BEWARE THE IDES OF BLUR: Blur's NFT Lending Platform Is Shutting Down This Thursday With 421 Loans Still Outstanding!

Beware the ides of Blur!

From the swamp to the igloo and everywhere in between, NFT collectors are bracing for the shutdown of Blur's marketplace frontend and the wind down of its Blend lending services this Thursday, with hundreds of Ethereum worth of NFT backed loans still outstanding!

 

“Blend will stop matching new loans on November 12, 2026,” Blur tweeted last month. “Borrowers have until then to repay their loans or allow them to default. After this date, we will provide a frontend tool to help users withdraw their assets from Blend.”

 

 

 

 

As of tonight, there are 421 open Blend loans with 366 ETH worth of outstanding debt, including loans backed by 34 Bored Apes, 55 Mutant Apes, 48 Pudgy Penguins, 65 Lil Pudgys, 60 Azukis and more, according to OS Wiki's Blend tracker.

 

These numbers are down substantially from where they were last month.

As the Gazette previously reported, when Blur first announced its upcoming shutdown, there were 121 Bored Apes, 156 Mutant Apes and 143 Pudgy Penguins tied to Blend loans, with well over 1,200 ETH in outstanding debt!

 

 

For BAYC members who still have a loan against their NFT, know you are not alone and that help may be available!

Yuga Labs' Grails OTC team has been actively working to help collectors migrate their outstanding Blend loans to another NFT lending platform called Gondi.

 

 

“Working with the team this morning to facilitate an orderly transition from blend to gondi,” Yuga Labs CEO Michael Figge tweeted last month. “easy place to start: we're going to help refinance the healthier loans more plans to follow.”

Figge added that the team's priority would be helping holders of BAYC, MAYC, BAKC and Otherdeeds, with plans to assist other NFT communities if they can.

 

With Thursday's deadline literally jsut two days away, collectors with outstanding Blend loans need to to review their positions and figure out their future!

 

Collectors and NFT traders everywhere should also check their wallets revoke any Blur or Blend allowances that they may have outstanding!

For more information, go to Revoke.Cash tonight!

 

The Gazette will continue to follow Blur's shutdown and the ongoing effort to help NFT holders migrate their loans. Stay tuned for updates!