DeFi Development Corp. Variable Rate Series C Perpetual Preferred xStock (CHADx)

Analysis

CHADx is dangerous (0/100). The main concern: the team still has control over the token: more tokens can be printed, wallets can be frozen, transfers can be paused, permanent delegate. Those powers can change the rules after you buy. On the plus side, it is 9 days old, still young. This reading comes only from on-chain facts and lowers the risk; it never removes it.

• ⚠ The team still has control over the token: more tokens can be printed, wallets can be frozen, transfers can be paused, permanent delegate. Those powers can change the rules after you buy.
• ⚠ A few of the biggest holders could crash the price by selling: exit risk is high.
• ⚠ Ownership is concentrated: the 10 biggest wallets hold 96% of the supply (pools and burns not counted).
• ✓ It is 9 days old, still young.
• • The pools hold $19.3K.

Summary

Serious warning signs. Most buyers of tokens like this lose money.

• More tokens can be printed
• Wallets can be frozen
• Permanent delegate
• Transfers can be paused
• Top 10 wallets hold 96% of the supply

Not checked: Whether the liquidity is locked · When the token launched

Every check

• More tokens can be printed. Mint authority 7pt9…taCj is still active, so the supply can be increased at any time.
• Wallets can be frozen. Freeze authority JDq1…xJNs can freeze your tokens so you can't sell.
• Permanent delegate. 5aMN…FvEq can move or burn tokens out of any wallet, including yours.
• Transfers can be paused. JDq1…xJNs can pause all transfers.
• Liquidity lock not checked. We can't read the lock status of this pool type yet.

How it can improve

• More tokens can be printed: Revoke the mint authority so nobody can print more tokens. On Solana: spl-token authorize <MINT> mint --disable. On EVM chains, renounce the role that can mint.
• Wallets can be frozen: Revoke the freeze authority so no wallet can be frozen. On Solana: spl-token authorize <MINT> freeze --disable.
• Permanent delegate: Revoke the permanent delegate if possible. If it was fixed at creation, only a new token would clear it.
• Transfers can be paused: Remove or renounce the switch that can pause trading.
• Top 10 wallets hold 96% of the supply: Spread the supply: avoid big single wallets, and lock team tokens in vesting.
• Hard to exit: a few sells would crash the price: Add liquidity and spread the supply, so a few sells can not crash the price.