SLVx

Terms

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

Regime

Thin

Executable depth is thin relative to the debt it supports.

Credit Mark

59.069228

band 58.4736 to 59.6182

Carry LTV

55.00%

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

Session Max LTV

60.00%

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

Debt ceiling

3,140.59

In USDG, the total debt this asset may support.

Executable depth at 1%

4,951.38

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

Usable for new risk

yes

Posted 2026-09-21 09:31 UTC, 8m 07s ago. transaction

Input bundle

0x59d107a9…95f02d48

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 0x59d107a99abeaa229deea7e818c8fe9ea19028d25d3e90199fae930895f02d48

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

4,951.38 at 1%

C(0.5%) 2,316.31 · C(3%) 15,722.60 · fragmentation factor 1 applied across eligible venues.

Cross-check

4,951.38

simulated 4,951.38 against okx-dex:v6-quote 4,953.73, a difference of 0.047%

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

59.832500

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

Pool

59.618163

Spot along 0xd510…0d40

Dispersion

0.358%

Within the guard.

Regime haircut

0.929%

Credit Mark

59.064242

Band 58.473600 to 59.618163. 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

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

Next transition

session open

2026-09-21 13:30 UTC · in 3h 50m

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.