The BLC Collapse: Algorithmic Stability Was Always a Fiction — A Forensic Dissection of the 99% Depeg on 42DAO
Evidence indicates BLC, the algorithmic stablecoin of the 42DAO protocol on B...
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Evidence indicates BLC, the algorithmic stablecoin of the 42DAO protocol on B...
Fear
Market Sentiment
Block reward halving event
Team and early investor shares released
Independent validator client goes live on mainnet
Circulating supply increases by about 2%
Raises validator limit and account abstraction
Block reward reduced to 3.125 BTC
Improves data availability sampling efficiency
92 million ARB released
Bitcoin Season
| # | Coin | Price |
|---|---|---|
| 1 |
Bitcoin
BTC
|
$65,112.3 |
| 1 |
Ethereum
ETH
|
$1,876.74 |
| 1 |
Solana
SOL
|
$76.1 |
| 1 |
BNB Chain
BNB
|
$568.1 |
| 1 |
XRP Ledger
XRP
|
$1.11 |
| 1 |
Dogecoin
DOGE
|
$0.0694 |
| 1 |
Cardano
ADA
|
$0.1672 |
| 1 |
Avalanche
AVAX
|
$6.27 |
| 1 |
Polkadot
DOT
|
$0.8183 |
| 1 |
Chainlink
LINK
|
$8.45 |