Feed/DeFi/@MagpieLoans

33

Score · risky

@MagpieLoans

MagPie Lending

MagPie is a permissionless lending protocol on Solana that allows users to borrow SOL against memecoins and tokenized stocks, with integration via Telegram. The protocol claims 360+ SOL lent across 212 approved assets and features an AI agent (Pip) for credit scoring. However, the account was just created in April 2026 (2 months old), and recent tweets mention a contract exploit (4.3 SOL lost), coordinated FUD, and wallet integration issues with Phantom blocking transactions due to being a new protocol.

𝕏 @MagpieLoans ↗ t.coDeFirisky

AI Analysisrisky

Confidence

72%

MagPie is a permissionless lending protocol on Solana that allows users to borrow SOL against memecoins and tokenized stocks, with integration via Telegram.

The protocol claims 360+ SOL lent across 212 approved assets and features an AI agent (Pip) for credit scoring.

However, the account was just created in April 2026 (2 months old), and recent tweets mention a contract exploit (4.3 SOL lost), coordinated FUD, and wallet integration issues with Phantom blocking transactions due to being a new protocol.

Green flags: Working product on Solana mainnet with real loan volume (360+ SOL) · Novel use case combining memecoins, tokenized stocks, and AI agent credit scoring · Transparent on-chain data and protocol metrics · Small following (<3k) qualifies as early-stage

Red flags: Just experienced a contract exploit (June 7, 2026), even if minor · Brand new account (created April 2026, only 2 months old) · Phantom wallet blocking transactions due to new/untrusted protocol status · Mentions coordinated FUD and scam impersonation attempts · Permissionless lending on highly volatile memecoins presents significant risk · Anonymous team with no disclosed backing or audit information

Token

$Magpie

Chain

Solana

Stage

mainnet+live

Category

lending protocol

Recent tweetsSee all on 𝕏 →

1/5 MGP-003 has been decided! https://t.co/pdeYtrt7J8 $MAGPIE holders voted on the July 1st @streamflow_fi unlock (~5% of supply). Winner by plurality: Option C — Build a 24-month locked Growth Treasury. 56% of votes cast, 35 voters, quorum + plurality both cleared. No burn. No dump. Here's the full plan. 🧵

9m ago♥ 4💬 1🔁 0

🛡️ Security Update — Expanding Our Audit Process: A quick update on Magpie's smart-contract audit process — including three new firms we're bringing into the mix. Where our existing conversations stand: • Sec3 (@sec3dev)— authorized to review our codebase; awaiting their formal proposal (furthest along) • OtterSec (@osec_io) & Neodyme (@Neodyme) — have yet to reply to our requests. we've followed up and are awaiting their responses New — three more top firms now requested: • Ackee (@AckeeBlockchain) • Hashlock (@Hashlock_) • QuillAudits (@QuillAudits_AI) That brings our pipeline to six of the most respected security firms in Solana. We're casting a wide net on purpose — to engage the right partner(s) for a thorough, independent review of the full protocol: the custody model, V4's in-vault exit mechanics, collateral handling, and the attestation/LTV logic behind every loan. We'll keep you posted as proposals, scopes, and timelines come in — and share results transparently once a review is complete. Security is the foundation. Building this to last. 🐦 $Magpie

6h ago♥ 59💬 7🔁 21

6 HOURS LEFT for $Magpie holders to cast their MGP-003 Vote. Governance: https://t.co/rmvkDKfXmr

6h ago♥ 32💬 3🔁 5

📸Taken at 11:44am EST Third distribution details coming. $Magpie

8h ago♥ 45💬 8🔁 9

This is why we created Magpie. Solana is the chain of opportunity. We designed the first agentic lending protocol that allows users to pre-set custom sell instructions under the umbrella of their own loan. https://t.co/C1AdrqskjC solana:9UuLsJ3jf8ViBNeRcwXD53re5G3ypgfKK3s2EiMMpump

11h ago♥ 41💬 3🔁 20

Signal Timeline

DY

@Dylan_HODL followed

BFirst discovered·3w ago

Score breakdown0–100

🎯Scout quality

+18.55 / 25

📚Signal stack

0 / 30

🪪Profile

+15 / 15

✍️Content

+5 / 10

🤖AI verdict

0 / 20

⚠️Penalties

-6 / 20

33

Below threshold (70)
Watching for additional signals.

Followers

2.2K

Account age

2mo

Scouts

0

First seen

3w ago