TVL concentration (top-10 wallet share)
Stake DAO's assessment for RD-F-064 — scored gray on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
On-chain wallet-level deposit concentration for Stake DAO strategy vaults and liquid lockers is not accessible without a dedicated subgraph query or Dune dashboard. Dune queries are blocked (403 per process-learnings). Etherscan shows 501 sdCRV token holders, but this measures token holder distribution not vault depositor concentration. Ethereum holds 93.3% of total TVL by chain, which is chain concentration (structural — primary chain hosting all core contracts), not wallet concentration. No deposit concentration figure can be produced without programmatic tooling.
Sources #
- EtherscansdCRV Token Tracker — EtherscansdCRV token holders: 501 addresses — proxy only for token distribution, not vault depositor concentrationretrieved 2026-05-16
- Stake DAO TVL by Chain — DefiLlamaChain TVL breakdown: Ethereum $149.47M (93.3%), Base $6.88M, Arbitrum $1.67M — chain concentration, not wallet concentrationretrieved 2026-05-16
Methodology #
Compute the percentage of protocol TVL held in the top-10 depositor addresses.
See the full factor methodology and distribution across all protocols →