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Kerb Credit on X Layer testnet · 0xa131…98a8

Testnet, with mirror collateral. The credit plane runs on X Layer testnet with mirror collateral. Mirror tokens have no claim on any security. The risk data underneath them is the real mainnet Credit Mark for the underlying. The loan asset here is mUSDG, a labelled stand-in: the real Paxos testnet USDG at 0xF086…78DF has a permissioned mint and no faucet, so it cannot be obtained. The clock is KerbClockDemo: one compressed trading week per hour, so the covenant can be demonstrated in minutes. It is never deployed to mainnet.

Pool

One loan asset, whitelisted collateral, shares-based accounting on both sides.

Supplied: 80,000.01 mUSDG
Borrowed: 2,716.44 mUSDG
Available to borrow: 77,283.57 mUSDG
Utilisation: 3.40%
Borrow rate: 1.17% per year
Two-slope kink model on utilisation, with a reserve factor.
Reserves: 0.000793 mUSDG

Connect a wallet to supply, borrow, repay or cure. Everything on this page is readable without one.

Collateral

Each mirror carries the real Credit Mark of the asset it mirrors, relayed from X Layer mainnet. The liquidation threshold is fixed when the collateral is listed and has no setter: sessions move borrowing capacity and the cure covenant, never the liquidation line.

kKOx mirror

mark relayed from KOx on X Layer mainnet

Regime: Normal
Credit Mark: 87.938031
Carry LTV: 55.00%
Held through the next weakening, with no covenant attached.
Session Max LTV: 60.00%
Available only while the session holds, and only with the cure covenant.
Liquidation threshold: 68.00%
Fixed at listing. No report, no session and no passage of time can move it.
Debt ceiling: 10,756.27 mUSDG
Maximum per position: 3,585.42 mUSDG
Cure bonus: 1.50%
Paid to whoever cures the position. Cure is permissionless.
Default bonus and close factor: 7.00% bonus, 50.00% close factor
Usable for new risk: yes
token 0x1182…4a16 · assetId 0x254b3d27…d8abb383 · terms posted 2026-09-21 08:48 UTC

kHKEXCx mirror

mark relayed from HKEXCx on X Layer mainnet

Regime: Reference closed
Credit Mark: 48.526520
Carry LTV: 50.00%
Held through the next weakening, with no covenant attached.
Session Max LTV: 55.00%
Available only while the session holds, and only with the cure covenant.
Liquidation threshold: 63.00%
Fixed at listing. No report, no session and no passage of time can move it.
Debt ceiling: 8,095.01 mUSDG
Maximum per position: 2,698.34 mUSDG
Cure bonus: 1.50%
Paid to whoever cures the position. Cure is permissionless.
Default bonus and close factor: 7.00% bonus, 50.00% close factor
Usable for new risk: yes
token 0x80da…60f2 · assetId 0x848d3f1b…98b394bb · terms posted 2026-09-21 08:48 UTC

Cure a position

Cure is permissionless: any address may bring a position back to its Carry target while Last Call is open, and is paid a bonus in collateral for doing it. Kerb runs no privileged keeper, which is why this is here for anyone to use.

Look up a position

Anyone can read any position: its health against the fixed threshold, its covenant target, and the exact amount a cure would repay. Cure is permissionless, so this has to be public.

Proof, including every address on this page →