Is Everlyn Token (LYN) Safe? Smart Contract Security Analysis

Security Findings

1 Med5 Info

Medium

Liquidity not locked

QA-LIQUIDITY0.0% of the pool's LP is burned or time-locked. 85.9% is held, unlocked, by 10 address(es) other than the owner/deployer. One of them — a wallet, 0xc055…9d4a — holds 50.6% 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 81% of the token's DEX liquidity; the other pools were not assessed.

Issue0.0% of the pool's LP is burned or time-locked. 85.9% is held, unlocked, by 10 address(es) other than the owner/deployer. One of them — a wallet, 0xc055…9d4a — holds 50.6% 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 81% of the token's DEX liquidity; the other pools were not assessed.

FixCheck the lock's end date and beneficiary on the locker's own page before relying on it.

StatusAcknowledged

Info

A privileged address can mint new tokens

CP-01A privileged function increases the total supply, diluting every holder. Ownership is renounced, so no one can call these functions now. Functions: mint(address,uint256). Restricted to: owner.

IssueA privileged function increases the total supply, diluting every holder. Ownership is renounced, so no one can call these functions now. Functions: mint(address,uint256). Restricted to: owner.

FixCheck who holds these functions and whether a timelock or multisig stands between them and holders.

StatusUnresolved

Info

Who holds the supply

QA-HOLDERSThe ten largest holders own 92.4% of supply. What remains: 18.2% in wallets, 74.2% in other contracts. 21,977 holders in total.

IssueThe ten largest holders own 92.4% of supply. What remains: 18.2% in wallets, 74.2% in other contracts. 21,977 holders in total.

FixWatch the largest wallets that are not exchanges, pools or locks — those are the ones that can move the price.

StatusAcknowledged

Info

Listed, but not independently verified

QA-IDENTITYListed on CoinGecko as Everlyn (LYN), market cap $4M, rank #1935. 21,977 holders.

IssueListed on CoinGecko as Everlyn (LYN), market cap $4M, rank #1935. 21,977 holders.

FixMatch the contract address against the project's official channels before trading.

StatusAcknowledged

Info

The market for this token

QA-MARKETLiquidity $65K (DexScreener, all pools). 24h trading volume $2.0M (CoinGecko, all markets, daily snapshot). 24h trading volume $302K (DexScreener, all pools). CoinGecko's record for this coin: all-time high $0.605 on 2025-10-05; the price is now 97.1304% below it.

IssueLiquidity $65K (DexScreener, all pools). 24h trading volume $2.0M (CoinGecko, all markets, daily snapshot). 24h trading volume $302K (DexScreener, all pools). CoinGecko's record for this coin: all-time high $0.605 on 2025-10-05; the price is now 97.1304% below it.

FixSize any position to the liquidity and daily volume shown — they set how much you can sell and at what price.

StatusAcknowledged

Info

Asset class: Project token

QA-PROFILEA 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: nobody (ownership renounced). Code: not upgradeable (no proxy). Fees: no buy or sell tax. Market: $65K of DEX liquidity across 3 pools. Launch: 368 days of market history.

IssueA 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: nobody (ownership renounced). Code: not upgradeable (no proxy). Fees: no buy or sell tax. Market: $65K of DEX liquidity across 3 pools. Launch: 368 days of market history.

FixCheck the project's own documentation for what the token is used for; this report covers what the contract allows.

StatusAcknowledged

Category Ratings

TechnicalLow8/10

The EverlynToken contract implements the ERC-20 standard, providing basic token functionalities like transfer and approval. The contract's ownership has been renounced on-chain, which means functions restricted to the owner, such as `mint(address,uint256)`, are no longer callable by any external address (7.3 Access Control). This significantly reduces operational risks by preventing any single entity from controlling critical token parameters. The core ERC-20 logic appears sound.

GovernanceLow7/10

The economic model is based on a standard ERC-20 token. While a `mint` function exists, its associated risk of token dilution (7.4 Economic) is mitigated because ownership has been renounced. This means no new tokens can be minted, ensuring a fixed total supply unless the contract's logic allows for other supply changes (which it does not, based on the `CODE MAP`). This design choice enhances trust by preventing arbitrary supply inflation.

UpgradesMedium6/10

The EverlynToken contract is a standard implementation and does not utilize any proxy patterns (7.7 Upgrades). Therefore, it is not upgradeable, meaning its logic cannot be changed after deployment. This eliminates upgrade-related risks but also means any discovered vulnerabilities or desired feature enhancements would require a new contract deployment and migration.

Security Checklist

3/5 checks passed

Contract VerifiedPass

Ownership RenouncedPass

No Mint FunctionFail

Liquidity LockedFail

Not a ProxyPass

HoneypotNoneBuy Tax0.0%Sell Tax0.0%

Holder Composition

92.4% in top 10

18.2% in wallets74.2% in contracts

Effective Concentration47.9%

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.

Liquidity Depth

$65.4K across 3 pairs

UniswapUSDTanalysed$52.8K UniswapUSDT$12.6K Pancakeswap v3USDT$17

The risk score reads depth across every pair. The volume figure and the volume-to-liquidity ratio elsewhere on this page describe only the pair this audit analysed, so the two are not directly comparable.

LP Distribution

Top-1 Unlocked Holder50.6%

Top-3 Unlocked63.2%

Key Addresses

11 addresses

Deployer

0xb226…c36e

Unlocked LP Held By

0xc055…9d4a0x3b0c…3fcd0x4598…e8260x2fbe…da9a0x23f3…73680x390b…aa010x554a…66850x9fda…b9ee0x1917…af660x0a3a…1733

No privileged address appears among these holders: the unlocked liquidity sits with independent providers, not with the deployer.

What Raised This Score

2 factors

Liquidity NOT locked (100% of the pool; this pool is 81% of DEX liquidity) — held by independent providers — market-depth risk
Top-10 concentration > 30% (92.4% total → 47.9% effective; 18.2% in EOAs, 74.2% in contracts)

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

Not Signed In

Is Everlyn Token Safe?

Security Findings

Liquidity not locked

A privileged address can mint new tokens

Who holds the supply

Listed, but not independently verified

The market for this token

Asset class: Project token

Category Ratings

Security Checklist

Holder Composition

Liquidity Depth

LP Distribution

Key Addresses

What Raised This Score

Related Audits

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