Orki USD (USDK) frozen stablecoin archive
USDK was Orki's Liquity v2-style CDP stablecoin on Swellchain, frozen after the underlying chain shutdown in June 2026.
Static Profile
Static stablecoin profile
Orki USD (USDK) static profile: governance model Decentralized (DeFi); backing model Crypto-Collateralized; peg US Dollar.
AI summary / Updated Jun 12, 2026
Orki's USDK brings Liquity V2-style CDP mechanics to Swellchain, minted against WETH, weETH, rswETH, and swETH rather than a clean ETH-only base. The governance story is unusually pure for this batch: immutable branch assignments, no individual admin mint path, and...
AI summary · drafted by gpt-5-codex · reviewed by Codex data review on Jun 12, 2026 · facts as of Jun 12, 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?
Orki USD is a frozen Pharos archive, not a current safety endorsement. The archived static profile records a Decentralized (DeFi) governance model, Crypto-Collateralized backing, curated reserve profile, and notes that freeze or administrative control exposure is possible but not fully confirmed.
Next Actions
This record preserves static and historical context; live actions are available only for active assets.
Source: checked-in StablecoinMeta profile fields. This inactive record does not participate in current live monitoring; the summary above was last updated Jun 12, 2026.
USDK quick answers
What is Orki USD (USDK)?
USDK was Orki's Liquity v2-style CDP stablecoin on Swellchain, frozen after the underlying chain shutdown in June 2026. 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
Is USDK safe?
Orki USD is a frozen Pharos archive, not a current safety endorsement. The archived static profile records a Decentralized (DeFi) governance model, Crypto-Collateralized backing, curated reserve profile, and notes that freeze or administrative control exposure is possible but not fully confirmed.
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: curated reserve profile.
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. USDK is a frozen Pharos archive; the recorded history below is read-only.