Blur to Shut Down Frontend Nov 12, BLUR Falls Over 16%

The frontend shutdown matters less than the forced unwind it triggers: Blend borrowers who cannot repay by the deadline face liquidation, which is a mechanical source of selling pressure independent of sentiment. BLUR's drop reflects that near-term demand for the token is tied to a product surface that is going away, even as the protocol and fee-switch governance persist. The open question is whether Blend's loan book clears orderly or cascades, and whether token holders treat the surviving on-chain layer as the real asset.