{"summary":{"version":"summary-v1","lines":[{"dimension":"build","label":"Build","tag":"UNKNOWN","text":"Not measured — builder sources stopped answering: HEY holds no repository, changelog or feed it can read, so no count here is a measured zero.","evidence":[],"basis":"not_held","detailUrl":"https://heyresearch.xyz/api/projects/phera/timeline","freshness":"unknown","reason":"no_builder_source","answer":"Not measured — builder sources stopped answering","significance":{"text":"The first contract deployment HEY has recorded for this project.","about":"ship:bc795708-5e33-49a3-95fb-3a677641d4eb","receiptUrl":"https://heyresearch.xyz/api/evidence/ship%3Abc795708-5e33-49a3-95fb-3a677641d4eb"}},{"dimension":"usage","label":"Product usage","tag":"FACT","text":"1 of 1 watched contract active · 5 calls in 7 days — all token transfers and approvals (ERC-20), which trading alone produces; none reached another function HEY watches.","evidence":[],"basis":"usage_reading","detailUrl":"https://heyresearch.xyz/api/projects/phera/usage","observedAt":"2026-11-15T01:52:16.975Z","freshness":"fresh"},{"dimension":"market","label":"Market","tag":"DERIVED","text":"Trading inactive: HEY holds a valuation and does not publish it while the market is not live.","evidence":[],"basis":"rule_output","detailUrl":"https://heyresearch.xyz/api/projects/phera/market","observedAt":"2026-11-15T18:11:12.936Z","freshness":"fresh","reason":"launch_pool_no_trades"},{"dimension":"contract","label":"Contracts","tag":"FACT","text":"2 contracts on record for code changes, 2 with published source code; latest change on 2026-09-07: Deployed a new contract: LiquidityLock.","evidence":[{"id":"ship:bc795708-5e33-49a3-95fb-3a677641d4eb","label":"Explorer","url":"https://robinhoodchain.blockscout.com/address/0xe1cdc40bc6625854fee3d9dba817be005a707065","receiptUrl":"https://heyresearch.xyz/api/evidence/ship%3Abc795708-5e33-49a3-95fb-3a677641d4eb"}],"basis":"registry_record","detailUrl":"https://heyresearch.xyz/api/projects/phera/contracts","observedAt":"2026-11-15T10:10:14.775Z","freshness":"fresh"},{"dimension":"fundamentals","label":"Fundamentals","tag":"FACT","text":"Phera DEX: TVL $283 · fees 24h not tracked · revenue 24h not tracked (DefiLlama, 2026-11-15); +1 more protocol. Registry context, not a measure of building.","evidence":[],"basis":"canonical_read","detailUrl":"https://heyresearch.xyz/api/projects/phera/snapshot","observedAt":"2026-11-15T00:00:00.000Z","freshness":"fresh"},{"dimension":"latestChange","label":"Latest change","tag":"FACT","text":"On 2026-09-23: Verified contract source published: PheraToken.","evidence":[{"id":"ship:cb4f95c8-78eb-4f76-858e-25a5c08ddd56","label":"Explorer","url":"https://robinhoodchain.blockscout.com/address/0x9d4a92aa4cd18c75316070bf60c34de1cab99999?tab=contract","receiptUrl":"https://heyresearch.xyz/api/evidence/ship%3Acb4f95c8-78eb-4f76-858e-25a5c08ddd56"}],"basis":"evidence_record","detailUrl":"https://heyresearch.xyz/api/changes?project=phera","observedAt":"2026-09-23T16:05:15.854Z","freshness":"fresh","change":{"version":"change-explain-v1","eventId":"ship:cb4f95c8-78eb-4f76-858e-25a5c08ddd56","type":"contract.deployed","evidenceId":"ship:cb4f95c8-78eb-4f76-858e-25a5c08ddd56","what":"Verified contract source published: PheraToken","headline":"Contract source verification, read from the explorer · not a deployment","capability":{"named":null,"basis":"not_held","text":"The source the explorer publishes names no capability."},"stage":{"observed":"source_verification","basis":"ship_type","notObserved":[],"text":"The explorer shows the contract’s source as verified (or no longer verified). This is not a deployment."},"reportedBy":{"kind":"explorer_record","text":"Read from the explorer."},"corroboration":{"state":"corroborated","by":[{"kind":"explorer_record","evidenceId":"ship:cb4f95c8-78eb-4f76-858e-25a5c08ddd56"}],"text":"Independently recorded: HEY read it from the explorer, not from the team."},"releaseDeployment":{"state":"not_applicable","contracts":[],"evidence":[],"text":"Not a release or a deployment."},"activity":{"ownFunctionCalls":0,"tokenStandardCalls":5,"success":"not_measured","state":"MEASURED","scope":"contract","contract":{"chainId":4663,"address":"0x9d4a92aa4cd18c75316070bf60c34de1cab99999","role":"token","shared":false},"window":{"from":"2026-11-08","to":"2026-11-14","days":7,"daysCovered":7},"text":"0x9d4a…9999 (the project’s token): only token transfers and approvals (5 ERC-20 calls) and no call to its other functions in 7 days to 2026-11-14. Token transfers are not product activity. Whether calls succeeded is not measured. Calls come from addresses, not people.","aroundUrl":"https://heyresearch.xyz/api/projects/phera/around/ship%3Acb4f95c8-78eb-4f76-858e-25a5c08ddd56"},"time":{"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-09-23T16:05:15.854Z","recordedAt":"2026-11-03T13:15:03.476Z","origin":"bootstrap","basis":"observed_by_hey","lateIndexed":true,"text":"No source dates it: HEY first saw it on 2026-09-23. HEY indexed it later, as history."},"standing":{"state":"standing","withdrawnEvidence":[]},"evidence":[{"id":"ship:cb4f95c8-78eb-4f76-858e-25a5c08ddd56","receiptUrl":"https://heyresearch.xyz/api/evidence/ship%3Acb4f95c8-78eb-4f76-858e-25a5c08ddd56"}],"unknowns":[{"code":"capability_not_named","text":"No source HEY holds names what this change does."},{"code":"occurred_at_unknown","text":"No source dates it; when it happened is not known."},{"code":"success_not_measured","text":"Whether calls succeeded is not measured: failed transactions are not read."}],"limit":"A contract record says what the chain shows about a contract. It is not a safety check, and it does not say who runs the contract.","explainUrl":"https://heyresearch.xyz/api/projects/phera/explain?fact=build.change&event=ship%3Acb4f95c8-78eb-4f76-858e-25a5c08ddd56"}},{"dimension":"unknown","label":"Not yet known","tag":"UNKNOWN","text":"5 gaps: Building activity (source unavailable), Repositories (no source), Releases (source unavailable), +2 more. Every builder source HEY holds has stopped answering.","evidence":[],"basis":"coverage_state","detailUrl":"https://heyresearch.xyz/api/projects/phera/coverage","freshness":"unknown","reason":"every_builder_source_unavailable"}],"computedAt":"2026-11-15T19:00:30.071Z"},"identity":{"slug":"phera","name":"PHERA","symbol":"phera","projectKind":"OTHER","researchLevel":"RESEARCHED","catalogStatus":"QUALIFIED","chainEvidence":true,"integrationRecord":false,"primaryNarrative":{"slug":"dex","name":"DEX"},"token":{"chainId":4663,"contractAddress":"0x9d4a92aa4cd18c75316070bf60c34de1cab99999"},"websiteUrl":"https://phera.pro","officialX":{"handle":"PheraProtocol","url":"https://x.com/PheraProtocol","status":"ACTIVE","checkedAt":"2026-11-15T02:20:46.679Z","linkHeld":null,"corroboration":"mutual_site_link","corroborationCheckedAt":"2026-11-15T02:20:46.679Z","foundByHey":false},"firstRecordedByHeyAt":"2026-09-09T02:06:39.308Z","url":"https://heyresearch.xyz/project/phera"},"build":{"activityStatus":"UNKNOWN","activityMeasured":false,"lastShippedAt":"2026-09-07T16:36:41.000Z","stillBuilding":false,"stillBuildingState":"NOT_MEASURED","stillBuildingWithheld":"market_not_live","discoveryGapWithheld":"market_not_live","underTheRadar":{"state":"NOT_MEASURED","reason":"market_not_live","explainUrl":"https://heyresearch.xyz/api/projects/phera/explain?fact=discovery_gap"},"velocity":{"state":"NOT_MEASURED","current":null,"previous":null,"windowDays":30},"cadence":{"state":"INSUFFICIENT_RELEASES"},"hasBuilderSource":false,"builderSourcesUnavailable":{"since":"2026-10-18T12:15:15.656Z","sourceCount":1,"line":"HEY cannot read this project’s building: its builder source stopped answering on 18 Oct 2026."}},"market":{"valuationWithheld":"launch_pool_no_trades","liquidity":{"usd":1639.9012,"source":"geckoterminal","observedAt":"2026-11-15T05:36:26.846Z","kind":"launch_inventory"},"tokenMarket":{"status":"TRADING_INACTIVE","reason":"launch_pool_no_trades","label":"Trading inactive"},"launchStage":"DEX","promotion":{"entries":[{"kind":"MARKET_PROMOTION_OBSERVED","channel":"boost_order","channelLabel":"Boost","providerAt":"2026-09-07T18:53:31.329Z","firstObservedAt":"2026-09-27T03:27:55.218Z","lastObservedAt":"2026-11-15T11:25:01.965Z","source":"dexscreener"},{"kind":"MARKET_PROMOTION_OBSERVED","channel":"token_profile_order","channelLabel":"Enhanced token profile","providerAt":"2026-09-07T18:52:37.697Z","firstObservedAt":"2026-09-27T03:27:55.218Z","lastObservedAt":"2026-11-15T11:25:01.965Z","source":"dexscreener"}],"total":2,"contextOnly":true},"url":"https://heyresearch.xyz/api/projects/phera/market"},"onchain":{"events24h":1,"eventsDay":"2026-11-14","events7d":2,"events7dDays":2,"events7dFromDay":"2026-11-10","events7dToDay":"2026-11-14","calls24h":4,"daysCovered":2,"daysMeasured":2,"observedAt":"2026-11-15T18:11:07.590Z"},"protocolEconomics":{"protocols":[{"protocol":"phera-dex","protocolName":"Phera DEX","category":"Dexs","tvlUsd":283.023221,"tvlDay":"2026-11-15","matchedBy":"website","fees24h":{"state":"NOT_TRACKED"},"revenue24h":{"state":"NOT_TRACKED"},"dexVolume24h":{"state":"NOT_TRACKED"},"economicsDay":"2026-11-15","auditLinks":[],"methodologyUrl":"https://github.com/DefiLlama/DefiLlama-Adapters/blob/main/registries/uniswapV3.js","parentProtocol":"phera"},{"protocol":"phera-dex-launchpad","protocolName":"Phera DEX 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audit shows an audit took place; it is not a guarantee of safety.","contextOnly":true},"peerContext":{"rulesVersion":"peers-v2","state":"NO_COHORT","reason":"kind_not_classified","computedAt":"2026-11-15T02:05:02.064Z","freshness":{"state":"CURRENT","asOf":"2026-11-15T02:05:02.064Z","staleAfterHours":36},"cohort":null,"minimums":{"median":8,"percentile":20},"dimensions":[],"methodology":"https://heyresearch.xyz/methodology#peers"},"contracts":{"url":"https://heyresearch.xyz/api/projects/phera/contracts"},"verification":{"token":{"status":"VERIFIED","reason":"site_names_contract","verifiedAt":"2026-11-15T09:05:57.430Z"},"ownerVerified":false,"submitted":false,"sources":{"total":5,"own":5,"verified":1,"contextOnly":0}},"locks":{"coverage":{"state":"MEASURED","asOf":"2026-11-15T18:40:03.724Z","reason":"hoodlock_only_none_found"}},"integrity":{"state":"MEASURED","reason":"published"},"latestChanges":{"available":true,"items":[{"id":"state:251e3fe5-0ff2-4be3-9024-9f99a3327598:verification:48229","revision":1,"op":"upsert","type":"token.verification_changed","domain":"token","occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-11-15T09:11:12.629Z","recordedAt":"2026-11-15T09:15:02.776Z","summary":"Token verification moved from Unverified to Verified","evidence":[{"id":"state:251e3fe5-0ff2-4be3-9024-9f99a3327598:verification:48229","label":"HEY state record"}],"source":"hey_state"},{"id":"state:251e3fe5-0ff2-4be3-9024-9f99a3327598:market_status:48175","revision":1,"op":"upsert","type":"market.status_changed","domain":"market","occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-11-15T06:13:17.143Z","recordedAt":"2026-11-15T06:15:02.221Z","summary":"Token market moved from Low liquidity to Trading inactive","evidence":[{"id":"state:251e3fe5-0ff2-4be3-9024-9f99a3327598:market_status:48175","label":"HEY state record"}],"source":"hey_state"},{"id":"state:251e3fe5-0ff2-4be3-9024-9f99a3327598:market_status:47706","revision":1,"op":"upsert","type":"market.status_changed","domain":"market","occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-11-14T06:14:28.748Z","recordedAt":"2026-11-14T06:15:03.771Z","summary":"Token market moved from Trading inactive to Low liquidity","evidence":[{"id":"state:251e3fe5-0ff2-4be3-9024-9f99a3327598:market_status:47706","label":"HEY state record"}],"source":"hey_state"},{"id":"state:251e3fe5-0ff2-4be3-9024-9f99a3327598:market_status:44384","revision":1,"op":"upsert","type":"market.status_changed","domain":"market","occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-11-07T10:14:17.464Z","recordedAt":"2026-11-07T10:15:02.493Z","summary":"Token market moved from Low liquidity to Launch pool only","evidence":[{"id":"state:251e3fe5-0ff2-4be3-9024-9f99a3327598:market_status:44384","label":"HEY state record"}],"source":"hey_state"},{"id":"state:251e3fe5-0ff2-4be3-9024-9f99a3327598:market_status:43479","revision":1,"op":"upsert","type":"market.status_changed","domain":"market","occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-11-05T10:12:18.257Z","recordedAt":"2026-11-05T10:15:03.376Z","summary":"Token market moved from Active market to Low liquidity","evidence":[{"id":"state:251e3fe5-0ff2-4be3-9024-9f99a3327598:market_status:43479","label":"HEY state 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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."}