Is Zypher Token (POP) Safe? Smart Contract Security Analysis

Security Checklist

2/5 checks passed

Contract VerifiedPass

Ownership RenouncedFail

No Mint FunctionFail

Liquidity LockedFail

Not a ProxyPass

Audit History

2 audits on record

Jul 2256Jul 2374

Every audit run adds a dated snapshot — history is append-only and cannot be edited.

Audit Summary

The Zypher Network Token contract is an ERC-20 compliant token built upon battle-tested OpenZeppelin libraries, including Ownable2Step, Pausable, and ERC20Burnable. The contract initializes with a fixed total supply minted to the deployer, who also assumes ownership. While the technical implementation is robust, the centralized control over critical functions and the initial token supply introduces operational and economic risks. External data regarding TVL, balance, deployment, and transaction count was not provided for this analysis.

Final Recommendation: To mitigate the identified risks, it is strongly recommended that the contract owner's private key be secured using a robust multi-signature wallet solution. This would distribute control and reduce the single point of failure risk. Additionally, consider establishing clear, public guidelines for the use of the `pause()` function to enhance transparency and trust within the community. For future projects, explore options for progressive decentralization of control over time.

Category Ratings

TechnicalMedium

6/10

The technical implementation of the Zypher Network Token contract is strong, leveraging well-audited OpenZeppelin libraries (7.2 Code Security). It inherits from ERC20, ERC20Burnable, Ownable2Step, and Pausable, ensuring standard and secure token functionalities. The use of Ownable2Step for ownershi

GovernanceHigh

1/10

The contract exhibits a high degree of centralized control (7.4 Economic, 7.5 Governance). The initial owner receives the entire token supply upon deployment and retains the power to pause all token transfers via the `pause()` function. While `Ownable2Step` provides a safer mechanism for transferrin

UpgradesMedium

5/10

The Zypher Network Token contract is not designed to be upgradeable (7.7 Upgrades). It is deployed as a standard, non-proxy contract, meaning its logic cannot be modified post-deployment. Any future changes or bug fixes would necessitate deploying an entirely new contract and migrating users, which

LP Distribution

Top-1 Unlocked Holder98.3%

Top-3 Unlocked99.5%

What Raised This Score

8 factors

Ownership NOT renounced — Multisig (2-of-3)
Mintable supply, but capped at 0.0%/year
Top-10 concentration > 30% (89.5% total → 37.6% effective; 3.0% in EOAs, 86.6% in contracts — moderate)
Liquidity NOT locked (owner can withdraw — rug-pull risk)
LP top1 unlocked holder = 98.3% (exit-liquidity risk)
LP top3 unlocked holders = 99.5% (exit-liquidity risk)
1 High finding(s) from audit
1 Medium 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

Security Findings

4 total

1 High 1 Medium 2 Info

H-01HighUnresolved

Centralized Control Over Critical Functions and Initial Supply

The contract owner has significant centralized control. The entire initial token supply is minted to the owner's address during deployment. Furthermore, the owner possesses the exclusive ability to pause and unpause all token transfers, effectively halting the token's utility. This level of control, while common in initial token deployments, presents a single point of authority that could be misused or compromised, impacting all token holders (7.3 Access Control, 7.4 Economic, 7.8 Operations).

Recommendation: Implement a multi-signature wallet for the owner address to distribute control over critical functions like pausing and ownership transfers. Consider a timelock mechanism for sensitive operations to provide a delay for community review. For future iterations, explore mechanisms to progressively decentralize control over the token supply or critical functions.

M-01MediumUnresolved

Single Point of Failure for Owner Key

The contract relies on a single external account (the owner) for all administrative actions, including pausing transfers and transferring ownership. If the private key for this owner account is compromised, lost, or becomes inaccessible, all owner-restricted functionalities could be exploited or become permanently unavailable. While `Ownable2Step` mitigates accidental transfers, it does not address the fundamental risk of a single point of failure (7.3 Access Control, 7.8 Operations).

Recommendation: Secure the owner's private key with industry best practices, such as a hardware wallet. For enhanced security and resilience, transition ownership to a multi-signature wallet (e.g., Gnosis Safe) requiring multiple approvals for sensitive transactions.

I-01InformationalUnresolved

Non-Upgradeability of Contract Logic

The Zypher Network Token contract is deployed directly and does not utilize a proxy pattern, meaning its logic is immutable once deployed. This design choice implies that no future bug fixes, feature enhancements, or protocol adjustments can be made to the existing contract. Any necessary changes would require deploying an entirely new contract and migrating users, which can be a complex and disruptive process (7.7 Upgrades).

Recommendation: This is a design decision. If future upgradeability is desired, consider implementing a proxy pattern (e.g., UUPS or Transparent) in future contract deployments. For this contract, ensure thorough testing and auditing to minimize the need for future changes.

I-02InformationalUnresolved

Reliance on OpenZeppelin Libraries

The contract heavily relies on OpenZeppelin's standard libraries (ERC20, Ownable2Step, Pausable, ERC20Burnable). While these libraries are widely used and thoroughly audited, any undiscovered vulnerability within these external dependencies could potentially affect the Zypher Network Token contract. This is an inherent aspect of building on established frameworks (7.6 External).

Recommendation: Regularly monitor OpenZeppelin's security advisories and updates. While direct action on this contract is limited, staying informed about potential vulnerabilities in dependencies is crucial for overall protocol security.

Is Zypher Token Safe? POP