Blur to Shut Down Front-End on Nov 12, 2026; Blend to Stop New NFT Loans

The front-end shutdown matters less than Blend's loan-matching halt: it strands an existing credit book, forcing repayment or default by a fixed date, which is where near-term NFT market stress will surface. Because the on-chain protocol and token persist, this reads as a retreat from user-facing infrastructure rather than a full wind-down. The sharp BLUR move suggests the market is pricing exactly that distinction. Whether Blend defaults stay contained, and whether the protocol's remaining activity holds up without a front-end, is the open question.