2026-01-14 18:18:33

iBGT Decoupling Controversy: Market Mechanism Failure?

The crypto world has another spectacle. The price mechanism of iBGT has failed, and decoupling has become a reality. What does this mean? From a technical perspective, decoupling usually reflects insufficient collateral, liquidity exhaustion, or a crisis of confidence in the project's fundamentals.

Currently, iBGT is in a highly unstable state, with market participants reassessing its value. Such events are not uncommon in the DeFi space—when a mechanism design has vulnerabilities or external shocks occur, stablecoins or pegged assets can easily lose their peg.

Interestingly, this presents opportunities for traders and arbitrageurs. When an asset decouples, it is often accompanied by significant buying or selling pressure. Holders are watching, while speculators are looking for entry points. The market is re-pricing this asset in the most straightforward way.

The story of iBGT is not over yet. How to repair the mechanism and restore confidence in the future remains to be seen.

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MEVEye

· 11h ago

Another decoupling drama is here, this time it's iBGT's turn. Arbitrageurs must be thrilled. Decouple if you want, anyway DeFi is like this. Today you collapse, tomorrow I collapse. Mechanism loopholes are just money machines. Whether iBGT can be saved this time depends on the operators' methods, but it seems uncertain. Holders are probably breaking out in cold sweat now, while speculators are ecstatic. Indeed, only a crisis can reveal who the true players are. I've heard "liquidity exhaustion" so many times; can't they come up with some new tricks? Market pricing is the most honest, and decoupling actually exposes the truth. iBGTs, when designing mechanisms, you must guard against this move, or you'll just be waiting to be educated by the market.

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ShamedApeSeller

· 11h ago

Another decoupling, is it iBGT's turn this time? DeFi is like this—once the mechanism loosens, it collapses. Arbitrageurs' time to celebrate has arrived; it might even be a several-fold rally again. Honestly, the issue of insufficient collateral should have been obvious earlier. Why only react now? Let's wait and see how they salvage the situation later. Feels uncertain.

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GateUser-75ee51e7

· 11h ago

Another decoupling drama, this time it's iBGT's turn. Getting a bit tired of it. Arbitrage dogs are definitely itching to act now. This is the most fun time. Such obvious flaws in mechanism design? How did it pass approval? Honestly, I’m not optimistic about this kind of fix. What magical operation are they relying on? Holders are probably scouting for strategies everywhere, waiting to buy the dip or cut losses. Liquidity exhaustion truly means they can't play anymore. Anyway, watching this show, it seems DeFi still needs a few more iterations to mature.

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LightningClicker

· 11h ago

iBGT has decoupled again, and this time it's really a big play It's another liquidity issue, do they really not learn their lesson? Should I quickly buy the dip or continue to watch and wait, that's the question DeFi is like this, a single vulnerability can lead to total loss Arbitrageurs are definitely sharpening their blades already

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