The borrowing app is a 404 page and the dev already sold their whole 41% launch buy.

The site pitches a stock-backed borrowing product on Morpho, but the main app route returned a 404 on every try. None of the on-chain claims (markets, farms, deposits, verified contracts) could be confirmed, and the contracts.json and docs links are dead. The dev bought 41% in the launch and sold all of it, though holders are spread out and nobody else bought in the launch block.

Ask the agent Watch

Checked 3 h ago

Red flags1

Main app returns 404
The agent clicked 'Borrow on stocks' and opened /app and /app#/markets about 11 times. Each time it got a 404 NOT_FOUND page, with no wallet connect or form.
screenshot claim source page page

Watch out5

On-chain product claims are unbacked
The site claims 35 Morpho Blue markets, three vaults, farm deposits and Sourcify-verified contracts. No fact confirms any of it, and the contracts.json link is dead.
claim source screenshot page page
Dev bought 41% at launch and sold all of it
The dev's launch buy was 41% of supply, and the dev now holds 0.0%. Selling the entire position this early is a bad sign.
dev launch
Five dead links and a brand-new domain
The domain was registered 3 hours ago, and /app, /docs, /farms and contracts.json are all dead. The site looks unfinished.
registration page page page
Small, new X account with no empty followers
The account is 5 days old with 344 followers and 4 posts. Sampled followers look real, and the CA is posted by 12 accounts, most with over 1K followers.
@Tetsurobins @iQuoteTeenSwagg @Doumacrypto @allornothing_np
First coin from this dev, no history in ngl
The dev has no other launches and ngl has not seen the dev, site or X account before. There is no track record either way.
dev

Checks out1

Holders are spread out, launch block was clean
The top 10 wallets hold 4.1% and nobody else bought in the launch block. This is not a bundled launch.
0.7%0.4%0.4%0.4%

How ngl got here

What the call rests on

Product · Does it exist and work?
Only a landing page loaded; the app behind it is a 404.
Claims · Are its claims backed?
The key borrowing claim was contradicted and the on-chain claims are unbacked.
On chain · Holders, bundles, the dev wallet
Dev sold their entire 41% launch buy, which is the rubric's dumped-dev case, not a mixed picture.
Team · X account, dev history, ngl’s memory
Judge ignored sampled-follower and CA-post evidence: 12 accounts post the CA, 11 with 1K+ followers, and 0% of followers are empty accounts.

Cross-checked

A second agent read the same evidence and tried to prove this call wrong.

AcceptedTeam
Judge ignored sampled-follower and CA-post evidence: 12 accounts post the CA, 11 with 1K+ followers, and 0% of followers are empty accounts.
AcceptedOn chain
Dev sold their entire 41% launch buy, which is the rubric's dumped-dev case, not a mixed picture.

ngl has seen this before

ngl has checked 165 coins. None of them shares this coin’s dev wallet, the wallet that funded it, its website, X account, Telegram or logo.

Ask the agent

Anything about $TETSU. ngl answers from this check, or goes back to the site and tries what you ask.

Hands-on tests

BrokenOpen the main product (Borrow on stocks, /app#/markets)
Main app route returns 404 Not Found
What it did:
Clicked '01Borrow on stocks借りる' on the homepage, then opened /app and /app#/markets repeatedly (about 11 actions total, including the same /app load several times in a row).
What the site showed:
Page titled '404: NOT_FOUND' with heading 'This page doesn’t exist', text 'It may have been moved, removed, or never existed.', a 'Go back' button and code '404 NOT_FOUND fra1::9kw4s-1792708102774-dde4a505f4ee'.