🚨 $BLUR Down 30% on Frontend Closure + Negative Funding Squeeze!
🔹 Blur announced it is deprecating its web interface on Nov 12.
🔹 Blend NFT lending stops matching new loans on the same date.
🔹 Note: Smart contracts stay live on-chain, and $BLUR keeps fee-switch governance.
🔹 Despite the news sell-off, funding rates are deeply negative (-0.22% to -0.51% per 4h)❗️
🔹 Shorts are paying Longs a heavy fee every 4 hours to maintain positions!
#BLUR $BLUR
🔹 Blur announced it is deprecating its web interface on Nov 12.
🔹 Blend NFT lending stops matching new loans on the same date.
🔹 Note: Smart contracts stay live on-chain, and $BLUR keeps fee-switch governance.
🔹 Despite the news sell-off, funding rates are deeply negative (-0.22% to -0.51% per 4h)❗️
🔹 Shorts are paying Longs a heavy fee every 4 hours to maintain positions!
#BLUR $BLUR