Depeg event

Nectar depeg below peg — February 27, 2026 at 06:16 UTC

Detected under v3.1

NECT moved below peg at 06:16 UTC on February 27, 2026, with a peak deviation of 5.05% at $0.9494. The observation closed 2.5 hr later at 08:45 UTC with a recorded recovery price of $0.9991.

The checked-in price path starts at $0.9496 against a recorded peg reference of $0.9999. Pharos captured the incident through live monitoring and evaluates it under v3.1. The record reports the observed price path and resolution state without inferring a cause from those measurements.

Event summary

Direction: below peg
Peak deviation: 5.05%
Started: February 27, 2026 at 06:16 UTC
Ended: February 27, 2026 at 08:45 UTC
Duration: 2.5 hr
Peg reference: $0.9999
Start price: $0.9496
Peak price: $0.9494
Recovery price: $0.9991

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: v3.1 changelog