Depeg event

Nectar depeg below peg — February 20, 2026 at 04:03 UTC

Detected under v1.1

NECT moved below peg at 04:03 UTC on February 20, 2026, with a peak deviation of 5.31% at $0.9469. The observation closed 6.0 hr later at 10:02 UTC with a recorded recovery price of $1.00.

The checked-in price path starts at $0.9473 against a recorded peg reference of $1.00. Pharos captured the incident through a historical backfill and evaluates it under v1.1. The record reports the observed price path and resolution state without inferring a cause from those measurements.

Event summary

Direction: below peg
Peak deviation: 5.31%
Started: February 20, 2026 at 04:03 UTC
Ended: February 20, 2026 at 10:02 UTC
Duration: 6.0 hr
Peg reference: $1.00
Start price: $0.9473
Peak price: $0.9469
Recovery price: $1.00

Related incidents

Other recent peggedUSD depegs

Other cdp incidents

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.

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Methodology pin: v1.1 changelog