KUAIx

1024 on XHKG · pool quoted in USDG · pool 0x9D5d…a0f2

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: 3.829862
band 3.7915 to 3.9018
Carry LTV: 43.09%
The ceiling a position can be drawn to and still be safe to hold through the next weakening.
Session Max LTV: 44.89%
Only available while the session holds, and only with the cure covenant attached.
Debt ceiling: 7,659.48
In USDG, the total debt this asset may support.
Executable depth at 1%: 10,212.65
The notional that can be sold into the real pools for at most 1% impact, in USDG.
Usable for new risk: yes

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.

wKUAIx → USDG

C(0.5%) 4.8k · C(1%) 10.2k · C(3%) 23.7k

0x9D5d…a0f2

Aggregate depth: 10,212.65 at 1%
C(0.5%) 4,813.26 · C(3%) 23,676.53 · fragmentation factor 1 applied across eligible venues.
Cross-check: 10,212.65

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: 3.928817
Excluded: xstocks:price-data (stale by 57114s)
Sources used: yahoo:chart:1024.HK, yahoo:chart:HKD=X
Pool: 3.901787
Time-weighted average over 900s along 0x9D5d…a0f2
Dispersion: 0.688%
Within the guard.
Regime haircut: 1.844%
Credit Mark: 3.829838
Band 3.791539 to 3.901787. 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
XHKG · Asia/Hong_Kong · since 2026-09-21 08:10 UTC
Next transition: pre open
2026-09-22 01:00 UTC · in 52m 28s
Next weakening: lunch break
2026-09-22 04:00 UTC
The deadline a Session Max position must cure by.
Last Call window: closed
2026-09-22 03:30 UTC to 2026-09-22 04:00 UTC · 30m 00s 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.

Posted	Regime	Credit Mark	Carry	Session Max	Debt ceiling	Tx
2026-09-22 00:02 UTC	Reference closed	3.8299	43.09%	44.89%	7.7k	0x4217…8613
2026-09-21 23:57 UTC	Reference closed	3.8300	42.46%	44.15%	7.7k	0x0e6d…3adf
2026-09-21 23:47 UTC	Reference closed	3.8300	42.46%	44.15%	7.7k	0x3b35…3956
2026-09-21 23:37 UTC	Reference closed	3.8300	42.46%

← All assets