Orki USD (USDK) stablecoin analytics
USDK is Orki's Liquity v2-style CDP stablecoin on Swellchain, minted against WETH, weETH, rswETH, and swETH; SWELL collateral branch currently shut down.
Static Profile
Static stablecoin profile
Orki USD (USDK) static profile: governance model Decentralized (DeFi); backing model Crypto-Collateralized; peg US Dollar.
AI summary / Updated May 15, 2026
Orki's USDK brings Liquity V2's immutable CDP architecture to Swellchain, betting the protocol on LST/LRT collateral and the restaking thesis staying solvent. Orki Finance brings Liquity V2's immutable CDP architecture to Swellchain, accepting LST and LRT collateral like swETH...
AI summary · drafted by claude-opus-4-7 · reviewed by @TokenBrice on May 15, 2026 · facts as of May 15, 2026
- Collateral
- WETH, weETH, rswETH, and swETH in overcollateralized Liquity v2-style CDP markets on Swellchain; the configured SWELL branch is currently shut down in live on-chain telemetry
- Peg Mechanism
- Overcollateralized CDP with Liquity v2-style user-set interest rates and direct on-chain redemption for underlying collateral; Stability Pools absorb liquidations per collateral market
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 1 deployment tracked across Swellchain.
Snippet Answer
Is USDK safe?
Pharos does not mark USDK as absolutely safe. Static metadata says Orki USD uses a Decentralized (DeFi) governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that freeze or administrative control exposure is possible but not fully confirmed. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Next Actions
Exact bot target: /subscribe dews,depeg,safety usdk-orki
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated May 15, 2026.
USDK quick answers
What is Orki USD (USDK)?
USDK is Orki's Liquity v2-style CDP stablecoin on Swellchain, minted against WETH, weETH, rswETH, and swETH; SWELL collateral branch currently shut down. The static profile records its US Dollar peg mechanism as: Overcollateralized CDP with Liquity v2-style user-set interest rates and direct on-chain redemption for underlying collateral; Stability Pools absorb liquidations per collateral market
What backs USDK?
Pharos classifies USDK backing as Crypto-Collateralized. Collateral, per the static profile: WETH, weETH, rswETH, and swETH in overcollateralized Liquity v2-style CDP markets on Swellchain; the configured SWELL branch is currently shut down in live on-chain telemetry Reserve evidence: live reserve feed configured.
Can USDK be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze or administrative control exposure is possible but not fully confirmed. Live freeze and blacklist events for USDK, when applicable, appear in the dossier below.