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On December 4th, 2025, we launched a $50,000 bounty to Break Samsara’s floor on a live testnet, designed to push the system as hard as possible under extreme stress. The bounty incentivized participants to sell directly into the market and attempt to force the price down to the NAV (floor), the minimum redeemable value the system is designed to offer. This case study documents the December 4th event (a black swan-style stress test) designed to see whether the floor could fail under coordinated, sustained sell pressure.

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The objective of this campaign

  • Demonstrate that navToken floor prices cannot be broken, even under extreme stress
  • Demonstrate that the floor holds as complete, continuous exit liquidity, even at the floor
  • Demonstrate that markets are isolated, and stress in one market doesn’t spill into the others

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Test conditions

The campaign ran on a live testnet. In the days leading up to the event, participants minted dev navTokens and built positions across multiple markets, allowing liquidity to accumulate ahead of the coordinated stress test. On the day of the event, participants were instructed to sell simultaniously (a synchronized selloff intended to push the market price down to the floor.  Tens of millions of dollars were sold into the system across 5 markets:
  • navORE
  • navZBTC
  • navJLP
  • navMSOL
  • navBONK

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Observed outcome

Across all five markets, participants were able to push the price down to the floor, but they were not able to break it. Even under sustained sell pressure, liquidity at the floor remained available and complete. Redemptions continued to clear as expected without manual intervention. Stress in one market did not spill into the others. Each market absorbed its own selloff, reached its floor, and continued functioning independently. And importantly, the floor value increased throughout the selloffs. As volume surged, fees flowed back into the floor, raising the minimum redeemable value even while participants were selling into it.

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The moment price met the floor

The goal of this campaign was to force price to the minimum redeemable value under extreme stress.  Seeing the Assured value reach 100% across markets confirmed the selloffs successfully reached the floor. Assured % is below max (markets trading above their floor):
Assured 1 (3)
Assured % is at max value (market price was at floor price):
Assured 2 (3)

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Markets at the floor

The following snapshots show each market reaching the floor during the selloff event. navJLP market price reaching the floor:
Image4
navBONK market price reaching the floor:
Image7
navBONK market price reaching the floor:
Image3
navORE market price reaching the floor:
Image1
navZBTC market price reaching the floor:
Image6