EXAMPLE TAPE UNTIL MARKET 001 IS LIVEUS MARKET CLOSEDREOPENS MON 09:30 ETMINTING WINDOW SHUT SINCE SAT 02:00 CETMORPHO LIVE ON ROBINHOOD CHAINSPY 765.26NVDA 218.30AAPL 332.52GOOGL 339.05SUPPLY APY 4.91%MAX LOAD 62.5%LIQUIDATOR'S CUT 12.68%EXAMPLE TAPE UNTIL MARKET 001 IS LIVEUS MARKET CLOSEDREOPENS MON 09:30 ETMINTING WINDOW SHUT SINCE SAT 02:00 CETMORPHO LIVE ON ROBINHOOD CHAINSPY 765.26NVDA 218.30AAPL 332.52GOOGL 339.05SUPPLY APY 4.91%MAX LOAD 62.5%LIQUIDATOR'S CUT 12.68%

Log.With the numbers.

What we did, what broke, and the real figure attached. Newest first.

02

Three numbers in the brief were wrong. They were the founder's, not the recon's.

2026-09-12
corrected
Corrected

1. The brief said no Morpho market on Robinhood Chain takes a tokenized stock as collateral. That figure was read off Morpho's curated app, which lists six markets for this chain. On-chain there are 217 markets, 134 of them with a Robinhood stock token as collateral and USDG as the loan, created permissionlessly since block 1,537,097. Four hold real money: NVDA, AAPL, SPCX and GOOGL at 62.5%, about $790,000 supplied and $713,000 borrowed at the time of the read. Evidence: the CreateMarket events on Morpho Blue 0x9D53d5E3bd5E8d4Cbfa6DB1ca238AEA02E651010, all listed on the /market page.

2. The homepage said LLTV 62.0%. Morpho on this chain has 62.0% disabled. isLltvEnabled answers true for 0, 38.5, 62.5, 77, 86, 91.5, 94.5, 96.5 and 98 percent, nothing else. The page now says 62.5%.

3. The homepage said a liquidation bonus of 6.0%, as if it were a choice. The liquidation incentive is fixed by Morpho's formula from the LLTV, min(1.15, 1 / (1 − 0.3 × (1 − LLTV))), and comes out at 12.68% for a 62.5% market. It was never ours to choose. The page now says 12.68%, labelled as Morpho's.

One more, caught in the same pass: the brief said the oracle must multiply the Chainlink price by the token's uiMultiplier(). Robinhood's docs state the feed already returns the multiplier-adjusted per-token price, and the chain agrees: the SGOV token carries a multiplier of 1.0051, its feed reads 101.03, and real SGOV traded at 100.47 that week. Applying the multiplier a second time would have overvalued every position.

The wrong numbers were the founder's, taken from a curated interface and a docs summary instead of the chain. This page exists for exactly that.

01

Front end live on Vercel. /market lists every existing stock-collateral market.

2026-09-12
shipped

The homepage, /market, /risk, /hours, /docs and /log are up. Wallet connect works through the injected provider on chain 4663. Nothing reads a position yet.

/market indexes all 134 stock/USDG markets from Morpho's CreateMarket events and reads their supply and borrow from the contract, cached on the server and refreshed every 30 seconds.

Next entries

pending
Oracle created by the Morpho factoryNot yet
Market 001 · SPY / USDG · 62.5%Not yet
Seed supply and borrowNot yet
Each will carry the transaction hash, the block, and every parameter.