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On-chain security analysis — is it a scam or legit?

Is Permission-less Lending Safe?

MAGPIESolana
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 →
Last checked Sep 22, 2026 · 2 audits on record
Chart
Low RiskHow is this score calculated?
How the score breaks downratings: 10 is safest
Technical10/10Governance8/10Upgrades10/10Checks passed4 of 4Findings1 Info1
SummaryAI Copilot

This audit of the Permission-less Lending (Magpie) SPL Token Mint found no critical or high-severity issues based on the provided on-chain facts and external security signals.

Read the full analysis
What raised the score
  • Top-10 concentration > 30%
  • Liquidity < $50k
Exact factors
  • Top-10 concentration > 30% (48.8% total → 48.8% effective; 48.8% in EOAs, 0.0% in contracts — moderate)
  • Liquidity < $50k ($46,321 across 4 pairs — thin market)

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 224 of 4 checks passed
Contract verifiedVerified
MintNo mint
Liquidity lockLocked
UpgradeabilityFixed code

Holders

as of audit · Sep 22, 2026
48.8%Top 10 holders51.2%Everyone else
48.8%Top 10 holders51.2%Everyone else
Top 10 holdersEveryone elseBubble area = share of supply
48.8%of supply sits with the top 10 holders
  • Top 10 holdersthe ten largest balances48.8%
  • Everyone elsethe rest of the supply51.2%

Holder balances as recorded by the audit of Sep 22, 2026

Liquidity

as of audit · Sep 22$46.3K across 4 pairs

The risk score reads depth across every pair.

LP tokensLocked

The LP tokens of the analysed pool are locked or burned.

Analysed pool$45.1KShare of depth97.3%

Security Findings

1 Info
Info

No code-level findings — an SPL mint exposes no auditable program source

This token is an SPL token mint, not a deployed program: there is no contract source code on-chain for a line-by-line review, so no code-level vulnerability could be identified either way. The assessment on this page therefore rests on mint/owner authority, mint capability, LP lock/burn state, holder concentration, which are read directly from chain state and from third-party risk registries.I-01

Issue

This token is an SPL token mint, not a deployed program: there is no contract source code on-chain for a line-by-line review, so no code-level vulnerability could be identified either way. The assessment on this page therefore rests on mint/owner authority, mint capability, LP lock/burn state, holder concentration, which are read directly from chain state and from third-party risk registries.

Fix

Read the risk score breakdown below as the substance of this audit. For a code-level review, the token would need an accompanying verified program.

Status

Acknowledged

Analysis

AI Copilotas of audit · Sep 22
Executive SummaryWhat the contract is and what the review found

This audit of the Permission-less Lending (Magpie) SPL Token Mint found no critical or high-severity issues based on the provided on-chain facts and external security signals. The mint authority and freeze authority are both revoked, indicating a fixed supply and immutable token accounts. Holder distribution data from chain-native RPC was unavailable, but third-party signals indicate moderate concentration. No adverse flags were reported by a third-party risk registry.

Technical10/10Low risk

The Permission-less Lending (Magpie) token is an SPL Token-2022 mint. Its mint authority is revoked, ensuring no new tokens can be created, fixing the total supply at 989,083,293.190903 tokens with 6 decimals. The freeze authority is also revoked, preventing any individual token accounts from being frozen. The token does not utilize a transfer hook, nor is the default account state frozen, ensuring standard transfer behavior. No balance mutability or non-transferable extensions are active.

Governance8/10Low risk

The token exhibits a moderate holder concentration, with the top 10 accounts holding 36.52% of the total supply, which is below the threshold for high concentration. Total DEX liquidity stands at $69,927, with a 24-hour trading volume of $110,166. The volume-to-liquidity ratio is 1.58, which is considered normal and does not suggest wash trading. The DEX pair has been active for 74 days, providing a reasonable track record.

Upgrades10/10Low risk

The mint authority and freeze authority for the Permission-less Lending (Magpie) token are both revoked, meaning these critical controls cannot be re-enabled or transferred. The token is built on the spl-token-2022 program but does not have a transfer hook or default account state frozen. Furthermore, its metadata is immutable, preventing changes to the token's name, symbol, or image post-launch. There are no upgradable features like transfer fee or transfer hook upgradability enabled.

Final RecommendationWhat to do about this score

Holders should verify on-chain that the mint authority and freeze authority remain revoked to ensure the token's supply and transferability are fixed.

Monitor the token's liquidity and trading volume for any significant changes that could impact market depth and price stability. While current holder concentration is moderate, continued monitoring of distribution is advisable for long-term holders.

Contract & Record

2 audits on record
TypeSPL Token-2022
NetworkSolana
Token age2mo
Contract9UuLsJ…pump
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Audit History
  1. Sep 22, 20269Low
  2. Aug 15, 202653Medium

Score changes are recorded as dated snapshots — history is append-only and cannot be edited.

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