BMNRx

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

25.697675

band 25.4314 to 26.7605

Carry LTV

30.00%

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

Session Max LTV

35.00%

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

Debt ceiling

828.06

In USDG, the total debt this asset may support.

Executable depth at 1%

8,841.28

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 2026-09-21 09:36 UTC, 4m 35s ago. transaction

Input bundle

0xb576151a…d1235e8c

The keccak256 of the canonical inputs, posted on chain with the report. Every number above is computed from these exact bytes, served by the Kerb API. This one is not on IPFS: pinning is being refused right now, and that is reported on the proof page rather than hidden. Recompute them yourself: pnpm --filter @kerb/engine kerb verify 0xb576151ae5851f81a656b246f7499a27ea76f0b0a8c84d1a201badf5d1235e8c

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

8,842.60 at 1%

C(0.5%) 3,898.15 · C(3%) 29,605.76 · fragmentation factor 1 applied across eligible venues.

Cross-check

8,842.60

simulated 8,842.60 against okx-dex:v6-quote 17,018.60, a difference of 48.042%

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

Excluded venues

wBMNRx → USDG: dust: C(1%) 6.604233 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

26.760500

Sources used: xstocks:price-data, yahoo:chart:BMNR

Pool

27.566817

Spot along 0xcd5a…F6D5

Dispersion

3.013%

Beyond the guard: the mark is forced conservative.

Regime haircut

4.007%

Credit Mark

25.688329

Band 25.431446 to 26.760500. 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

PRE

XNYS · America/New_York · since 2026-09-21 08:00 UTC

Next transition

session open

2026-09-21 13:30 UTC · in 3h 48m

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.