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 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 World Oil Fund Institution 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 20Holders
as of audit · Oct 20, 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 20, 2026
Liquidity
as of audit · Oct 20The 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 has the ability to mint new tokens via the updateMintRate and release functions. This allows the administrator to increase the total supply at will, which can dilute the value of existing holdings.CP-01
Issue
The owner has the ability to mint new tokens via the updateMintRate and release functions. This allows the administrator to increase the total supply at will, which can dilute the value of existing holdings.
Fix
Consider implementing a timelock for minting operations or moving control to a decentralized governance DAO to prevent unilateral supply changes.
Status
Unresolved
MediumCentralized Control Over Transferability
The owner can use the lockPool and unlockPool functions to toggle the transferability of the token. This gives the administrator the power to freeze user assets or prevent trading at their discretion.CP-05
Issue
The owner can use the lockPool and unlockPool functions to toggle the transferability of the token. This gives the administrator the power to freeze user assets or prevent trading at their discretion.
Fix
Remove the ability to pause transfers or restrict this functionality to a decentralized emergency response committee with transparent, time-bound constraints.
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%. 1,514 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%. 1,514 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
1,514 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
1,514 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 $32K (DexScreener, all pools).QA-MARKET
Issue
Liquidity $51K (DexScreener, all pools). 24h trading volume $32K (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 20The contract utilizes well-audited OpenZeppelin libraries for ERC-20, Votes, and Permitting 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 the Ownable pattern, though this creates a single point of failure for administrative functions.
7.4 Economic and 7.5 Governance aspects are heavily centralized. The owner has the authority to mint tokens and halt transfers, which directly impacts 7.8 Operations. While inflation is capped at 2% annually, the lack of a timelock or multi-signature requirement for these actions poses a risk to holders.
The contract is not upgradeable, which eliminates 7.7 Upgrades risks related to proxy manipulation. The logic is immutable, ensuring that the current ruleset cannot be changed without a new deployment. 7.6 External dependencies are limited to standard libraries.
To improve security, it is recommended to transition the ownership of the contract to a multi-signature wallet or a decentralized governance contract.
This would mitigate the risk of a single compromised key performing unauthorized minting or locking of user funds. Additionally, implementing a timelock mechanism for sensitive administrative functions like 'updateMintRate' would provide transparency and allow the community to react to changes in the token's economic parameters before they take effect.
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 20, 202662Medium
Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
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