Depeg event

Nectar depeg below peg — February 20, 2026 at 00:02 UTC

Detected under v1.1

NECT moved below peg at 00:02 UTC on February 20, 2026, with a peak deviation of 5.30% at $0.9470. The observation closed 1.0 hr later at 01:02 UTC with a recorded recovery price of $0.9992.

Event summary

Direction: below peg
Peak deviation: 5.30%
Started: February 20, 2026 at 00:02 UTC
Ended: February 20, 2026 at 01:02 UTC
Duration: 1.0 hr
Peg reference: $1.00
Start price: $0.9470
Peak price: $0.9470
Recovery price: $0.9992

Related incidents

Other recent peggedUSD depegs

2026-07-27MAIpeak 19.2% below peg
2026-07-23MSUSDpeak 30.8% below peg
2026-07-21avUSDpeak 5.35% above peg

Other cdp incidents

2026-07-16USDXpeak 34.0% below peg
2026-06-24REUSDpeak 44.5% below peg

Stablecoin

Nectar (NECT) →

NECT is Beraborrow's Liquity v2-style overcollateralized stablecoin on Berachain, minted against iBGT, WBERA, BTC/ETH variants, and Kodiak Island LPs.

Methodology pin: v1.1 changelog