First-depositor / share-inflation guard
Aave v3's assessment for RD-F-075 — scored green on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
Aave v3's virtual accounting (v3.1+) provides a first-depositor guard at the architectural level: the liquidityIndex virtual offset prevents share inflation attacks regardless of deposit sequence. This is stronger than an ERC-4626 seed deposit or dead-share approach. Seed deposits are additionally required for new market listings via governance payload. The combination provides definitive protection against first-depositor / share-inflation attacks.
Sources #
- GovernanceAave Proposal 132: Virtual AccountingProposal 132 — virtual accounting on-chain activationretrieved 2026-04-27
- Aave V3 Origin — Virtual Accounting (v3.1)aave-dao/aave-v3-origin v3.1 — virtual accounting / liquidityIndex virtual supply offsetretrieved 2026-04-27
Methodology #
Determine whether the vault has a first-depositor guard (seed deposit on deploy, virtual-share offset, or floor-check).
See the full factor methodology and distribution across all protocols →