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. Mirror listings carry a liquidation threshold three points above mainnet (kKOx 68% against KOx 65%, kHKEXCx 63% against HKEXCx 60%): the testnet guardrail ceiling has to sit above the Session Max relayed from mainnet, or the contract clamps Session Max down to Carry and the cure covenant can never trigger, and the threshold sits six points above that ceiling so a position drawn to it is not liquidatable on the next small move of the compressed demo cycle. A listed threshold has no setter, so it stays fixed. 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- Credit Mark
- 87.003592
- Carry LTV
- 52.01%
Held through the next weakening, with no covenant attached.
- Session Max LTV
- 55.15%
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
- 8,216.74 mUSDG
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 →