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.

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

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