Source fetched 2026-09-22T12:27:16Z
Exact-token support is source-listed The protocol or product source names this exact token. No configuration decoding or read-only execution simulation was performed.
Source-described use: Deposit this exact mint into its configured Nest collateral market and mint the nUSD stablecoin against it.
Open MSTR token report · Open backpack-securities issuer dossier
MSTRdWXMeZxdE8osAQy3fA4rvTY5rgummDSMEx6U7Nz| Role | Address | Existence check | Expected owner | Observed program owner |
|---|---|---|---|---|
| collateral-config | JADC7gsPvF62QaHBtLuMadDcVXXtvVjeeuHhsyM6fJdZ | exists | Not established | HxbLPNuQD7KKDVQoSQgY1cLMLrsaoseT65Xoczh7zHQW |
| collateral-vault | 7wWtZmPpwQuvSuEF8mKuaKubACLcxFY5G5uYRSpZSP9Y | exists | Not established | TokenzQdBNbLqP5VEhdkAS6EPFLC1PHnBqCXEpPxuEb |
The current source data records observed owners, not a separately published expected-owner assertion; where no such assertion exists, it remains not established. Account existence and owner corroborate the published reference but do not independently decode configuration or prove a user action can succeed.
JADC7gsPvF62QaHBtLuMadDcVXXtvVjeeuHhsyM6fJdZThe lender can seize the token, not the trust claim
The lending contract can transfer or sell the on-chain balance if transfers are open. The trustee recognises Trek Forge, not the wallet holder, so the lender obtains no direct redemption, distribution or enforcement right merely by taking the token; ordinary exit requires a market buyer or a KYC-eligible Backpack account.
Issuer intervention is technically possible
The permanent delegate can remove or burn tokens from any token account and the mint can be paused. That may permit recovery after a hack, but no reviewed term obliges the issuer to act for the protocol, and the same power means protocol custody is not final.
Recovery depends on the issuer
A permanent delegate can technically extract or burn a balance stranded in an inaccessible program account. Whether Backpack would recognise the claimant and reissue or credit the position is discretionary and not a protocol-enforceable remedy.
These are issuer-plus-control-recipe conclusions from the matched legal template — not protocol simulation results.
Conditional market exit — The lender can use a checked on-chain sale route, but issuer controls, transfer conditions, or thin liquidity may prevent full realisation.