First-depositor / share-inflation guard
Symbiotic'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 #
No ERC-4626 first-depositor scenario applies. DefaultCollateral has a deposit limit (cap) enforced at the ERC-20 transfer level, not a share-price mechanism susceptible to inflation. Vaults hold collateral principal (not compounding interest), removing the first-depositor inflation incentive. No lending market borrow-side to exploit via inflated share price. Taxonomy PD-024 lending-only; protocol-type mismatch with share-inflation pattern.
Sources #
- GitHubSymbiotic Collateral GitHub Repositorysymbioticfi/collateral — DefaultCollateral.sol uses limit parameter for deposit cap enforcement; no share-price exchange-rate mechanismretrieved 2026-05-16
- Understanding Symbiotic Vaults — Symbiotic BlogSymbiotic blog: vault share mechanics — delegation primitive, not yield-compounding vaultretrieved 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 →