ERC-4626 virtual-share offset (OZ ≥4.9)
Liquid Collective (LsETH)'s assessment for RD-F-074 — scored not_applicable on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
LsETH is not an ERC-4626 vault. River implements a custom cToken-style exchange rate formula (conversionRate = totalETHSupply / totalLsETHSupply) and does not expose the ERC-4626 convertToShares/convertToAssets interface. No virtual-share offset pattern is present or applicable. OpenZeppelin libraries are used for proxy pattern only (TransparentUpgradeableProxy), not for ERC-4626. Per PD-024, lending-only / ERC-4626-specific factors are not_applicable for non-ERC-4626 LST protocols.
Sources #
- DocsLiquid Collective — LsETH tokenomics (exchange rate formula)LsETH tokenomics: conversionRate = totalETHSupply / totalLsETHSupply; non-rebasing exchange rate model; no ERC-4626 interface mentionedretrieved 2026-05-17
Methodology #
Determine whether ERC-4626 vaults use OpenZeppelin ≥4.9 virtual-share offset pattern to prevent first-depositor share-inflation.
See the full factor methodology and distribution across all protocols →