Depeg event

Nectar depeg below peg — February 16, 2026 at 05:02 UTC

Detected under v1.0

NECT moved below peg at 05:02 UTC on February 16, 2026, with a peak deviation of 5.41% at $0.9459. The observation closed 1.0 hr later at 06:03 UTC with a recorded recovery price of $0.9976.

The checked-in price path starts at $0.9459 against a recorded peg reference of $1.00. Pharos captured the incident through a historical backfill and evaluates it under v1.0. The record reports the observed price path and resolution state without inferring a cause from those measurements.

Event summary

Direction: below peg
Peak deviation: 5.41%
Started: February 16, 2026 at 05:02 UTC
Ended: February 16, 2026 at 06:03 UTC
Duration: 1.0 hr
Peg reference: $1.00
Start price: $0.9459
Peak price: $0.9459
Recovery price: $0.9976

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.

Preferred source

Reading Pharos regularly? Mark it as a preferred source and Google will surface Pharos Watch more often in Top Stories, AI Overviews, and AI Mode.

Add Pharos Watch in Google ↗

Methodology pin: v1.0 changelog