The DERC20 contract is a standard ERC-20 token with additional governance and vesting capabilities. The protocol relies on a centralized owner to manage inflation rates and liquidity pool access. While the code follows standard OpenZeppelin patterns, the high level of administrative control over token supply and transferability introduces significant trust requirements for token holders.
Early-stage security check — honeypot & rug-pull analysis
Is Vanguard Strategic Oil Fund a Scam?
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 DERC20 contract is a standard ERC-20 token with additional governance and vesting capabilities.
Read the full analysis- Owner can pause all transfers
- A privileged address controls a switch that decides whether transfers go through
- Mintable supply — no cap found, dilution unbounded
- Liquidity not locked
- Top-10 concentration > 30%
Exact factors
- Owner can pause all transfers
- A privileged address controls a switch that decides whether transfers go through
- Mintable supply — no cap found, dilution unbounded
- Liquidity NOT locked (100% of the pool) — who holds it cannot be verified
- Top-10 concentration > 30% (100.0% total → 48.1% effective; 16.1% in EOAs, 80.1% in contracts; 3.8% burned, locked or in pools excluded)
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 · Oct 21Holders
as of audit · Oct 21, 2026- Contractstreasury, vesting, bridge, staking80.1%
- Walletsanonymous holders, free to sell16.1%
- Burnedout of circulation3.8%
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 Oct 21, 2026
Liquidity
as of audit · Oct 21The 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.
Security Findings
MediumCentralized Control Over Token Supply
The owner can call updateMintRate and release to increase the total supply of tokens. This allows the owner to dilute the holdings of all existing token holders at their discretion, provided they stay within the 2% annual inflation limit.CP-01
Issue
The owner can call updateMintRate and release to increase the total supply of tokens. This allows the owner to dilute the holdings of all existing token holders at their discretion, provided they stay within the 2% annual inflation limit.
Fix
Implement a timelock on the updateMintRate function or transition ownership to a decentralized governance contract to prevent unilateral supply changes.
Status
Unresolved
MediumCentralized Control Over Transferability
The owner can use lockPool and unlockPool to enable or disable transfers for specific pools. This gives the owner the power to effectively freeze liquidity or restrict user access to trading at any time.CP-05
Issue
The owner can use lockPool and unlockPool to enable or disable transfers for specific pools. This gives the owner the power to effectively freeze liquidity or restrict user access to trading at any time.
Fix
Restrict the use of pool locking to emergency scenarios only and document the specific conditions under which this function would be invoked to maintain transparency.
Status
Unresolved
InfoWho holds the supply
The ten largest holders own 100.0% of supply. Of that, 3.8% burned — not holders that can sell, so excluded from the concentration score. What remains: 16.1% in wallets, 80.1% in other contracts. The deployer/owner wallet itself holds 16.1%. 3,018 holders in total.QA-HOLDERS
Issue
The ten largest holders own 100.0% of supply. Of that, 3.8% burned — not holders that can sell, so excluded from the concentration score. What remains: 16.1% in wallets, 80.1% in other contracts. The deployer/owner wallet itself holds 16.1%. 3,018 holders in total.
Fix
Watch the largest wallets that are not exchanges, pools or locks — those are the ones that can move the price.
Status
Acknowledged
InfoNot listed by any independent source
3,018 holders. Not listed by CoinGecko or any exchange GoPlus tracks. Nothing independent confirms who is behind this token, so every power its contract grants is scored at face value.QA-IDENTITY
Issue
3,018 holders. Not listed by CoinGecko or any exchange GoPlus tracks. Nothing independent confirms who is behind this token, so every power its contract grants is scored at face value.
Fix
Match the contract address against the project's official channels before trading.
Status
Acknowledged
InfoThe market for this token
Liquidity $51K (DexScreener, all pools). 24h trading volume $34K (DexScreener, all pools).QA-MARKET
Issue
Liquidity $51K (DexScreener, all pools). 24h trading volume $34K (DexScreener, all pools).
Fix
Size any position to the liquidity and daily volume shown — they set how much you can sell and at what price.
Status
Acknowledged
InfoAsset class: Project token
A 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: a ProxyAdmin contract. Code: not upgradeable (no proxy). Fees: no buy or sell tax. Market: $51K of DEX liquidity across 1 pools. Launch: under a day of market history.QA-PROFILE
Issue
A 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: a ProxyAdmin contract. Code: not upgradeable (no proxy). Fees: no buy or sell tax. Market: $51K of DEX liquidity across 1 pools. Launch: under a day of market history.
Fix
Check the project's own documentation for what the token is used for; this report covers what the contract allows.
Status
Acknowledged
InfoRecently launched — less than a day of market history
The token's oldest DEX pool is less than a day old. Age is not part of the risk score — a new token is not a risky one by default — but a short history means fewer trades and holder changes behind the facts in this report.QA-RECENT
Issue
The token's oldest DEX pool is less than a day old. Age is not part of the risk score — a new token is not a risky one by default — but a short history means fewer trades and holder changes behind the facts in this report.
Fix
Re-check ownership, liquidity and holder distribution as the token matures; those are the facts that move early.
Status
Acknowledged
Analysis
AI Copilotas of audit · Oct 21The contract utilizes well-audited OpenZeppelin libraries for ERC-20, Votes, and Permit functionality. 7.1 Architecture is modular, and 7.2 Code Security is high due to the use of standard, battle-tested implementations. 7.3 Access Control is strictly enforced via Ownable, though it grants broad powers to the owner. 7.6 External dependencies are minimal and standard for the ecosystem.
7.4 Economic and 7.5 Governance aspects are heavily centralized. The owner has the ability to mint tokens up to a 2% annual cap and toggle transferability via the pool lock mechanism. This creates a dependency on the owner's integrity, as they can unilaterally impact token value and liquidity access.
7.7 Upgrades are not implemented; the contract is immutable. 7.8 Operations are limited to the owner's ability to adjust parameters. No proxy patterns are present, ensuring the logic cannot be altered post-deployment.
Token holders should be aware that the contract owner possesses significant control over the token's economic parameters and transferability.
It is recommended that the project transition to a decentralized governance model, such as a multi-signature wallet or a DAO, to mitigate the risks associated with a single point of failure. Furthermore, ensure that all administrative actions are transparently communicated to the community. Consider implementing a timelock on sensitive functions like updateMintRate to provide users with advance notice of changes to the token supply.
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.
- Oct 21, 202660Medium
Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
Frequently Asked Questions
What is the VSOF contract address?
The Vanguard Strategic Oil Fund (VSOF) contract on Base is 0xd91a4188a0e2d7b72a5923acf0c18295603bbc43. Compare it with the address the project itself publishes before trading: other contracts can carry the same name and ticker.
Is Vanguard Strategic Oil Fund a scam?
Quantum Audit's risk score for Vanguard Strategic Oil Fund is 60/100 (Medium risk) as of Oct 21, 2026, computed by a deterministic function from on-chain facts — Contract verified: Verified; Ownership: Retained; Mint: Mintable; Liquidity lock: Not locked; Upgradeability: Fixed code; Honeypot: None found; Buy / sell tax: 0% / 0%. A score is a dated snapshot of those facts, not a guarantee; each one is listed on this page.
Is VSOF liquidity locked?
Liquidity lock: Not locked (as of Oct 21, 2026). Total DEX liquidity: $51.0K.
Who holds VSOF?
As of Oct 21, 2026, the 10 largest holders own 100.0% of the supply across 3,018 holders. The Holders section on this page shows who they are by holder type.
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