Early-stage security check — honeypot & rug-pull analysis
The IndexVault is a complex vault implementation using EIP-1167 minimal clones.
Read the full analysisEach factor is an on-chain fact recorded at the time of this analysis. The score is computed from them by a deterministic function, so the same contract returns the same score for anyone who runs the audit. How scores are computed
Share held by contracts — treasury, vesting, bridge or staking — is discounted against share held by wallets when the score is computed: a contract cannot decide to sell the way an anonymous holder can, though it can still be drained or voted to sell. Effective concentration is the figure the risk score is actually calculated from.
Holder balances as recorded by the audit of Oct 28, 2026
The risk score reads depth across every pair.
The LP tokens of the analysed pool are not locked or burned, so whoever holds them can withdraw that liquidity.
0xce37…7d930xa10d…d023The redeem function allows a privileged address to modify the balances of any user. This could theoretically be used to burn or move tokens out of user wallets without their direct consent.
Implement strict access control or multi-signature requirements for the redeem function to prevent unauthorized balance changes.
Unresolved
The 'hook' address can call closeMint to increase the total supply of vault tokens. This action can dilute the value of existing holdings if not managed correctly.
Restrict the hook's ability to mint tokens to strictly defined parameters or implement a timelock on minting operations.
Unresolved
The 'hook' address has the authority to change transfer fees via the closeMint and closeSell functions, potentially impacting user costs unexpectedly.
Set a hard cap on the maximum fee that can be set by the hook to protect users from excessive charges.
Unresolved
0.0% of the pool's LP is burned or time-locked. 100.0% is held, unlocked, by 2 address(es) other than the owner/deployer. One of them — a contract, 0xce37…7d93 — holds 85.8% and can remove that share at once; who controls it is not visible on-chain, so it is not treated as an independent provider. Some pools are concentrated-liquidity (V3/V4) positions; shares above are by position as GoPlus reports them. This assessment covers the main pool, which holds 48% of the token's DEX liquidity; the other pools were not assessed.
Check the lock's end date and beneficiary on the locker's own page before relying on it.
Acknowledged
The ten largest holders own 56.8% of supply. Of that, 24.7% in DEX pools — not holders that can sell, so excluded from the concentration score. What remains: 11.8% in wallets, 20.4% in other contracts. 141 holders in total.
Watch the largest wallets that are not exchanges, pools or locks — those are the ones that can move the price.
Acknowledged
141 holders. Not listed by CoinGecko or any exchange GoPlus tracks. Nothing independent confirms who is behind this token, so every power its contract grants is scored at face value.
Match the contract address against the project's official channels before trading.
Acknowledged
Liquidity $36K (DexScreener, all pools). 24h trading volume $89K (DexScreener, all pools).
Size any position to the liquidity and daily volume shown — they set how much you can sell and at what price.
Acknowledged
A token issued by a project for use, governance or fundraising. Scored on its contract and market facts. The class itself adds no points; the contract and market facts decide the score. Basis: no class-specific evidence. Tokenomics — Supply: mintable with no on-chain cap found. Control: an owner that could not be resolved. Code: not upgradeable (no proxy). Fees: no buy or sell tax. Market: $36K of DEX liquidity across 6 pools. Launch: under a day of market history.
Check the project's own documentation for what the token is used for; this report covers what the contract allows.
Acknowledged
The token's oldest DEX pool is less than a day old. Age is not part of the risk score — a new token is not a risky one by default — but a short history means fewer trades and holder changes behind the facts in this report.
Re-check ownership, liquidity and holder distribution as the token matures; those are the facts that move early.
Acknowledged
The IndexVault is a complex vault implementation using EIP-1167 minimal clones. It relies heavily on external 'hook' and 'rebalancer' contracts to manage state, minting, and asset segregation. While the architecture is modular, the high degree of privilege granted to external components creates significant trust requirements for users.
The vault utilizes a robust math library for pro-rata calculations and maintains strict internal accounting for claims. 7.1 Architecture: Modular design with clear separation of concerns. 7.2 Code Security: Logic is well-structured, though complex. 7.3 Access Control: Heavily reliant on external roles (hook, rebalancer). 7.6 External: Strong dependency on external pool managers and price modules.
7.4 Economic: The vault's value is derived from underlying assets; minting and redemption logic are designed to prevent arbitrage. 7.5 Governance: Privileged roles have significant control over user balances and fees. 7.8 Operations: Operational risk is concentrated in the hook and rebalancer addresses.
7.7 Upgrades: The contract is an EIP-1167 minimal clone, meaning the implementation is immutable. There is no upgrade path for the logic once deployed.
Users should verify the identity and security posture of the 'hook' and 'rebalancer' addresses, as these entities hold significant control over the vault's assets and user balances.
Ensure that the governance process for updating these roles is transparent and time-locked to prevent malicious actions.
Implement comprehensive monitoring for the privileged functions identified in the findings. Any unexpected activity in redeem or closeMint should trigger immediate alerts to the community.
Free for any token on the record. It links to this page and always shows the current score and the date it was checked.
Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
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