First-depositor / share-inflation guard
Falcon Finance'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 #
First-depositor guard not confirmed. Zellic audit flagged 'StakedUSDf initialization may fail' (Medium) indicating initialization-state sensitivity. No seed deposit, virtual-share offset, or minimum-share-floor documented in public docs or audit findings. Code-security-analyst must read sUSDf impl source to confirm guard presence or absence.
Detail #
Zellic audit (Feb–Mar 2025, 0C/0H/1M/1L/4I): Medium finding on StakedUSDf initialization. Pashov audit (Feb 2025): 0C/0H findings but scope may not have separately assessed first-depositor patterns. No public GitHub for source review outside Etherscan. Restaking docs describe fixed-term lock NFT model — not a standard ERC-4626 first-depositor pattern.
Sources #
- URLPashov Audit Group — Falcon Finance Security Review 2025-02-17 (0C/0H findings)https://files.gitbook.com/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FmRfqjzWAD6asMoqA8yG5%2Fuploads%2FM3kB8g0TJ84fBjjTO0uU%2FFalcon-security-review_2025-02-17%20(1).pdf?alt=media&token=04aabf8d-f7f0-459d-b8d8-5dc8db4c521dretrieved 2026-05-12
- Zellic Audit — Falcon Finance USDf/sUSDf (1 Medium: StakedUSDf initialization may fail)https://reports.zellic.io/publications/falcon-financeretrieved 2026-05-12
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 →