$0.0194, down 7.75% in 24 hours—that's Blur's price reading after it shut down its front end. By conventional wisdom, a front end going offline should have caused a steeper drop.
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There are two possible explanations for the modest decline. One is that this only cut off the entry point: starting November 12, the blur.io front end was deprecated, while the market protocol continued running on-chain and the fee switch remained in BLUR's hands. The only thing to stop that day was the matching of new Blend loans. Borrowers had to either repay first or let their loans default; Blur later provided tools for users to withdraw their assets. The other explanation is that liquidity was already thin, so the 7.75% figure tells us nothing.
Watch for two developments after November 12: whether BLUR's fee switch is activated, and whether trading volume on the on-chain protocol declines. At a price reading of $0.0194, the two explanations will reveal which one is right.
#blur拟于11月12日停用blur.io前端
📊 费用开关动不动，点进群里一起等
There are two possible explanations for the modest decline. One is that this only cut off the entry point: starting November 12, the blur.io front end was deprecated, while the market protocol continued running on-chain and the fee switch remained in BLUR's hands. The only thing to stop that day was the matching of new Blend loans. Borrowers had to either repay first or let their loans default; Blur later provided tools for users to withdraw their assets. The other explanation is that liquidity was already thin, so the 7.75% figure tells us nothing.
Watch for two developments after November 12: whether BLUR's fee switch is activated, and whether trading volume on the on-chain protocol declines. At a price reading of $0.0194, the two explanations will reveal which one is right.
#blur拟于11月12日停用blur.io前端