token":"RENDER","category":"compute","freedomScore":3.3,"returnsScore":6.9,"freedomGrade":"F","returnsGrade":"C","url":"https://ownyourmind.ai/projects/render/","integrity":{"assessment_level":"onchain-reconciled","last_assessed":"2026-09-24","emission_honesty":null,"reconciliations":[{"metric":"total_supply","assessment_level":"onchain-reconciled","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"RENDER's cross-chain supply is the Ethereum ERC-20 total plus the Solana mint, less the RNDR locked in the Wormhole bridge, computed from three live reads.","independent":{"value":"~567,664,265 RENDER cross-chain total (auto-computed: ERC-20 total + Solana SPL - Wormhole bridge lock)","source":"wired `cross_chain_total_supply` computed anchor (meta.data_sources): Ethereum ERC-20 0x6De0...eb24 total (Blockscout) + Solana SPL getTokenSupply (rndriz...HBof) - RNDR locked in the Wormhole TokenBridge (eth_call balanceOf 0x3ee1...a585)"},"assessed_date":"2026-09-24","severity":"info"},{"metric":"supply_mint_mechanics","assessment_level":"onchain-reconciled","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"RENDER is minted by a program under Burn-Mint Equilibrium, so supply is emission-driven rather than a fixed cap.","independent":{"value":"The canonical Solana RENDER SPL mint (rndrizKT3MK1iimdxRdWabcF7Zg7AR5T4nud4EkHBof, 8 decimals) read 484,352,722.34 RENDER on-chain on 2026-08-12. Its mintAuthority is set to a program-controlled PDA (owner program circiqFCstNzaFBji1udQ6txgQBrn29pVSYHNJQo3wZ), so new RENDER is minted programmatically and supply follows emissions rather than a fixed cap.","source":"Solana getTokenSupply + getAccountInfo (mintAuthority + owner program) on the RENDER SPL mint, read 2026-08-12; cross-read vs the existing computed cross-chain total anchor"},"assessed_date":"2026-09-24","severity":"info"},{"metric":"token_admin_surface","assessment_level":"onchain-reconciled","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"The RENDER mint carries a live freeze authority, and both programs behind its freeze and mint authorities are upgradeable by one Squads multisig with no timelock.","independent":{"value":"The RENDER SPL mint has freezeAuthority set to a PDA of program distZXJ5FYrPhjBhB5P2BQ9B2AsPzJ4TcUSz6hKssP1 and mintAuthority set to a PDA of program circiqFCstNzaFBji1udQ6txgQBrn29pVSYHNJQo3wZ, so the token carries a live freeze lever. Both programs are upgradeable (BPFLoaderUpgradeable, upgrade authority present, not frozen) and both name the same upgrade authority, 7CVt936gVDXfKeXdRs5xcWVkrEaYGMTV3HA2K7j4Bqa7. That authority is a Squads multisig vault: System-Program-owned with no data, but off-curve, so no private key can exist for it; Solscan labels it 'Squad Vault \"render\"' and its history is vaultTransactionExecute calls. Replacing either program needs the multisig's threshold, with no timelock. This is the only one of the four assessed Solana natives (NOS/GRASS/AI16Z/RENDER) with a live freeze authority.","source":"Solana getAccountInfo on the RENDER SPL mint (freeze/mint authority + owner program), then getAccountInfo on each owner program -> programData upgrade authority, then account-shape classification of that authority. Read 2026-08-13."},"assessed_date":"2026-09-24","severity":"info"},{"metric":"open_source_footprint","assessment_level":"onchain-reconciled","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"Render's public GitHub holds governance proposals and plugins; the core rendering engine, OTOY's Octane, is proprietary and cannot be audited.","independent":{"value":"Re-read 2026-09-18 through the GitHub API: 4 non-fork public repositories in github.com/rendernetwork (4 public in total, 0 of them forks), 4 with no licence file and 2 not pushed in 180 days. Largely CLOSED. The github.com/rendernetwork org has only 4 public repositories, and they are governance/tooling (RNPs = Render Network Proposals, a Cinema4D plugin, an advent ToS), not the rendering engine. The core render engine is OTOY's proprietary Octane software, which is not public. So the value-producing code cannot be independently audited.","source":"GitHub REST API (orgs/rendernetwork/repos), re-read 2026-09-18"},"assessed_date":"2026-09-24","severity":"info"},{"metric":"governance_execution_authority","assessment_level":"onchain-reconciled","record_type":"claim","verdict":"match","claim_holds_up":true,"claim":{"quote":"Upon approval, RNPs shall be incorporated into the Render Network's development roadmap and implemented by core Render Network contributors.","source_url":"https://know.rendernetwork.com/about-render-network-governance/render-network-proposal-rnp-system","archive_url":null,"date":null},"reported":{"value":"Approved RNPs are implemented by core Render Network contributors","source":"Render Network Knowledge Base, RNP system page","self_reported":null},"independent":{"value":"The vote is real and the execution layer is a multisig with no timelock. The two programs holding RENDER's mint and freeze authority are both upgradeable and both name the same upgrade authority (7CVt936gVDXfKeXdRs5xcWVkrEaYGMTV3HA2K7j4Bqa7), which is a Squads multisig vault: System-Program-owned and dataless, but OFF-CURVE, so no single private key controls it (Solscan: 'Squad Vault \"render\"', #Squad Vault; history is vaultTransactionExecute). There is no on-chain delay between a decision and a change. Render's own framing is consistent with this: they say core contributors implement, not that execution is trustless. What is absent is any disclosure of who holds the multisig, its threshold, or the controls around it, so the gap is between a documented community vote and an undocumented execution key set.","source":"Solana getAccountInfo (programData upgrade authority) on circiqFC... and distZXJ5..., read 2026-08-13"},"assessed_date":"2026-09-24","severity":"info"},{"metric":"solana_spl_supply","assessment_level":"onchain-reconciled","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"Most RENDER supply now sits on the canonical Solana SPL mint, read live on each refresh.","independent":{"value":"484,343,683 RENDER on the canonical Solana SPL mint.","source":"Solana RPC getTokenSupply on the canonical RENDER mint"},"assessed_date":"2026-09-24","severity":"info"},{"metric":"emission_perpetuity","assessment_level":"onchain-reconciled","record_type":"claim","verdict":"unverified","claim_holds_up":false,"claim":{"quote":"Perpetual Emissions: Under the Burn-and-Mint Equilibrium, outflows must continue in some capacity indefinitely in order to reward network activity. The schedule must be designed such that there is no end to emissions","source_url":"https://github.com/rendernetwork/RNPs/blob/main/RNP-001.md","archive_url":null,"date":null},"reported":{"value":"Emissions must continue indefinitely, with no end to the schedule (RNP-001 design requirement)","source":"Render RNP-001, Burn-and-Mint Equilibrium (governance proposal, approved)","self_reported":null},"independent":{"value":"The DEPLOYED EmissionScheduleV0 on Render's emission_distributor programme carries six steps and the last sets emissions to 0 per epoch from 2028-12-01, stepping down through 380,284/epoch (from 2026-12-01) and 335,544/epoch (from 2027-12-01) first. As deployed, emissions end.","source":"Solana programme distZXJ5FYrPhjBhB5P2BQ9B2AsPzJ4TcUSz6hKssP1, account EmissionScheduleV0"},"assessed_date":"2026-09-24","severity":"medium"},{"metric":"emission_run_rate","assessment_level":"onchain-reconciled","record_type":"claim","verdict":"match","claim_holds_up":true,"claim":{"quote":"In RNP-006 the community passed an Emissions Schedule for Year 1 allocating 9,126,804 RENDER to aid the network.","source_url":"https://know.rendernetwork.com/basics/burn-mint-equilibrium","archive_url":null,"date":null},"reported":{"value":"9,126,804 RENDER for the Year 1 emission schedule (RNP-006)","source":"Render Network Knowledge Base, Burn Mint Equilibrium page","self_reported":null},"independent":{"value":"The schedule figures reconcile exactly against the deployed contract: 12 epochs x 760,567 = 9.13M for Year 1 and 12 x 492,132 = 5.91M for Year 2, at a 30-day epoch. The receipts also show a second burn-rewards mint alongside the schedule (190,141.75/epoch to epoch 14, then 60,000/epoch), so total issuance is ~6.72M a year, and 23,248,298.50 RENDER has been minted across 32 epochs since 2023-11-19.","source":"Solana programme distZXJ5FYrPhjBhB5P2BQ9B2AsPzJ4TcUSz6hKssP1, 32 EmissionScheduleReceiptV0 accounts"},"assessed_date":"2026-09-24","severity":"info"},{"metric":"operator_approval_surface","assessment_level":"onchain-reconciled","record_type":"claim","verdict":"unverifiable","claim_holds_up":false,"claim":{"quote":"To join the network as a node operator, complete the Render Network Interest Form and you will be added to the on-boarding queue.","source_url":"https://know.rendernetwork.com/general-render-network/what-role-am-i/how-to-get-started-1","archive_url":null,"date":null},"reported":{"value":"Operators join through an interest form and an on-boarding queue run by the Render Network Team","source":"Render Network Knowledge Base, How to get started as a Node Operator","self_reported":null},"independent":{"value":"No on-chain artefact exists. Both of Render's non-token Solana programmes were enumerated exhaustively (45 accounts): 32 per-epoch emission receipts, 1 emission schedule, 1 emission distributor, 4 mint circuit breakers, 5 account circuit breakers, 3 Anchor IDL accounts. Zero operator or node-registry accounts. Network::NodeOperators exists only as an emission-distribution bucket, not as a set of operators.","source":"Exhaustive getProgramAccounts over circiqFCstNzaFBji1udQ6txgQBrn29pVSYHNJQo3wZ and distZXJ5FYrPhjBhB5P2BQ9B2AsPzJ4TcUSz6hKssP1"},"assessed_date":"2026-09-24","severity":"medium"},{"metric":"mint_rate_limit","assessment_level":"onchain-reconciled","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"The only on-chain bound on RENDER minting is a circuit breaker whose daily ceiling sits far above actual issuance, and the multisig it bounds can reconfigure it.","independent":{"value":"The only on-chain bound on the mint authority is a windowed circuit breaker: MintWindowedCircuitBreakerV0 for the RENDER mint carries an Absolute threshold of 24,000,000 RENDER per 86,400-second window. Actual issuance is 552,132 RENDER per 30-day epoch (492,132 schedule + 60,000 burn rewards), about 6.72M a year, so the daily ceiling is roughly 43x a whole epoch and 3.6x a whole year of issuance. Its authority is the same Squads vault (7CVt936gVDXfKeXdRs5xcWVkrEaYGMTV3HA2K7j4Bqa7) that can upgrade the owning programme, so the breaker can also be reconfigured.","source":"Solana circuit_breaker programme circiqFCstNzaFBji1udQ6txgQBrn29pVSYHNJQo3wZ, MintWindowedCircuitBreakerV0 account whose mint field equals the RENDER mint; run 2026-09-06"},"assessed_date":"2026-09-24","severity":"medium"},{"metric":"liquidity_depth","assessment_level":"onchain-reconciled","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"RENDER trades on a wide set of venues, including Binance, Coinbase, Kraken and OKX, with Solana DEX depth on Raydium, Orca and Meteora.","independent":{"value":"All four confirm and the breadth is far wider than the claim: 140 tickers on 88 venues, second only to NEAR in our corpus, with Solana depth on Raydium CLMM, Orca and Meteora as stated. Reported 24h volume is $38.19M at a 4.42% 7-day median turnover. The book is not led by the majors: BitDelta tops it at 21.5% and Binance is second at 12.3%.","source":"CoinGecko tickers (paginated) + turnover from src/data/turnover.json, read 2026-09-06"},"assessed_date":"2026-09-24","severity":"low"},{"metric":"holder_concentration","assessment_level":"onchain-reconciled","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"The top ten RENDER holders on Solana hold under half the SPL supply, with more than a fifth of supply in two multisig vaults.","independent":{"value":"The top ten hold 48.53% of the Solana SPL supply, the lowest of the four measured, with 22.05% in two off-curve Squads-style vaults (16.89% and 5.16%) and 2.01% held by a PDA of the circuit-breaker programme that also gates minting. The rest is keypair wallets, one of which is Binance's Solana hot wallet at 4.54%. That last point is the basis caveat made concrete: on the EVM path exchange custody is excluded from the rated figure and here it cannot be identified automatically, so it is counted.","source":"Solana JSON-RPC getTokenLargestAccounts with owners resolved via getMultipleAccounts and classified by ed25519 curve membership and owning program (scripts/refresh-solana-holders.ts), read 2026-09-06"},"assessed_date":"2026-09-24","severity":"low"},{"metric":"protocol_revenue","assessment_level":"onchain-reconciled","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"Burns paying for rendering work are a small fraction of RENDER issuance: emissions outrun job-payment burns by roughly thirteen times.","independent":{"value":"Measured in tokens, the BME wallet has burned 1,854,004.87 RENDER across 75,418 events from 2024-01-08 to 2026-09-21, against 23,800,430.5 RENDER minted across 33 epochs from 2023-11-19 to 2026-08-23. Emissions therefore outrun job-payment burns by roughly thirteen times over comparable windows, and the entire 32-month burn stream is about 3.4 epochs of current issuance at 552,132 RENDER an epoch. Every burn on the mint totals 122.6M RENDER, but 120,767,365.58 of that is a single unattributed address burning in nine chunks between 14 July and 28 August 2024, which is not job payments, and a third stream from a different address began on 2026-07-01. DeFiLlama's render-network-bme adapter reports $3,039,417.82 all-time by reading SPL burns from the one BME wallet, valuing each day's burn at that day's price and dividing by 0.95 to model the off-chain 5% OTOY fee.","source":"api.llama.fi/overview/fees for slug `render-network-bme` and its adapter source at raw.githubusercontent.com/DefiLlama/dimension-adapters/master/fees/render-network.ts; our own scripts/refresh-render-burns.py (Dune tokens_solana.transfers, burns grouped by burning owner) and scripts/refresh-render-emissions.ts for the mint side, read 2026-09-21"},"assessed_date":"2026-09-24","severity":"medium"}],"facts":[{"metric":"revenue","assessment_level":"onchain-reconciled","kind":"limit","flag":"unmeasurable","positive_control":false,"severity":"medium","detail":"Revenue is not disclosed; a previously-asserted ~$1M (burn-derived) figure and 696x P/Revenue ratio were a fabrication, removed May 2026 and now guarded by check-revenue-consistency. No revenue figure may be asserted.","assessed_date":"2026-06-08"},{"metric":"encrypted_transport","assessment_level":"onchain-reconciled","kind":"limit","flag":"unmeasurable","positive_control":false,"severity":"low","detail":"Encrypted transport for creator assets is claimed but not independently verified.","assessed_date":"2026-06-08"}]}}