COINx

Terms

What is posted on chain right now, signed by the Kerb attester inside the contract guardrails.

Regime

Reference closed

The underlying market is closed, so no new reference price is arriving.

Credit Mark

190.657981

band 188.7252 to 194.2500

Carry LTV

40.00%

The ceiling a position can be drawn to and still be safe to hold through the next weakening.

Session Max LTV

45.00%

Only available while the session holds, and only with the cure covenant attached.

Debt ceiling

4,906.58

In USDG, the total debt this asset may support.

Executable depth at 1%

7,678.45

The notional that can be sold into the real pools for at most 1% impact, in USDG.

Usable for new risk

yes

Posted 2026-09-20 23:45 UTC, 5m 11s ago. transaction

Input bundle

0x5250bd41…4f22f85e

The keccak256 of the canonical inputs, posted with the report. Recompute it with kerb verify.

Executable depth

Simulated by walking the real pool tick by tick, in the direction of a sale, from the pool state Kerb observed. Not an aggregator estimate.

Aggregate depth

7,679.97 at 1%

C(0.5%) 3,437.50 · C(3%) 24,738.80 · fragmentation factor 0.8 applied across eligible venues.

Cross-check

7,679.97

simulated 7,679.97 against okx-dex:v6-quote 12,042.92, a difference of 36.228%

The two disagree beyond the configured maximum, so the smaller number is used. Kerb never takes the larger.

Excluded venues

wCOINx → USDG: dust: C(1%) 0.022627 below minVenueC1 100

Every exclusion is recorded with its reason. A venue is never silently dropped.

How the Credit Mark was made

The conservative minimum of the reference median and the pool price, after the dispersion guard and the regime haircut. Every component names its sources.

Reference

194.250000

Excluded: xstocks:price-data (stale by 77340s)

Sources used: yahoo:chart:COIN

Pool

195.659568

Spot along 0x7013…F6D5

Dispersion

0.726%

Within the guard.

Regime haircut

1.863%

Credit Mark

190.631466

Band 188.725151 to 194.250000. USDG is treated as 1 USD; the USDG peg is observed separately and reported

Next transitions

Resolved from the Kerb calendar, kerb-calendar@0.1.0 (2025-12-01..2027-12-31). The onchain KerbClock is equivalence-tested against this same resolver.

Session now

CLOSED

XNAS · America/New_York · since 2026-09-19 00:00 UTC

Next transition

pre open

2026-09-21 08:00 UTC · in 8h 09m

Next weakening

session close

2026-09-21 20:00 UTC

The deadline a Session Max position must cure by.

Last Call window

closed

2026-09-21 19:00 UTC to 2026-09-21 20:00 UTC · 1h 00m long

Terms history

Every post Kerb has made for this asset, newest first, each one a transaction.

Scroll the table sideways for capacity and the transaction.