SLVR $SLVR

Revenue basis

DefiLlama revenue line. Our audit reconciled it to on-chain staker rewards plus buyback funding (287 + 26.5 ETH) within 1%. Nearly all of it is holder revenue.

Revenue reconciles cleanly. One EOA controls mint, emissions, fee routing and most LP.

Launch screen CLEAN

One dust buy in the first 50 blocks by an established wallet. Supply is mintable: 1,000 at launch, 24,744 now; the post-launch mints were not traced.

Method: replay from mint, decode every swap in the first 50 blocks after the first pool, group same-block buys by gas price and amount, trace first token funding. Timing and gas never prove common ownership on their own.

Token audit (ours) GO-WITH-CONDITIONS

SLVR is sellable at the $5,000 size on the v4 ETH/SLVR pool (about 4% impact, 12% at 1% of supply) and the on-chain staker and buyback ETH reconciles to the DefiLlama revenue line within 1%. Every lever that matters sits behind one EOA with no timelock or multisig: it can grant itself the minter role in one transaction, set the emission rate without an upper bound, register itself as a game, redirect swap-tax ETH, sweep staking surplus, and it or its affiliates hold or control most LP principal. Size any position to a single-key total-loss scenario.

• A-2: The only minter is the emission controller, but the owner EOA is default admin and grantRole(MINTER_ROLE, owner) does not revert in simulation; MAX_SUPPLY 500,000 SLVR (20x current) is the only hard cap
• A-3: Emission is a key parameter, not code: 960 SLVR/day, owner-settable with no bound; registerGame plus mintReward gives a second mint path
• A-5: All thirteen protocol contracts are owned by the same EOA; no timelock, multisig or proxy admin exists
• B-1: v2 LP is 82.7% in the owner-controlled liquidity staking contract and 16.9% in the owner EOA; nothing burned or locked
• B-2: The main v4 ETH/SLVR pool's principal sits in PositionManager NFTs held by EOAs (41.5% an unattributed vanity EOA, 26.6% the owner, 14.3% the growth wallet) plus about 28% in the lpRewards contract; all removable at will
• B-3: The pool is bound to an owner-controlled tax hook (2% max, decrease-only) routing swap tax to a lottery and an lpRewards contract; the hook cannot pull principal
• C-1: Quoter: $5k returns $4,783 (4.3% impact); 1% of supply returns $20,387 (12.2% impact); six executed sells in the last 200k blocks succeeded
• D-1: Full Transfer replay (750,410 logs) reconciles exactly; 2,058 holders; top-10 hold 65.9%, led by the miner vault 19.5% and vote escrow 11.1%
• D-2: 10.7% of post-launch emission went to team vesting and growth fund contracts owned by the same EOA, while the site claims no insider allocation
• F-2: Over 30 days, staker rewards 287 ETH plus buyback funding 26.5 ETH equal about $691k against DefiLlama revenue of $684,569 (ratio 1.01); treasuries (63.7 ETH) sit in two EOAs
• G-1: No redemption, no claim on ETH treasuries, no governance; the only enforceable right is the pro-rata veSLVR share of the 8% rake, of which team and growth NFTs take 15.9%

Pinned 2026-09-07. Surfaces: A controls, B liquidity custody, C sellability, D concentration, E launch, F fees, G rights, H dependencies. A critical on any surface caps the verdict.

Professional audit no audit found

Contracts

Data sources