First-depositor / share-inflation guard
Centrifuge's assessment for RD-F-075 — scored gray on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
No explicit first-depositor guard (seed deposit or virtual-share offset) identifiable in V2 codebase. However, the epoch model and permissioned NAV pricing provide architectural mitigation: (1) all investors are KYC-gated/whitelisted, (2) share price is set by permissioned hub oracle not by deposit size, (3) new pools require governance approval with professional issuers seeding pools operationally. Practical share-inflation risk is very low despite absent on-chain guard.
Sources #
- GitHub
- https://docs.centrifuge.io/developer/protocol/guides/create-a-pool/retrieved 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 →