{"summary":{"version":"summary-v1","lines":[{"dimension":"build","label":"Build","tag":"UNKNOWN","text":"Not measured — no builder source linked: 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/zona/timeline","freshness":"unknown","reason":"no_builder_source","answer":"Not measured — no builder source linked"},{"dimension":"usage","label":"Product usage","tag":"FACT","text":"No contract is recorded for this project, so there is no on-chain usage to count.","evidence":[],"basis":"coverage_state","detailUrl":"https://heyresearch.xyz/api/projects/zona/usage","freshness":"not_applicable","reason":"no_contract"},{"dimension":"market","label":"Market","tag":"FACT","text":"No token recorded: this is a project, not a token.","evidence":[],"basis":"registry_record","detailUrl":"https://heyresearch.xyz/api/projects/zona/market","freshness":"not_applicable","reason":"no_token"},{"dimension":"fundamentals","label":"Fundamentals","tag":"FACT","text":"Zona: TVL $33.1K · fees 24h not tracked · revenue 24h not tracked (DefiLlama, 2026-11-07). Registry context, not a measure of building.","evidence":[],"basis":"canonical_read","detailUrl":"https://heyresearch.xyz/api/projects/zona/snapshot","observedAt":"2026-11-07T00:00:00.000Z","freshness":"fresh"},{"dimension":"security","label":"Security context","tag":"FACT","text":"1 audit report linked (1 listed by DefiLlama only). Context, never a verdict on the project. An audit shows an audit took place; it is not a guarantee of safety.","evidence":[{"id":"security:eda68df4-2643-421c-9af6-a6769b20b695:audit:7a7097ccb767debd","label":"Audit report","url":"https://docs.zona.finance/resources/smart-contract-audit","receiptUrl":"https://heyresearch.xyz/api/evidence/security%3Aeda68df4-2643-421c-9af6-a6769b20b695%3Aaudit%3A7a7097ccb767debd"}],"basis":"evidence_record","detailUrl":"https://heyresearch.xyz/api/projects/zona/snapshot","freshness":"fresh"},{"dimension":"latestChange","label":"Latest change","tag":"FACT","text":"6 days ago: Links the official site declares changed: 5 added, 5 removed. Added docs link: docs.zona.finance/resources/official-links; docs link: docs.zona.finance/resources/points; docs link: docs.zona.finance/resources/smart-contracts; and 2 more. Removed docs link: docs.zona.finance/lending/borrow; docs link: docs.zona.finance/lending/liquidations; docs link: docs.zona.finance/lending/repay; and 2 more.","evidence":[{"id":"sourcechange:d0149985-4215-431f-b7c3-da61d94cb1b6","label":"Official site","url":"https://docs.zona.finance/","receiptUrl":"https://heyresearch.xyz/api/evidence/sourcechange%3Ad0149985-4215-431f-b7c3-da61d94cb1b6"}],"basis":"evidence_record","detailUrl":"https://heyresearch.xyz/api/changes?project=zona","observedAt":"2026-11-01T01:15:07.341Z","freshness":"fresh","change":{"version":"change-explain-v1","eventId":"sourcechange:d0149985-4215-431f-b7c3-da61d94cb1b6","type":"research.source_changed","evidenceId":"sourcechange:d0149985-4215-431f-b7c3-da61d94cb1b6","what":"Links the official site declares changed: 5 added, 5 removed. Added docs link: docs.zona.finance/resources/official-links; docs link: docs.zona.finance/resources/points; docs link: docs.zona.finance/resources/smart-contracts; and 2 more. Removed docs link: docs.zona.finance/lending/borrow; docs link: docs.zona.finance/lending/liquidations; docs link: docs.zona.finance/lending/repay; and 2 more","headline":"Official site change, on the project’s own site · not an implementation HEY has seen","capability":{"named":"Links the official site declares changed: 5 added, 5 removed. Added docs link: docs.zona.finance/resources/official-links; docs link: docs.zona.finance/resources/points; docs link: docs.zona.finance/resources/smart-contracts; and 2 more. Removed docs link: docs.zona.finance/lending/borrow; docs link: docs.zona.finance/lending/liquidations; docs link: docs.zona.finance/lending/repay; and 2 more","basis":"site_text","text":"Links the official site declares changed: 5 added, 5 removed. Added docs link: docs.zona.finance/resources/official-links; docs link: docs.zona.finance/resources/points; docs link: docs.zona.finance/resources/smart-contracts; and 2 more. Removed docs link: docs.zona.finance/lending/borrow; docs link: docs.zona.finance/lending/liquidations; docs link: docs.zona.finance/lending/repay; and 2 more."},"stage":{"observed":"site_change","basis":"ledger_type","notObserved":["code","release","deployment"],"text":"A change to what the site says is not an implementation: HEY has not observed code, a release or a deployment for it."},"reportedBy":{"kind":"team_source","text":"On the project’s own site."},"corroboration":{"state":"not_corroborated","by":[],"text":"Reported in the team’s own source. No independent record HEY holds corroborates it."},"releaseDeployment":{"state":"not_applicable","contracts":[],"evidence":[],"text":"Not a release or a deployment."},"activity":{"ownFunctionCalls":null,"tokenStandardCalls":null,"success":"not_measured","state":"NOT_APPLICABLE","scope":"none","window":null,"text":"No contract is tied to this change, so no product activity is attributed to it. Product usage is read on its own."},"time":{"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-11-01T01:15:07.341Z","recordedAt":"2026-11-01T01:20:02.584Z","origin":"live","basis":"observed_by_hey","lateIndexed":false,"text":"No source dates it: HEY first saw it on 2026-11-01."},"standing":{"state":"standing","withdrawnEvidence":[]},"evidence":[{"id":"sourcechange:d0149985-4215-431f-b7c3-da61d94cb1b6","receiptUrl":"https://heyresearch.xyz/api/evidence/sourcechange%3Ad0149985-4215-431f-b7c3-da61d94cb1b6"}],"unknowns":[{"code":"deployment_not_observed","text":"HEY has not observed a deployment of this change."},{"code":"occurred_at_unknown","text":"No source dates it; when it happened is not known."}],"limit":"It says what HEY read in a public source. A source on record does not prove who runs the project.","explainUrl":"https://heyresearch.xyz/api/projects/zona/explain?fact=build.change&event=sourcechange%3Ad0149985-4215-431f-b7c3-da61d94cb1b6"}},{"dimension":"unknown","label":"Not yet known","tag":"UNKNOWN","text":"6 gaps: Building activity (no source), Repositories (no source), Releases (no source), +3 more. No repository, changelog or feed to read.","evidence":[],"basis":"coverage_state","detailUrl":"https://heyresearch.xyz/api/projects/zona/coverage","freshness":"unknown","reason":"no_builder_source"}],"computedAt":"2026-11-07T05:00:22.351Z"},"identity":{"slug":"zona","name":"Zona","projectKind":"OTHER","researchLevel":"RESEARCHED","catalogStatus":"QUALIFIED","primaryNarrative":{"slug":"rwa","name":"RWA"},"websiteUrl":"https://www.zona.finance/","officialX":{"handle":"zona_io","url":"https://x.com/zona_io","status":"ACTIVE","checkedAt":"2026-11-07T02:27:00.591Z","linkHeld":null,"corroboration":"mutual_site_link","corroborationCheckedAt":"2026-11-07T02:27:00.591Z","foundByHey":false},"firstRecordedByHeyAt":"2026-09-23T00:01:36.379Z","externalListedAt":"2026-05-20T18:34:25.000Z","externalListedSource":"defillama","url":"https://heyresearch.xyz/project/zona"},"build":{"activityStatus":"UNKNOWN","activityMeasured":false,"stillBuilding":false,"stillBuildingState":"NOT_MEASURED","stillBuildingWithheld":"no_token","discoveryGapWithheld":"no_token","underTheRadar":{"state":"NOT_MEASURED","reason":"no_token","explainUrl":"https://heyresearch.xyz/api/projects/zona/explain?fact=discovery_gap"},"velocity":{"state":"NOT_MEASURED","current":null,"previous":null,"windowDays":30},"cadence":{"state":"INSUFFICIENT_RELEASES"},"hasBuilderSource":false},"protocolEconomics":{"protocols":[{"protocol":"zona","protocolName":"Zona","category":"Lending","tvlUsd":33132.72105,"tvlDay":"2026-11-07","matchedBy":"listing","fees24h":{"state":"NOT_TRACKED"},"revenue24h":{"state":"NOT_TRACKED"},"dexVolume24h":{"state":"NOT_TRACKED"},"economicsDay":"2026-11-07","auditLinks":["https://docs.zona.finance/resources/smart-contract-audit"],"methodologyUrl":"https://github.com/DefiLlama/DefiLlama-Adapters/blob/main/registries/aaveV3.js"}],"source":"defillama","contextOnly":true},"developerFootprint":{"repositories":{"state":"NO_SOURCE","reason":"no_repository","official":0,"metadataRead":0},"productionDeployment":{"state":"NOT_APPLICABLE"},"packages":{"state":"NO_SOURCE","reason":"no_repository"},"advisories":{"state":"NOT_APPLICABLE","reason":"no_accepted_package","subject":"PUBLISHED_PACKAGE"},"contextOnly":true,"coverageUrl":"https://heyresearch.xyz/api/projects/zona/coverage"},"usage":{"dimension":"usage","state":"NOT_APPLICABLE","reason":"no_contract","source":"decoded_calls","window":{"from":"2026-10-31","to":"2026-11-06","days":7},"watchedContracts":0,"topMethods":[],"names":"WITHHELD","methodEvents":null,"contextOnly":true,"url":"https://heyresearch.xyz/api/projects/zona/usage"},"security":{"audits":{"state":"MEASURED","readFrom":["official_site","official_site_files","defillama"],"items":[{"id":"security:eda68df4-2643-421c-9af6-a6769b20b695:audit:7a7097ccb767debd","url":"https://docs.zona.finance/resources/smart-contract-audit","authority":"REGISTRY_LISTED","hostedOn":"PROJECT_SITE","auditor":null,"date":null,"isPdf":false,"foundBy":[{"foundVia":"defillama","foundOnUrl":"https://defillama.com/protocol/zona","firstObservedAt":"2026-11-07T00:04:08.107Z","lastObservedAt":"2026-11-07T00:04:08.107Z"}],"observedAt":"2026-11-07T00:04:08.107Z"}]},"bugBounty":{"state":"NONE_FOUND","readFrom":["official_site","official_site_files"],"readAt":"2026-11-01T01:15:07.341Z"},"securityTxt":{"state":"NONE_FOUND","url":"https://zona.finance/.well-known/security.txt","readAt":"2026-10-24T21:06:31.843Z","reason":"absent"},"advisories":{"state":"NOT_APPLICABLE","reason":"no_accepted_package"},"repositoryChecks":{"state":"NOT_APPLICABLE","reason":"no_official_repository"},"incidents":{"state":"NOT_READ","reason":"no_incident_source_read"},"linksOmitted":0,"meaning":"An 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":"2026-11-07T02:04:11.592Z","freshness":{"state":"CURRENT","asOf":"2026-11-07T02:04:11.592Z","staleAfterHours":36},"cohort":null,"minimums":{"median":8,"percentile":20},"dimensions":[],"methodology":"https://heyresearch.xyz/methodology#peers"},"contracts":{"url":"https://heyresearch.xyz/api/projects/zona/contracts"},"verification":{"ownerVerified":false,"submitted":false,"sources":{"total":20,"own":20,"verified":0,"contextOnly":0}},"locks":{"coverage":{"state":"NOT_APPLICABLE","reason":"no_token"}},"integrity":{"state":"NOT_APPLICABLE","reason":"no_token"},"latestChanges":{"available":true,"items":[{"id":"sourcechange:d0149985-4215-431f-b7c3-da61d94cb1b6","revision":1,"op":"upsert","type":"research.source_changed","domain":"research","occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-11-01T01:15:07.341Z","recordedAt":"2026-11-01T01:20:02.584Z","summary":"Links the official site declares changed: 5 added, 5 removed. Added docs link: docs.zona.finance/resources/official-links; docs link: docs.zona.finance/resources/points; docs link: docs.zona.finance/resources/smart-contracts; and 2 more. Removed docs link: docs.zona.finance/lending/borrow; docs link: docs.zona.finance/lending/liquidations; docs link: docs.zona.finance/lending/repay; and 2 more","evidence":[{"id":"sourcechange:d0149985-4215-431f-b7c3-da61d94cb1b6","label":"Official site","url":"https://docs.zona.finance/"}],"source":"official_site"},{"id":"sourcechange:450865c4-0117-4316-b03f-8fa6f905259b","revision":1,"op":"upsert","type":"research.source_changed","domain":"research","occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-10-31T14:18:06.298Z","recordedAt":"2026-10-31T14:20:01.335Z","summary":"Links the official site declares changed: 5 added, 5 removed. Added docs link: docs.zona.finance/resources/official-links; docs link: docs.zona.finance/resources/points; docs link: docs.zona.finance/resources/smart-contracts; and 2 more. Removed docs link: docs.zona.finance/lending/borrow; docs link: docs.zona.finance/lending/liquidations; docs link: docs.zona.finance/lending/repay; and 2 more","evidence":[{"id":"sourcechange:450865c4-0117-4316-b03f-8fa6f905259b","label":"Official site","url":"https://docs.zona.finance/lending/risks"}],"source":"official_site"},{"id":"sourcechange:c7041d86-c0de-41ee-ad35-abb848caee27","revision":1,"op":"upsert","type":"research.source_changed","domain":"research","occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-10-31T12:53:56.406Z","recordedAt":"2026-10-31T12:55:01.493Z","summary":"Links the official site declares changed: 5 added, 5 removed. Added docs link: docs.zona.finance/resources/official-links; docs link: docs.zona.finance/resources/points; docs link: docs.zona.finance/resources/smart-contracts; and 2 more. Removed docs link: docs.zona.finance/lending/borrow; docs link: docs.zona.finance/lending/liquidations; docs link: docs.zona.finance/lending/repay; and 2 more","evidence":[{"id":"sourcechange:c7041d86-c0de-41ee-ad35-abb848caee27","label":"Official site","url":"https://docs.zona.finance/resources/smart-contract-audit"}],"source":"official_site"},{"id":"sourcechange:6e4430d6-47f2-4f01-b3ec-b4fa22b9b644","revision":1,"op":"upsert","type":"research.source_changed","domain":"research","occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-10-31T12:33:56.147Z","recordedAt":"2026-10-31T12:35:01.254Z","summary":"Links the official site declares changed: 1 added, 3 removed. Added docs link: docs.zona.finance/overview. Removed docs link: docs.zona.finance/lending/liquidations; docs link: docs.zona.finance/lending/oracles; docs link: docs.zona.finance/lending/supply","evidence":[{"id":"sourcechange:6e4430d6-47f2-4f01-b3ec-b4fa22b9b644","label":"Official site","url":"https://www.zona.finance/"}],"source":"official_site"},{"id":"sourcechange:c4917151-532f-43ff-8bf9-6ca1e6af24ef","revision":1,"op":"upsert","type":"research.source_changed","domain":"research","occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-10-29T07:03:31.259Z","recordedAt":"2026-10-29T07:05:01.383Z","summary":"Links the official site declares changed: 5 added, 5 removed. Added docs link: docs.zona.finance/resources/official-links; docs link: docs.zona.finance/resources/points; docs link: docs.zona.finance/resources/smart-contracts; and 2 more. Removed docs link: docs.zona.finance/lending/borrow; docs link: docs.zona.finance/lending/liquidations; docs link: docs.zona.finance/lending/repay; and 2 more","evidence":[{"id":"sourcechange:c4917151-532f-43ff-8bf9-6ca1e6af24ef","label":"Official site","url":"https://docs.zona.finance/lending/liquidations"}],"source":"official_site"}],"url":"https://heyresearch.xyz/api/changes?project=zona"},"freshness":[{"source":"code","label":"Code","state":"unknown","staleAfterHours":108},{"source":"score","label":"Scores","state":"fresh","observedAt":"2026-11-06T22:34:03.617Z","staleAfterHours":24}],"coverage":{"identity":{"state":"MEASURED","since":"2026-09-23T00:01:36.379Z","asOf":"2026-09-23T00:01:33.171Z","reason":"research_level_researched","detailUrl":"https://heyresearch.xyz/api/projects/zona"},"builderEvidence":{"state":"NO_SOURCE","reason":"no_builder_source"},"repositories":{"state":"NO_SOURCE","reason":"no_repository"},"releases":{"state":"NO_SOURCE","reason":"no_builder_source"},"marketCurrent":{"state":"NOT_APPLICABLE","reason":"no_token"},"marketHistory":{"state":"NOT_APPLICABLE","reason":"no_token"},"contractDeployment":{"state":"NOT_APPLICABLE","reason":"no_token"},"contractActivity":{"state":"NOT_APPLICABLE","reason":"no_token"},"contractSource":{"state":"NOT_APPLICABLE","reason":"no_token"},"contractInterface":{"state":"NOT_APPLICABLE","reason":"no_token"},"distribution":{"state":"NOT_APPLICABLE","reason":"no_token"},"locks":{"state":"NOT_APPLICABLE","reason":"no_token"},"marketIntegrity":{"state":"NOT_APPLICABLE","reason":"no_token"},"protocolEconomics":{"state":"NO_SOURCE","since":"2026-09-26T00:00:00.000Z","asOf":"2026-11-07T00:00:00.000Z","reason":"not_tracked_by_registry"},"timeline":{"state":"MEASURED","since":"2026-09-23T00:01:36.379Z","reason":"complete_default_window","detailUrl":"https://heyresearch.xyz/api/projects/zona/timeline"},"officialDocs":{"state":"MEASURED","asOf":"2026-11-05T07:15:19.411Z","reason":"official_docs","detailUrl":"https://heyresearch.xyz/api/projects/zona"},"apiDocs":{"state":"NO_SOURCE","asOf":"2026-10-24T21:06:31.843Z","reason":"no_api_description_linked"},"sourceChanges":{"state":"MEASURED","since":"2026-10-24T21:06:31.843Z","asOf":"2026-10-24T21:06:31.843Z","reason":"changes_since_first_read"},"gitHost":{"state":"NOT_APPLICABLE","reason":"no_repository"},"package":{"state":"NO_SOURCE","reason":"no_repository"},"securityContext":{"state":"NOT_APPLICABLE","reason":"no_accepted_package"}},"evidenceSummary":{"sources":{"total":20,"own":20,"verified":0,"contextOnly":0},"meaningfulEvents30d":null,"explainUrl":"https://heyresearch.xyz/api/projects/zona/explain"},"links":{"page":"https://heyresearch.xyz/project/zona","detail":"https://heyresearch.xyz/api/projects/zona","timeline":"https://heyresearch.xyz/api/projects/zona/timeline","intelligence":"https://heyresearch.xyz/api/projects/zona/intelligence","changes":"https://heyresearch.xyz/api/changes?project=zona","coverage":"https://heyresearch.xyz/api/projects/zona/coverage","explain":"https://heyresearch.xyz/api/projects/zona/explain","contracts":"https://heyresearch.xyz/api/projects/zona/contracts","usage":"https://heyresearch.xyz/api/projects/zona/usage","relationships":"https://heyresearch.xyz/api/projects/zona/relationships"},"asOf":"2026-11-07T05:00:22.351Z","scoringVersion":"hbm-v32","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."}