Seed-deposit requirement for new market listing
crvUSD (Curve Stablecoin)'s assessment for RD-F-071 — scored green on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
crvUSD CDP markets are created only via Curve DAO governance (Aragon Ownership vote: 7-day, 51% support, 30% quorum) — no permissionless market creation. ControllerFactory admin controls market addition. Individual borrowers face a `min_collateral(debt, N)` requirement (minimum collateral enforced per loan). Per-position tracking (not share tokens) means the first-depositor inflation attack vector is structurally absent regardless of seed deposit. Governance gate effectively functions as market-listing protection against empty-market risk.
Sources #
- EtherscancrvUSD Controller WETH — Read Contract (min_collateral function)crvUSD Controller 0xa920de414ea4ab66b97da1bfe9e6eca7d4219635 — min_collateral() function in ABIretrieved 2026-05-16
- Curve DAO Voting — Curve ReadthedocsCurve DAO voting parameters — 7-day vote, 51% support, 30% quorumretrieved 2026-05-16
- crvUSD ControllerFactory — EtherscanControllerFactory 0xC9332fdCB1C491Dcc683bAe86Fe3cb70360738BC — admin-controlled market additionretrieved 2026-05-16
Methodology #
Determine whether market-listing governance or code requires a minimum seed deposit before borrow-enabling a new market.
See the full factor methodology and distribution across all protocols →