First-depositor / share-inflation guard
Jupiter Perpetual Exchange's assessment for RD-F-075 — scored not_applicable on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
Lending-only factor per PD-024. First-depositor / share-inflation guard applies to EVM vaults (ERC-4626, cToken-style) where an early depositor can manipulate the share price by donating tokens to an empty vault. JLP uses AUM/supply share pricing on Solana where the Perps BPF program controls token issuance — the mint authority is the program PDA, not an open call. No first-depositor share-inflation attack surface exists in this architecture.
Sources #
- Internal03-taxonomy.md Category 4 PD-024 resolutionrisk-dashboard/research/outputs/03-taxonomy.md — PD-024 resolution: RD-F-075 lending-only / share-vault-specificretrieved 2026-05-16
- 00-profile.md jupiter-perps §3 Deploymentsrisk-dashboard/.research/protocols/jupiter-perps/00-profile.md — §3 Deployments: JLP pool account and Perps BPF program control mint authorityretrieved 2026-05-16
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 →