Kestrelle Launchpad

Token sale launchpad with vesting and liquidity locking.

Projects run token sales with whitelists and tiered allocations. Raised funds seed a liquidity pool, and team tokens vest over time. The platform owner can modify sale parameters and pause claims.

Ecosystem: BNB Chain
Category: Launchpad
Languages: Solidity
Launched: Mar 2026

52.2CSevere risk

Grade C · Severe risk

Severe risk; fundamental controls missing.

−3.0 since Mar 2026 · −3.0 since Jul 2026

Quantix Protocol Research · as of 24 Oct 2026 · About this data

Risk Index

How the score is built

Six weighted components, each scored 0–100 where higher means less risk. Points are the component value multiplied by its weight; the gap is what the component costs against a perfect score.

Component	Weight	Value	Points	Gap
Code Security	30%	54	16.2	−13.8
Operational Security	20%	50	10.0	−10.0
Governance Risk	15%	40	6.0	−9.0
Economic Security	15%	56	8.4	−6.6
Infrastructure Resilience	10%	64	6.4	−3.6
Transparency	10%	52	5.2	−4.8
Quantix Risk Index	100%		52.2	−47.8

Risk Index components: Kestrelle Launchpad Code 54, Operational 50, Governance 40, Economic 56, Infrastructure 64, Transparency 52
Component	Kestrelle Launchpad
Code	54
Operational	50
Governance	40
Economic	56
Infrastructure	64
Transparency	52

Grade scale

AAA90–100
AA85–89.9
A80–84.9
BBB75–79.9
BB70–74.9
B65–69.9
CCC60–64.9
CC55–59.9
C50–54.9
D0–49.9

Score history

8 monthly snapshots

Each point is the Risk Index computed from that month’s component values. Markers below the chart show the events that moved a component; the history starts at launch in Mar 2026.

Kestrelle Launchpad Quantix Risk Index by month
Period	Quantix Risk Index
Mar ’26	55.2
Apr ’26	55.2
May ’26	55.2
Jun ’26	55.2
Jul ’26	55.2
Aug ’26	55.2
Sep ’26	55.2
Oct ’26	52.2

2 Oct 2026
Incident analysis
Liquidity lock shortened and drained on a launchpad sale
An owner-only setter moved a liquidity unlock date forward by six months; the pool was drained four minutes later.
Incident analysis in Threat Analysis
- Economic Security−10
- Transparency−6
- Governance Risk−6

Risk factors

What keeps the score from being higher, most severe first.

HighGovernance RiskProfile analysis
Owner can change sales in progress
Allocation, price and claim schedule can change after contributions are made.
HighEconomic SecurityProfile analysis
Shortenable liquidity locks
The locker trusts the owner’s new expiry, so “locked” liquidity can be released early.
HighTransparencyProfile analysis
Unverified contracts
Participants cannot review the logic they send funds to.

Recommendations

Each recommendation raises one component to a target value. The score effect is recomputed with the Risk Index model, holding every other component fixed.

Governance Risk: 40 → 60
Freeze parameters once a sale starts
Make sale terms immutable after the first contribution.
+3.0
→ 55.2
Economic Security: 56 → 68
Immutable lock durations
Allow extending but never shortening liquidity locks.
+1.8
→ 54.0
Transparency: 52 → 70
Verify every deployment
Publish source for each sale contract from the factory.
+1.8
→ 54.0

Analysis

Contract, governance and operations

Contract analysis

Source: Unverified
Upgradeability: Transparent proxy on sale contracts
Administrative control: Deployer key (EOA)
Enforced delay: None identified
External dependencies: DEX pool seeded at sale end; Liquidity locker

FailSource verification. Recent sale contracts are not verified.
FailOwner privileges. Owner can change sale parameters and pause claims after a sale starts.
FailLiquidity lock. Owner can shorten lock durations.
PassVesting. Team tokens vest linearly.

Governance exposure

High

One externally owned key controls sale parameters, claims, liquidity locks and upgrades.

Operational resilience

Weak

No published incident process; the October incident showed liquidity could be withdrawn early.

Monitoring

Monitoring history

7 recorded security events for Kestrelle Launchpad, most recent first.

Open in Security Monitoring

3 Oct 2026HighPlatform ownership transferred to a new addressAccess Control · SaleFactoryOpen
2 Oct 2026MediumSale claims paused by the platform ownerConfiguration Change · SaleAcknowledged
2 Oct 2026HighMinted GLF sold into the remaining liquidityWhale Activity · SaleOpen
2 Oct 2026HighOwner minted 40% of GLF supplySecurity Alert · SaleOpen
2 Oct 2026Critical96% of GLF/WBNB liquidity withdrawnSuspicious Transaction Pattern · LiquidityLockerOpen
2 Oct 2026CriticalUnlock date moved from 2027-04-01 to 2026-10-02Configuration Change · LiquidityLockerOpen

Research assessment

No Quantix assessment of Kestrelle Launchpad has been published. Its security findings are represented by the contract-analysis signals above: 3 failed and 0 cautionary.