ICEx

Terms

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

Regime

Stale

The sources the mark needs are too old to price against.

Credit Mark

146.559720

band 145.0941 to 152.0385

Carry LTV

50.00%

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

Session Max LTV

55.00%

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

Debt ceiling

4,432.20

In USDG, the total debt this asset may support.

Executable depth at 1%

6,014.74

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

Usable for new risk

no — stale or halted

Posted 2026-09-20 23:40 UTC, 8m 13s ago. transaction

Input bundle

0xef3f810c…4f10c01b

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

6,014.74 at 1%

C(0.5%) 2,854.15 · C(3%) 15,843.51 · fragmentation factor 1 applied across eligible venues.

Cross-check

6,014.74

simulated 6,014.74 against okx-dex:v6-quote 6,139.21, a difference of 2.028%

The tick-walk and the independent aggregator quote agree within the configured maximum.

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

155.470000

Excluded: xstocks:price-data (stale by 77221s)

Sources used: yahoo:chart:ICE

Pool

152.038543

Time-weighted average over 900s along 0x8D01…736f

Dispersion

2.207%

Beyond the guard: the mark is forced conservative.

Regime haircut

3.604%

Credit Mark

146.559720

Band 145.094123 to 152.038543. 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

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

Next transition

pre open

2026-09-21 08:00 UTC · in 8h 11m

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.