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Is Silencio Safe?

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

Silencio SLC
0x6bd8…b5d2
Base Not verifiedLast checked 3d ago 1 audit on record
Executive SummaryAI Copilot

The SilencioOFT contract is a LayerZero Omnichain Fungible Token (OFT) implementation, inheriting from LayerZero's OFT library and OpenZeppelin's Ownable. It enables cross-chain transfers of the Silencio token. The contract's simplicity, relying on well-audited external libraries, contributes to a low technical risk profile. Primary risks stem from the centralized control by the owner and the inherent dependencies on the LayerZero protocol's security and operational integrity.

1 High1 Medium1 Low1 Informational
Volume 24h
$53.8K
Liquidity
$138.8K
Price
$0.0001663
Token Age
1y
Top 10 Holders
47.0%

Security Findings

High

Centralized Control by Owner

H-017.3 Access Control, 7.8 Operations. The contract inherits `Ownable`, granting a single external owned account (EOA) or contract significant control over critical LayerZero configurations. The owner can set parameters such as `trustedRemote`, `minDstGas`, `feeCollector`, `sendVersion`, and `receiveVersion` in the underlying OFT contract. Misconfiguration of these parameters, whether accidental or malicious, could lead to funds being stuck, lost, or sent to unintended destinations across chains, severely impacting the token's functionality and user trust.
Issue7.3 Access Control, 7.8 Operations. The contract inherits `Ownable`, granting a single external owned account (EOA) or contract significant control over critical LayerZero configurations. The owner can set parameters such as `trustedRemote`, `minDstGas`, `feeCollector`, `sendVersion`, and `receiveVersion` in the underlying OFT contract. Misconfiguration of these parameters, whether accidental or malicious, could lead to funds being stuck, lost, or sent to unintended destinations across chains, severely impacting the token's functionality and user trust.
FixMigrate ownership from a single EOA to a multi-signature wallet (e.g., Gnosis Safe) with a sufficient number of signers. This distributes control, requires multiple approvals for critical operations, and significantly reduces the risk of a single point of compromise or human error. Implement robust internal procedures for managing and approving changes to these critical parameters.
StatusUnresolved
Medium

Reliance on LayerZero Protocol Security

M-017.6 External. The core cross-chain functionality of the SilencioOFT token is entirely dependent on the security, liveness, and correct operation of the LayerZero protocol and its associated endpoint. Any vulnerabilities, exploits, or operational disruptions within the LayerZero protocol itself (e.g., issues with relayers, oracles, or the endpoint contract) could directly impact the ability to transfer tokens across chains, potentially leading to frozen assets or loss of funds.
Issue7.6 External. The core cross-chain functionality of the SilencioOFT token is entirely dependent on the security, liveness, and correct operation of the LayerZero protocol and its associated endpoint. Any vulnerabilities, exploits, or operational disruptions within the LayerZero protocol itself (e.g., issues with relayers, oracles, or the endpoint contract) could directly impact the ability to transfer tokens across chains, potentially leading to frozen assets or loss of funds.
FixWhile direct mitigation within the contract is limited, the project should actively monitor LayerZero's security announcements, audits, and operational status. Develop contingency plans for potential LayerZero disruptions, including communication strategies for users and potential emergency measures if the protocol experiences a severe incident. Consider implementing off-chain monitoring for cross-chain transaction health.
StatusUnresolved
Low

Single Point of Failure for Owner Key

L-017.8 Operations. The current ownership model relies on a single EOA. If the private key associated with this owner address is compromised, lost, or becomes inaccessible, an attacker could gain full control over the contract's critical LayerZero configurations, or the legitimate team could lose the ability to manage the contract. This presents a significant operational risk, even if the contract code itself is secure.
Issue7.8 Operations. The current ownership model relies on a single EOA. If the private key associated with this owner address is compromised, lost, or becomes inaccessible, an attacker could gain full control over the contract's critical LayerZero configurations, or the legitimate team could lose the ability to manage the contract. This presents a significant operational risk, even if the contract code itself is secure.
FixAs recommended in H-01, transition ownership to a multi-signature wallet. Additionally, ensure that the private keys for the multi-signature wallet signers are stored securely using industry best practices (e.g., hardware security modules, robust key management policies). Implement strict access controls and operational procedures for all individuals with access to these keys.
StatusUnresolved
Info

Immutability of LayerZero Endpoint

I-017.1 Architecture. The LayerZero endpoint address (`_lzEndpoint`) is set during contract deployment in the constructor and cannot be modified thereafter. This design choice makes the contract permanently tied to a specific LayerZero endpoint version or deployment. If the LayerZero protocol were to deprecate or upgrade its endpoint in a non-backward-compatible way, or if the current endpoint were to become compromised or non-functional, the SilencioOFT contract would require redeployment to adapt.
Issue7.1 Architecture. The LayerZero endpoint address (`_lzEndpoint`) is set during contract deployment in the constructor and cannot be modified thereafter. This design choice makes the contract permanently tied to a specific LayerZero endpoint version or deployment. If the LayerZero protocol were to deprecate or upgrade its endpoint in a non-backward-compatible way, or if the current endpoint were to become compromised or non-functional, the SilencioOFT contract would require redeployment to adapt.
FixAcknowledge this design constraint. While immutability can enhance security by preventing unauthorized changes, it also limits flexibility. If future LayerZero upgrades necessitate a new endpoint, a migration strategy for token holders would be required. Ensure long-term planning accounts for potential LayerZero protocol evolution.
StatusUnresolved

Category Ratings

TechnicalLow8/10

7.1 Architecture, 7.2 Code Security. The contract exhibits a straightforward architecture, inheriting core functionality from battle-tested OpenZeppelin `Ownable` and LayerZero `OFT` libraries. This approach minimizes custom code, reducing the surface area for novel vulnerabilities. The use of Solidity `^0.8.24` benefits from built-in overflow/underflow checks. However, the contract's security is directly tied to the robustness of these external dependencies, particularly the LayerZero protocol.

GovernanceHigh1/10

7.3 Access Control, 7.4 Economic, 7.5 Governance. The contract implements a centralized access control model via OpenZeppelin's `Ownable` pattern, where a single owner address (`_delegate`) manages critical configurations. This owner has the authority to set LayerZero parameters such as `trustedRemote` and `minDstGas`, which are crucial for cross-chain functionality and economic integrity. While this provides efficient control, it introduces a single point of failure and requires robust operational security for the owner's key.

UpgradesMedium6/10

7.7 Upgrades. The SilencioOFT contract is deployed as a standard, non-upgradeable implementation. This design choice eliminates the complexities and potential risks associated with proxy upgrade patterns, such as storage collisions or upgrade path vulnerabilities. Any future modifications or enhancements to the contract's logic would necessitate a new deployment and a migration strategy for token holders.

Security Checklist

Contract VerifiedPass
Ownership RenouncedFail
No Mint FunctionPass
Liquidity LockedFail
Not a ProxyPass

Holder Composition

20.2% in wallets26.8% in contracts
Effective Concentration30.9%

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

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 Holder56.9%
Top-3 Unlocked96.0%

Key Addresses

Deployer
0x7b6c…2ae6
Unlocked LP Held By
0xdb6d…9ab30xfa2b…52bb0x6cbc…ba3f0x5c3b…25af

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

What Raised This Score

  • Ownership NOT renounced — owner is an EOA (single private key)
  • Top-10 concentration > 30% (47.0% total → 30.9% effective; 20.2% in EOAs, 26.8% in contracts — moderate)
  • Liquidity not locked, but no owner/deployer address holds LP — market-depth risk, not rug risk
  • LP top1 unlocked holder = 56.9% (independent LP — depth risk)
  • LP top3 unlocked holders = 96.0% (independent LP — depth risk)
  • 1 High finding(s) from audit
  • 1 Medium finding(s) from audit
  • 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

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