First-depositor / share-inflation guard
Stake DAO'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 #
Per PD-024, first-depositor guard is a lending-specific factor. Strategy vaults are yield-aggregation products, not lending markets. No first-depositor inflation attack vector exists in the liquid locker architecture (deposits lock into external veToken contracts, not into share-based pool accounting). LlamaRisk risk assessment did not identify first-depositor risk in the locker architecture. Scored not_applicable consistent with protocol-type classification.
Sources #
- DocsLiquid Lockers — Stake DAO DocsLiquid locker architecture: deposits lock into Curve VotingEscrow (external contract, permanent lock), not into a share-pool with inflation-susceptible accounting. No lending market surface.retrieved 2026-05-16
- Asset Risk Assessment: Liquid Lockers & veSDT — LlamaRiskLlamaRisk asset-risk assessment — smart contract risks enumerated: infinite mints via setSdTokenOperator, arbitrary code execution via multisig; first-depositor inflation not flaggedretrieved 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 →