{"query":{"project":"borro-markets","mode":"browse","limit":50},"items":[{"id":"source:478bc3f3-46ac-4193-acff-c70332b13ed9:added","revision":1,"op":"upsert","type":"research.source_added","domain":"research","origin":"live","project":{"slug":"borro-markets","name":"Borro.Markets","url":"https://heyresearch.xyz/project/borro-markets"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-11-13T01:13:01.915Z","recordedAt":"2026-11-13T02:25:01.675Z","summary":"Official source added: GitHub repo","evidence":[{"id":"source:478bc3f3-46ac-4193-acff-c70332b13ed9","url":"https://github.com/BorroMarkets/borro-live","label":"GitHub repo"}],"source":"github-search","facts":{"sourceType":"GITHUB_REPO"},"links":{"project":"https://heyresearch.xyz/project/borro-markets","evidence":"https://heyresearch.xyz/api/evidence/source%3A478bc3f3-46ac-4193-acff-c70332b13ed9","timeline":"https://heyresearch.xyz/api/projects/borro-markets/timeline"}},{"id":"ship:21ee6548-2a7f-42ae-b3a2-7d292e262629","revision":4,"op":"upsert","type":"build.code_activity","domain":"build","origin":"live","project":{"slug":"borro-markets","name":"Borro.Markets","url":"https://heyresearch.xyz/project/borro-markets"},"occurredAt":"2026-11-12T16:42:56.000Z","precision":"WEEK","detectedAt":"2026-11-13T01:21:18.460Z","recordedAt":"2026-11-13T02:25:08.429Z","summary":"Code changes, week of 2026-11-09 – 2026-11-15","evidence":[{"id":"ship:21ee6548-2a7f-42ae-b3a2-7d292e262629","url":"https://github.com/borromarkets/borro-live","label":"GitHub"}],"source":"github","countsAsBuilding":true,"facts":{"eventType":"CODE_ACTIVITY","commitsRead":1,"verification":"SOURCE_LINKED","codeSubstance":"SUBSTANTIVE","commitsListed":3,"commitsNotRead":2,"commitsChangedCode":1,"codeSubstanceVersion":"commit-substance-v5","commitsSubstanceUnknown":0,"commitsDocumentationOrMaintenance":0},"links":{"project":"https://heyresearch.xyz/project/borro-markets","evidence":"https://heyresearch.xyz/api/evidence/ship%3A21ee6548-2a7f-42ae-b3a2-7d292e262629","timeline":"https://heyresearch.xyz/api/projects/borro-markets/timeline"},"summaryCurrent":"Code changes, week starting 2026-11-09 (to 2026-11-13)"},{"id":"sourcechange:46191702-83fa-4384-873a-8a900ff767a6","revision":1,"op":"upsert","type":"research.source_changed","domain":"research","origin":"live","project":{"slug":"borro-markets","name":"Borro.Markets","url":"https://heyresearch.xyz/project/borro-markets"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-11-11T19:09:58.014Z","recordedAt":"2026-11-11T19:10:08.839Z","summary":"Official API description changed: 3 operations added, 0 removed","evidence":[{"id":"sourcechange:46191702-83fa-4384-873a-8a900ff767a6","url":"https://borro.markets/openapi.json","label":"Official site"}],"source":"official_site","facts":{"kind":"OPENAPI_SURFACE","added":3,"removed":0,"previousReadAt":"2026-11-04T19:01:04.654Z"},"links":{"project":"https://heyresearch.xyz/project/borro-markets","evidence":"https://heyresearch.xyz/api/evidence/sourcechange%3A46191702-83fa-4384-873a-8a900ff767a6","timeline":"https://heyresearch.xyz/api/projects/borro-markets/timeline"}},{"id":"signal:c0761c7b-4170-4a98-8a5e-130be54e0108","revision":1,"op":"upsert","type":"market.liquidity_moved","domain":"market","origin":"live","project":{"slug":"borro-markets","name":"Borro.Markets","url":"https://heyresearch.xyz/project/borro-markets"},"occurredAt":"2026-11-11T06:09:13.068Z","precision":"WINDOW","detectedAt":"2026-11-11T06:09:15.350Z","recordedAt":"2026-11-11T06:10:03.150Z","summary":"Liquidity $109K → $58K in a week","before":109053.07,"after":58003.49,"evidence":[{"id":"signal:c0761c7b-4170-4a98-8a5e-130be54e0108","label":"HEY Signal"},{"id":"signal:c0761c7b-4170-4a98-8a5e-130be54e0108","url":"https://heyresearch.xyz/project/borro-markets/market#history","label":"Liquidity, day by day"}],"source":"hey_signal","facts":{"kind":"liquidity_drop","unit":"usd","detail":"Down 47% between 2026-11-04 and 2026-11-11, as DEX Screener read the pool. A fact HEY measured, not a verdict on why.","changePct":-46.8},"links":{"project":"https://heyresearch.xyz/project/borro-markets","evidence":"https://heyresearch.xyz/api/evidence/signal%3Ac0761c7b-4170-4a98-8a5e-130be54e0108","timeline":"https://heyresearch.xyz/api/projects/borro-markets/timeline"}},{"id":"integrity:67151380-de64-4987-93bd-4faa087d0a1d:activity:2026-10-10","revision":1,"op":"upsert","type":"market_integrity.event","domain":"market_integrity","origin":"live","project":{"slug":"borro-markets","name":"Borro.Markets","url":"https://heyresearch.xyz/project/borro-markets"},"token":{"chainId":4663,"address":"0x89b76dcdda801f2e456765742c64950eb2a0c93c"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-11-11T00:53:43.162Z","recordedAt":"2026-11-11T00:55:03.216Z","summary":"Trading fell from 2,541 trades a day (the seven days to 2026-10-10) to 247 a day in the seven days to 2026-11-11, in HEY's decoded on-chain trades.","evidence":[{"id":"integrity:67151380-de64-4987-93bd-4faa087d0a1d:activity:2026-10-10","label":"HEY market index"}],"source":"hey_market_index","facts":{"kind":"MARKET_ACTIVITY_COLLAPSE","changePct":-90.29,"confidence":"medium","peakWeekEnd":"2026-10-10","recentWeekEnd":"2026-11-11","peakTradesPerDay":2541,"recentTradesPerDay":246.7},"links":{"project":"https://heyresearch.xyz/project/borro-markets","evidence":"https://heyresearch.xyz/api/evidence/integrity%3A67151380-de64-4987-93bd-4faa087d0a1d%3Aactivity%3A2026-10-10","timeline":"https://heyresearch.xyz/api/projects/borro-markets/timeline"},"summaryCurrent":"Trading was 247 trades a day in the seven days to 2026-11-11, down from 2,541 a day at its peak in the seven days to 2026-10-10 (32 days earlier), in HEY's decoded on-chain trades."},{"id":"narrative:021ca878-9f0d-4823-bc1f-a9c4989407a5:perps","revision":1,"op":"upsert","type":"research.narrative_assigned","domain":"research","origin":"live","project":{"slug":"borro-markets","name":"Borro.Markets","url":"https://heyresearch.xyz/project/borro-markets"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-10-29T00:07:11.928Z","recordedAt":"2026-10-29T00:10:01.959Z","summary":"Narrative: Perps","evidence":[{"id":"narrative:021ca878-9f0d-4823-bc1f-a9c4989407a5:perps","url":"https://heyresearch.xyz/narrative/perps","label":"Narrative"}],"source":"hey_rules","facts":{"primary":false,"narrative":"perps"},"links":{"project":"https://heyresearch.xyz/project/borro-markets","evidence":"https://heyresearch.xyz/api/evidence/narrative%3A021ca878-9f0d-4823-bc1f-a9c4989407a5%3Aperps","timeline":"https://heyresearch.xyz/api/projects/borro-markets/timeline"}},{"id":"narrative:021ca878-9f0d-4823-bc1f-a9c4989407a5:lending","revision":1,"op":"upsert","type":"research.narrative_assigned","domain":"research","origin":"live","project":{"slug":"borro-markets","name":"Borro.Markets","url":"https://heyresearch.xyz/project/borro-markets"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-10-29T00:07:11.928Z","recordedAt":"2026-10-29T00:10:01.959Z","summary":"Primary narrative: Lending","evidence":[{"id":"narrative:021ca878-9f0d-4823-bc1f-a9c4989407a5:lending","url":"https://heyresearch.xyz/narrative/lending","label":"Narrative"}],"source":"hey_rules","facts":{"primary":true,"narrative":"lending"},"links":{"project":"https://heyresearch.xyz/project/borro-markets","evidence":"https://heyresearch.xyz/api/evidence/narrative%3A021ca878-9f0d-4823-bc1f-a9c4989407a5%3Alending","timeline":"https://heyresearch.xyz/api/projects/borro-markets/timeline"}},{"id":"state:021ca878-9f0d-4823-bc1f-a9c4989407a5:catalog_status:39116","revision":1,"op":"upsert","type":"research.builder_verified","domain":"research","origin":"live","project":{"slug":"borro-markets","name":"Borro.Markets","url":"https://heyresearch.xyz/project/borro-markets"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-10-28T19:14:36.459Z","recordedAt":"2026-10-28T19:15:01.984Z","summary":"Research standing moved from Published to Verified builder","before":"QUALIFIED","after":"VERIFIED_BUILDER","evidence":[{"id":"state:021ca878-9f0d-4823-bc1f-a9c4989407a5:catalog_status:39116","label":"HEY state record"}],"source":"hey_state","annotations":{"signalIds":["signal:838c9bbd-5098-4452-8249-4f753391183d"]},"facts":{"key":"catalog_status","scoringVersion":"hbm-v32"},"links":{"project":"https://heyresearch.xyz/project/borro-markets","evidence":"https://heyresearch.xyz/api/evidence/state%3A021ca878-9f0d-4823-bc1f-a9c4989407a5%3Acatalog_status%3A39116","timeline":"https://heyresearch.xyz/api/projects/borro-markets/timeline"}},{"id":"source:cbfa43cb-023e-417b-9d5a-72433afe6f6f:added","revision":1,"op":"upsert","type":"research.source_added","domain":"research","origin":"live","project":{"slug":"borro-markets","name":"Borro.Markets","url":"https://heyresearch.xyz/project/borro-markets"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-10-28T18:05:05.607Z","recordedAt":"2026-10-28T18:10:03.032Z","summary":"Official source added: docs","evidence":[{"id":"source:cbfa43cb-023e-417b-9d5a-72433afe6f6f","url":"https://borro.markets/openapi.json","label":"Docs"}],"source":"site_llms_txt","facts":{"sourceType":"DOCS"},"links":{"project":"https://heyresearch.xyz/project/borro-markets","evidence":"https://heyresearch.xyz/api/evidence/source%3Acbfa43cb-023e-417b-9d5a-72433afe6f6f","timeline":"https://heyresearch.xyz/api/projects/borro-markets/timeline"}},{"id":"source:83ebc417-dc7e-480d-80f5-9212519d7ed8:added","revision":1,"op":"upsert","type":"research.source_added","domain":"research","origin":"live","project":{"slug":"borro-markets","name":"Borro.Markets","url":"https://heyresearch.xyz/project/borro-markets"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-10-28T18:04:14.597Z","recordedAt":"2026-10-28T18:05:02.935Z","summary":"Official source added: docs","evidence":[{"id":"source:83ebc417-dc7e-480d-80f5-9212519d7ed8","url":"https://borro.markets/developers","label":"Docs"}],"source":"site_llms_txt","facts":{"sourceType":"DOCS"},"links":{"project":"https://heyresearch.xyz/project/borro-markets","evidence":"https://heyresearch.xyz/api/evidence/source%3A83ebc417-dc7e-480d-80f5-9212519d7ed8","timeline":"https://heyresearch.xyz/api/projects/borro-markets/timeline"}},{"id":"signal:ba705ba3-018b-4ca0-b1d8-e5838a8eac77","revision":1,"op":"upsert","type":"market.liquidity_moved","domain":"market","origin":"live","project":{"slug":"borro-markets","name":"Borro.Markets","url":"https://heyresearch.xyz/project/borro-markets"},"occurredAt":"2026-10-28T12:08:40.424Z","precision":"WINDOW","detectedAt":"2026-10-28T12:08:43.625Z","recordedAt":"2026-10-28T12:10:00.516Z","summary":"Liquidity $89K → $129K in a week","before":88608.62,"after":128618.45,"evidence":[{"id":"signal:ba705ba3-018b-4ca0-b1d8-e5838a8eac77","label":"HEY Signal"},{"id":"signal:ba705ba3-018b-4ca0-b1d8-e5838a8eac77","url":"https://heyresearch.xyz/project/borro-markets/market#history","label":"Liquidity, day by day"}],"source":"hey_signal","facts":{"kind":"liquidity_rise","unit":"usd","detail":"Up 45% between 2026-10-21 and 2026-10-28, as DEX Screener read the pool.","changePct":45.2},"links":{"project":"https://heyresearch.xyz/project/borro-markets","evidence":"https://heyresearch.xyz/api/evidence/signal%3Aba705ba3-018b-4ca0-b1d8-e5838a8eac77","timeline":"https://heyresearch.xyz/api/projects/borro-markets/timeline"}},{"id":"state:021ca878-9f0d-4823-bc1f-a9c4989407a5:verification:38639","revision":1,"op":"upsert","type":"token.verification_changed","domain":"token","origin":"live","project":{"slug":"borro-markets","name":"Borro.Markets","url":"https://heyresearch.xyz/project/borro-markets"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-10-28T00:15:56.663Z","recordedAt":"2026-10-28T00:20:01.717Z","summary":"Token verification moved from Unverified to Verified","before":"UNVERIFIED","after":"VERIFIED","evidence":[{"id":"state:021ca878-9f0d-4823-bc1f-a9c4989407a5:verification:38639","label":"HEY state record"}],"source":"hey_state","annotations":{"signalIds":["signal:99815bb9-3e66-433d-bb3d-2382c782ae8b"]},"facts":{"key":"verification","scoringVersion":"hbm-v32"},"links":{"project":"https://heyresearch.xyz/project/borro-markets","evidence":"https://heyresearch.xyz/api/evidence/state%3A021ca878-9f0d-4823-bc1f-a9c4989407a5%3Averification%3A38639","timeline":"https://heyresearch.xyz/api/projects/borro-markets/timeline"}},{"id":"signal:335576c7-c960-4769-a4e0-6251d742f9da","revision":1,"op":"upsert","type":"market.distribution_changed","domain":"market","origin":"live","project":{"slug":"borro-markets","name":"Borro.Markets","url":"https://heyresearch.xyz/project/borro-markets"},"occurredAt":"2026-10-19T01:19:25.008Z","precision":"WINDOW","detectedAt":"2026-10-19T01:19:30.217Z","recordedAt":"2026-10-19T01:20:00.057Z","summary":"Outside pools, lockers and burns, 18 addresses now hold half of the remaining supply","before":21,"after":18,"evidence":[{"id":"signal:335576c7-c960-4769-a4e0-6251d742f9da","label":"HEY Signal"},{"id":"signal:335576c7-c960-4769-a4e0-6251d742f9da","url":"https://heyresearch.xyz/project/borro-markets","label":"Distribution"}],"source":"hey_signal","facts":{"kind":"concentration_rose","unit":"addresses","detail":"Down from 21. The count and the supply it is measured against both exclude pools, lockers and burn addresses."},"links":{"project":"https://heyresearch.xyz/project/borro-markets","evidence":"https://heyresearch.xyz/api/evidence/signal%3A335576c7-c960-4769-a4e0-6251d742f9da","timeline":"https://heyresearch.xyz/api/projects/borro-markets/timeline"}},{"id":"ship:9ce89066-b824-4082-8082-34dd72918a12","revision":4,"op":"upsert","type":"build.code_activity","domain":"build","origin":"backfill","project":{"slug":"borro-markets","name":"Borro.Markets","url":"https://heyresearch.xyz/project/borro-markets"},"occurredAt":"2026-10-17T13:00:02.000Z","precision":"WEEK","detectedAt":"2026-10-18T04:18:35.630Z","recordedAt":"2026-10-28T19:05:01.099Z","summary":"Code changes, week of 2026-10-12 – 2026-10-18","evidence":[{"id":"ship:9ce89066-b824-4082-8082-34dd72918a12","url":"https://github.com/borro-markets/contracts","label":"GitHub"}],"source":"github","countsAsBuilding":true,"facts":{"eventType":"CODE_ACTIVITY","commitsRead":1,"verification":"SOURCE_LINKED","codeSubstance":"SUBSTANTIVE","commitsListed":2,"commitsNotRead":1,"commitsChangedCode":1,"codeSubstanceVersion":"commit-substance-v4","commitsSubstanceUnknown":0,"commitsDocumentationOrMaintenance":0},"links":{"project":"https://heyresearch.xyz/project/borro-markets","evidence":"https://heyresearch.xyz/api/evidence/ship%3A9ce89066-b824-4082-8082-34dd72918a12","timeline":"https://heyresearch.xyz/api/projects/borro-markets/timeline"}},{"id":"source:c8416d27-970e-4192-9928-07f1a42d9ad7:added","revision":3,"op":"upsert","type":"research.source_added","domain":"research","origin":"backfill","project":{"slug":"borro-markets","name":"Borro.Markets","url":"https://heyresearch.xyz/project/borro-markets"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-10-18T04:08:21.642Z","recordedAt":"2026-10-28T19:05:01.099Z","summary":"Official source added: GitHub repo","evidence":[{"id":"source:c8416d27-970e-4192-9928-07f1a42d9ad7","url":"https://github.com/Borro-Markets/contracts","label":"GitHub repo"}],"source":"github-search","facts":{"sourceType":"GITHUB_REPO"},"links":{"project":"https://heyresearch.xyz/project/borro-markets","evidence":"https://heyresearch.xyz/api/evidence/source%3Ac8416d27-970e-4192-9928-07f1a42d9ad7","timeline":"https://heyresearch.xyz/api/projects/borro-markets/timeline"}},{"id":"source:dd3b1d43-c618-4c33-8756-482bd2ead526:added","revision":1,"op":"upsert","type":"research.source_added","domain":"research","origin":"backfill","project":{"slug":"borro-markets","name":"Borro.Markets","url":"https://heyresearch.xyz/project/borro-markets"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-10-17T00:12:38.107Z","recordedAt":"2026-10-28T19:05:01.099Z","summary":"Official source added: GitHub org","evidence":[{"id":"source:dd3b1d43-c618-4c33-8756-482bd2ead526","url":"https://github.com/Borro-Markets","label":"GitHub org"}],"source":"defillama:borro","facts":{"sourceType":"GITHUB_ORG"},"links":{"project":"https://heyresearch.xyz/project/borro-markets","evidence":"https://heyresearch.xyz/api/evidence/source%3Add3b1d43-c618-4c33-8756-482bd2ead526","timeline":"https://heyresearch.xyz/api/projects/borro-markets/timeline"}},{"id":"signal:ea62063f-85c1-4a19-b2f8-53ca6dfad3df","revision":1,"op":"upsert","type":"market.liquidity_moved","domain":"market","origin":"live","project":{"slug":"borro-markets","name":"Borro.Markets","url":"https://heyresearch.xyz/project/borro-markets"},"occurredAt":"2026-10-16T06:13:30.320Z","precision":"WINDOW","detectedAt":"2026-10-16T06:13:32.396Z","recordedAt":"2026-10-16T06:15:02.946Z","summary":"Liquidity $62K → $126K in a week","before":62337.37,"after":126196.48,"evidence":[{"id":"signal:ea62063f-85c1-4a19-b2f8-53ca6dfad3df","label":"HEY Signal"},{"id":"signal:ea62063f-85c1-4a19-b2f8-53ca6dfad3df","url":"https://heyresearch.xyz/project/borro-markets/market#history","label":"Liquidity, day by day"}],"source":"hey_signal","facts":{"kind":"liquidity_rise","unit":"usd","detail":"Up 102% between 2026-10-09 and 2026-10-16, as DEX Screener read the pool.","changePct":102.4},"links":{"project":"https://heyresearch.xyz/project/borro-markets","evidence":"https://heyresearch.xyz/api/evidence/signal%3Aea62063f-85c1-4a19-b2f8-53ca6dfad3df","timeline":"https://heyresearch.xyz/api/projects/borro-markets/timeline"}},{"id":"state:021ca878-9f0d-4823-bc1f-a9c4989407a5:catalog_status:24966","revision":1,"op":"upsert","type":"research.published","domain":"research","origin":"live","project":{"slug":"borro-markets","name":"Borro.Markets","url":"https://heyresearch.xyz/project/borro-markets"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-10-09T01:13:25.572Z","recordedAt":"2026-10-09T01:15:40.731Z","summary":"Project page published","before":null,"after":"QUALIFIED","evidence":[{"id":"state:021ca878-9f0d-4823-bc1f-a9c4989407a5:catalog_status:24966","label":"HEY state record"}],"source":"hey_state","facts":{"key":"catalog_status","scoringVersion":"hbm-v25"},"links":{"project":"https://heyresearch.xyz/project/borro-markets","evidence":"https://heyresearch.xyz/api/evidence/state%3A021ca878-9f0d-4823-bc1f-a9c4989407a5%3Acatalog_status%3A24966","timeline":"https://heyresearch.xyz/api/projects/borro-markets/timeline"}},{"id":"narrative:021ca878-9f0d-4823-bc1f-a9c4989407a5:stockfi","revision":2,"op":"upsert","type":"research.narrative_assigned","domain":"research","origin":"live","project":{"slug":"borro-markets","name":"Borro.Markets","url":"https://heyresearch.xyz/project/borro-markets"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-10-09T01:09:50.525Z","recordedAt":"2026-10-29T00:10:01.959Z","summary":"Narrative: StockFi","evidence":[{"id":"narrative:021ca878-9f0d-4823-bc1f-a9c4989407a5:stockfi","url":"https://heyresearch.xyz/narrative/stockfi","label":"Narrative"}],"source":"hey_rules","facts":{"primary":false,"narrative":"stockfi"},"links":{"project":"https://heyresearch.xyz/project/borro-markets","evidence":"https://heyresearch.xyz/api/evidence/narrative%3A021ca878-9f0d-4823-bc1f-a9c4989407a5%3Astockfi","timeline":"https://heyresearch.xyz/api/projects/borro-markets/timeline"}},{"id":"source:74edf285-f197-4a9e-8967-bdd523891622:added","revision":1,"op":"upsert","type":"research.source_added","domain":"research","origin":"live","project":{"slug":"borro-markets","name":"Borro.Markets","url":"https://heyresearch.xyz/project/borro-markets"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-10-08T14:20:57.057Z","recordedAt":"2026-10-09T00:20:04.817Z","summary":"Official source added: x","evidence":[{"id":"source:74edf285-f197-4a9e-8967-bdd523891622","url":"https://x.com/Borromarkets","label":"X"}],"source":"hey_research","facts":{"sourceType":"X"},"links":{"project":"https://heyresearch.xyz/project/borro-markets","evidence":"https://heyresearch.xyz/api/evidence/source%3A74edf285-f197-4a9e-8967-bdd523891622","timeline":"https://heyresearch.xyz/api/projects/borro-markets/timeline"}},{"id":"source:5522eb11-13a3-4096-83e1-296686775cf1:added","revision":1,"op":"upsert","type":"research.source_added","domain":"research","origin":"backfill","project":{"slug":"borro-markets","name":"Borro.Markets","url":"https://heyresearch.xyz/project/borro-markets"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-10-08T14:20:57.050Z","recordedAt":"2026-10-28T00:50:02.697Z","summary":"Official source added: website","evidence":[{"id":"source:5522eb11-13a3-4096-83e1-296686775cf1","url":"https://borro.markets/","label":"Website"}],"source":"hey_research","facts":{"sourceType":"WEBSITE"},"links":{"project":"https://heyresearch.xyz/project/borro-markets","evidence":"https://heyresearch.xyz/api/evidence/source%3A5522eb11-13a3-4096-83e1-296686775cf1","timeline":"https://heyresearch.xyz/api/projects/borro-markets/timeline"}}],"nextCursor":null,"hasMore":false,"ledger":{"collectionStart":"2026-09-26T11:35:57.227Z","transitionsFrom":"2026-09-26T11:32:48.791Z","newestRecordedAt":"2026-11-13T03:05:07.089Z","projectorRanAt":"2026-11-13T03:05:23.982Z"},"disclaimer":"Public, source-backed activity HEY recorded. Still Building means counted ships during a market drawdown HEY itself tracked — it is not a prediction, not a ranking by price, and not investment advice. Few projects meet Still Building or Under the Radar at any time; both are strict by design, and list responses carry the counts."}