SLVx

SLV on ARCX · pool quoted in USDC · pool 0xd510…f4a6

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: 59.037386
band 58.4467 to 59.9416
Carry LTV: 28.46%
The ceiling a position can be drawn to and still be safe to hold through the next weakening.
Session Max LTV: 37.58%
Only available while the session holds, and only with the cure covenant attached.
Debt ceiling: 2,983.44
In USDG, the total debt this asset may support.
Executable depth at 1%: 4,989.15
The notional that can be sold into the real pools for at most 1% impact, in USDG.
Usable for new risk: yes
Posted 2026-09-22 00:03 UTC, 3m 17s ago. transaction

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.

wSLVx → USDC → USDG

C(0.5%) 2.3k · C(1%) 5.0k · C(3%) 15.8k

0xd510…f4a6 · 0xbB9a…0d40

Aggregate depth: 4,989.13 at 1%
C(0.5%) 2,331.66 · C(3%) 15,814.36 · fragmentation factor 1 applied across eligible venues.

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: 59.952500
Sources used: xstocks:price-data, yahoo:chart:SLV
Pool: 59.941618
Spot along 0xd510…0d40
Dispersion: 0.018%
Within the guard.
Regime haircut: 1.509%
Credit Mark: 59.037054
Band 58.446683 to 59.941618. 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
ARCX · America/New_York · since 2026-09-22 00:00 UTC
Next transition: pre open
2026-09-22 08:00 UTC · in 7h 52m
Next weakening: session close
2026-09-22 20:00 UTC
The deadline a Session Max position must cure by.
Last Call window: closed
2026-09-22 19:00 UTC to 2026-09-22 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.

Posted	Regime	Credit Mark	Carry	Session Max	Debt ceiling	Tx
2026-09-22 00:03 UTC	Reference closed	59.0374	28.46%	37.58%	3.0k	0xa338…5a0a
2026-09-21 23:53 UTC	Thin	59.3512	28.22%	37.18%	2.9k	0x532b…62dd
2026-09-21 23:48 UTC	Thin	59.3776	28.22%	37.18%	2.9k	0xd61b…4649
2026-09-21 23:38 UTC	Thin

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