the proof
Network
LBO is running on Solana devnet. Nothing here is real money.
Program
5Jy8uzwyD2sovPAbz8NGctTksq8HDyUncxFyP4P4c7JR
It has six instructions: open_buyout, pledge, withdraw, accept, claim and close. None of them takes a fee, and none of them lets an admin move funds.
Tests ran on commit 765289e.
Test results
| Where | Result | Date |
|---|---|---|
| LiteSVM | 90 passed, 0 failed, of 90 | 2026-11-01 |
| Local validator | 89 passed, 0 failed, 1 skipped, of 90 | 2026-11-01 |
The tests cover every instruction and every way to misuse it that we could list, including a stranger calling accept, double claims, wrong vaults and every refused coin type. A randomized run checks, after every step, that the pledges add up to the amount raised and that the vault holds it. The skipped test forges an account, which only the fast test chain allows.
No outside audit has been done.
Real transactions
Every one of these went through this site in a browser, from test wallets.
On devnet
| Step | Transaction |
|---|---|
| open_buyout | 642ky57J6yP4Gjrx… |
| pledge | mW8uf9Gi9nb1AAFu… |
| withdraw | 516EzjsBfGsrT3qq… |
| pledge again | 4rrmXypbfKPVyfTU… |
| pledge fills the bar | 5UfNPoAvZZ4ZMuQt… |
| accept | 23Vaspt1tp3K1uZ6… |
| claim | 4TtaWwwgzME8TQD6… |
| claim, last | 5FfWed9ztxSuyf8d… |
| close | 43dxWhSZ7x2d4Mew… |
| open_buyout | 4G8iGY5d5j6hqKUq… |
| pledge on the expiring buyout | 3CC4iaj17sdtLzbN… |
| withdraw after the deadline | 4N18Jf18RYDVWjBz… |
| close the expired buyout | Pbei79NizV6cKEao… |
Source
The source isn't public. What you can check is the deployed program and every transaction it has made, on-chain.