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Is Permission-less Lending Safe?

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Permission-less Lending MAGPIE
9UuLsJ…pump
Solana Not verifiedLast checked 3d ago 1 audit on record
DexScreener ↗
How is this score calculated? → High Risk
Executive 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. 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.

1 Informational
Volume 24h
$20.3K
Liquidity
$41.6K
Price
$0.0001059
Token Age
2mo
Top 10 Holders
46.0%

Security Findings

1 Info
Info

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

I-01This 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 holder concentration, which are read directly from chain state and from third-party risk registries.
IssueThis 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 holder concentration, which are read directly from chain state and from third-party risk registries.
FixRead the risk score breakdown below as the substance of this audit. For a code-level review, the token would need an accompanying verified program.
StatusAcknowledged

Category Ratings

TechnicalMedium6/10

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.

GovernanceHigh2/10

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.

UpgradesMedium5/10

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.

Security Checklist

1/4 checks passed
Contract VerifiedFail
No Mint Function?
Liquidity LockedFail
Not a ProxyPass

Liquidity Depth

$52.8K across 5 pairs
PumpswapSOLanalysed$41.6K78.8%Raydium CLMMCASH$9.5K17.9%Meteora DLMMSOL$1.7K3.1%Meteora DYN2CSR$730.1%Meteora DYN2IME$100.0%

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.

What Raised This Score

5 factors
  • Ownership status UNKNOWN (owner could not be resolved)
  • Mint capability UNKNOWN (implementation ABI unreadable)
  • Contract source NOT verified
  • Top-10 concentration > 30% (46.0% total → 46.0% effective; 46.0% in EOAs, 0.0% in contracts — moderate)
  • Liquidity NOT locked (owner can withdraw — rug-pull risk)

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

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