The ChainbaseOFT contract is an Omnichain Fungible Token (OFT) implementation utilizing LayerZero v2 for cross-chain transfers. The contract is simple, inheriting functionality from audited LayerZero OFT and OpenZeppelin Ownable libraries. No critical or high-severity vulnerabilities were identified. The primary risks are associated with the inherent reliance on the LayerZero protocol's security and the owner's configuration management.

On-chain security analysis — is it a scam or legit?
Is Chainbase Token Safe?
Not verified
This record has not gone through deep verification and is not being monitored. The score is a dated snapshot — the token’s risk can change at any time.Own this token? Put it under verification →The ChainbaseOFT contract is an Omnichain Fungible Token (OFT) implementation utilizing LayerZero v2 for cross-chain transfers.
Read the full analysis- Ownership not renounced — strong Multisig
- Top-10 concentration > 70%
- Liquidity not locked, but no owner/deployer address holds LP — market-depth risk, not rug risk
- LP top1 unlocked holder = 54.4%
- LP top3 unlocked holders = 100.0%
- 1 Low finding(s) from audit
Exact factors
- Ownership NOT renounced — strong Multisig (3-of-5)
- Top-10 concentration > 70% (96.9% total → 90.7% effective; 86.6% in EOAs, 10.2% in contracts — extreme)
- Liquidity not locked, but no owner/deployer address holds LP — market-depth risk, not rug risk
- LP top1 unlocked holder = 54.4% (independent LP — depth risk)
- LP top3 unlocked holders = 100.0% (independent LP — depth risk)
- 1 Low finding(s) from audit
Each 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
Security Checklist
as of audit · Sep 4Holders
as of audit · Sep 4, 2026- Contractstreasury, vesting, bridge, staking10.2%
- Walletsanonymous holders, free to sell86.6%
- Everyone elsethe rest of the supply3.1%
How holder types affect the score
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 Sep 4, 2026
Liquidity
as of audit · Sep 4The 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.
0x797d…eb550x745b…d37fNo privileged address appears among these holders: the unlocked liquidity sits with independent providers, not with the deployer.
Security Findings
LowNon-Upgradeability of Contract Logic
The ChainbaseOFT contract is implemented as a standard, non-upgradeable contract. This means that any future bug fixes, feature enhancements, or adaptations to evolving LayerZero protocol standards would necessitate deploying an entirely new contract and migrating existing token holders. This process can be complex, costly, and disruptive to users.L-01
Issue
The ChainbaseOFT contract is implemented as a standard, non-upgradeable contract. This means that any future bug fixes, feature enhancements, or adaptations to evolving LayerZero protocol standards would necessitate deploying an entirely new contract and migrating existing token holders. This process can be complex, costly, and disruptive to users.
Fix
While non-upgradeability can offer simplicity and immutability guarantees, for long-term projects, consider the implications. If future flexibility for logic updates is desired, a proxy-based upgradeable architecture should be evaluated for new deployments. For the current contract, ensure that the initial design is robust and future-proof to minimize the need for disruptive migrations.
Status
Unresolved
InfoReliance on LayerZero Protocol Security
The contract's core functionality for cross-chain transfers is entirely dependent on the security and operational integrity of the LayerZero v2 protocol. Any vulnerabilities or compromises within the LayerZero network (e.g., endpoint, relayers, oracles) could directly impact the security and functionality of this OFT. This is an inherent risk when utilizing external bridging protocols.I-01
Issue
The contract's core functionality for cross-chain transfers is entirely dependent on the security and operational integrity of the LayerZero v2 protocol. Any vulnerabilities or compromises within the LayerZero network (e.g., endpoint, relayers, oracles) could directly impact the security and functionality of this OFT. This is an inherent risk when utilizing external bridging protocols.
Fix
The project team should actively monitor LayerZero security announcements, audits, and operational status. Diversification strategies or contingency plans for LayerZero-related incidents should be considered for critical applications. Regular review of LayerZero's documentation and security practices is advised.
Status
Unresolved
InfoOwner Privileges and Configuration Management
The contract owner (a 3/5 multisig) has significant control over critical LayerZero configurations, such as setting trusted remote addresses, minimum destination gas, and other parameters. While the use of a multisig mitigates single points of failure, incorrect or malicious configuration by the owner could disrupt cross-chain operations or lead to unintended behavior, such as failed transactions or excessive fees.I-02
Issue
The contract owner (a 3/5 multisig) has significant control over critical LayerZero configurations, such as setting trusted remote addresses, minimum destination gas, and other parameters. While the use of a multisig mitigates single points of failure, incorrect or malicious configuration by the owner could disrupt cross-chain operations or lead to unintended behavior, such as failed transactions or excessive fees.
Fix
Implement robust internal processes for managing owner keys and executing privileged operations. All configuration changes should undergo thorough review and testing in a staging environment before deployment to production. Access to the multisig should be restricted to authorized personnel only, following strict operational security guidelines.
Status
Unresolved
Analysis
AI Copilotas of audit · Sep 4The ChainbaseOFT contract (7.1 Architecture) is a straightforward implementation, inheriting core logic from the well-audited LayerZero OFT library and OpenZeppelin's Ownable. This approach significantly reduces the attack surface and the likelihood of custom code vulnerabilities (7.2 Code Security). The contract's simplicity and reliance on battle-tested components contribute to a high level of technical security. No complex custom logic was found that could introduce new security flaws.
The contract employs the Ownable pattern (7.3 Access Control), with a 3/5 multisig wallet acting as the owner, which is a strong practice for decentralized control. This owner has significant control over LayerZero-specific configurations, such as setting trusted remote addresses and gas parameters (7.4 Economic). While the multisig mitigates single points of failure (7.5 Governance), the overall economic security is heavily dependent on the LayerZero protocol's integrity (7.6 External) and the careful management of these owner-controlled parameters.
The ChainbaseOFT contract is deployed as a standard, non-upgradeable implementation (7.7 Upgrades). This design choice provides immutability but means that any future bug fixes, feature enhancements, or adaptations to LayerZero protocol changes would require a new contract deployment and token migration. While not a vulnerability, it introduces operational complexity for future changes (7.8 Operations).
The ChainbaseOFT contract demonstrates a solid foundation due to its reliance on audited libraries and a simple implementation.
It is crucial for the project team to maintain vigilance over the LayerZero protocol's security and operational status, as the contract's functionality is directly tied to it. Implement robust internal procedures for managing the multisig owner keys and for reviewing all configuration changes before deployment to production environments. For long-term strategic planning, consider the implications of the non-upgradeable design and evaluate if a proxy-based architecture might be more suitable for future token deployments requiring flexibility.
Contract & Record
Free for any token on the record. It links to this page and always shows the current score and the date it was checked.
- Aug 17, 202643Medium
Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
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