XTUSD

—

XTUSD is XT.com/XSC's MakerDAO-style vault dollar, minted against overcollateralized XTDao crypto vaults with limited public on-chain tooling for Pharos.

Frozen Archive

USD-Pegged Crypto-Backed Centralized

Price

N/A

Observed price unavailable

Market cap

$1.25M

0.00% 24h

Supply

— XTUSD

— 7d

DEWS

Peg

Liq

30d Excess

Price

N/A

Observed price unavailable

Market cap

$1.25M

0.00% 24H

Supply

— XTUSD

— 7D

30d Excess

—

MechanismCrypto CDPMintingImmutable CDP FreezeNoJurisdictionSeychelles

MintingImmutable CDP FreezeNoJurisdictionSeychelles

Liquidity Drain

“The only market went quiet”

XTUSD archived 2026-09-23

XT.com's official xtusd_usdt market stopped updating on July 18, 2026: the exchange ticker froze at that timestamp, the order book emptied, and the pair no longer appears in the exchange's symbol list. CoinGecko ended the feed on July 20 with an implausible tail near $0.04, and CoinMarketCap lists the asset inactive. XTUSD circulates on XSC, which Pharos does not index, so no contracts are configured and no identity-safe DEX route can be expressed. With the last admissible price at 0.93205 on July 20 and roughly $1.25M still circulating, Pharos freezes XTUSD as an archived market-ended asset rather than an active stablecoin.

XT.COM XTUSD delisting announcement View on cemetery →

XT.com XSC CDP Dollar

XTUSD is XT.com's exchange-issued dollar, and its live deployment on XSC is a Maker-style Vat carrying a single debt-bearing collateral type, Wrapped XT. What the on-chain read found is what is missing. No Spotter, price feed, or other update contract is authorized on that Vat, so the collateral price sits at a fixed value with no identified mechanism to move it. No Cat, Dog, auction, or global-settlement module is authorized either. The 2022 announcement promised a 150% minimum collateral ratio and an auction for risky vaults. Its 3% annual fee matches the Jug's duty exactly, so interest accrues as advertised, while the auction has no contract standing behind it. The Median/OSM/Spotter stack that does exist on XSC is wired to the issuer's legacy TAI deployment, not to this one. The market then ended: XT.com's xtusd_usdt pair stopped updating on 18 July 2026, CoinGecko's feed ended two days later, and Pharos froze XTUSD on 23 September 2026 as an archived market-ended asset. Roughly $1.25 million remained in circulation at the last snapshot, held in a vault system that can neither reprice nor liquidate its collateral.

Updated 2026-10-19 · AI summary · drafted by claude-opus-5-5 · facts as of 2026-10-19

AI policy

Centralized (CeFi)|Compare

Depeg Early Warning

Not applicablefrozen archive

Backing evidence

XTUSD

Overcollateralized

165.1%as reviewed

Review notes & sources (9)

Collateralization at market price: 114.2%
Collateralization at spot price: 110.1%
Collateralization over circulating supply: 345.9%
VOW surplus share of debt: 0.523
System debt xt: $4.8M
Circulating supply xt: $2.3M

Reviewed gaps

Liquidation capacity ratioNot applicable
XTUSD liquidations run through the XTDao protocol's MakerDAO-style auction mechanism for risky vaults, which is funded by external bidder capital rather than by an XTUSD-dedicated pool contractually committed to debt offset; the deployed system contains no committed liquidation pool. The measured Vow surplus (2,509,378.29 XTUSD, 52.27% of vat debt at XSC block 47623618) is loss-absorption capital for bad debt evidenced in the backstop component, not committed auction bid capacity.Source
Branch isolationNot applicable
XTUSD is a single-collateral system: the issuer announcement names XT as the sole accepted collateral asset, and the only live debt ilk (XT-A) uses one Wrapped XT gem join holding all 1,519,027.961 WXT of collateral at XSC block 47623618, so there are no distinct collateral branches between which losses could be isolated.Source

XT.COM announcement on TAI contract upgrade and renaming as XTUSD (XTDao MakerDAO-based vault system, auction mechanism, XT-A/B/C minimum collateral ratios 150/170/200% and fees)

Reviewed 2026-07-20

XTUSD

Structure undisclosed

Held by

XTDao vault contracts on XSC

Reserves sit with one named custody provider; the account structure is undisclosed.

Confidence: Manual review

Providers (1)

XTDao vault contracts on XSC
Other
Share not disclosed

Review notes & sources (2)

XTUSD is described as an XTDao vault stablecoin on XSC under XT.com issuer operations, but no reviewed source names a custodian, account segregation, insolvency treatment, rehypothecation terms, or current vault-level collateral.

XT.COM XTUSD announcement

Reviewed 2026-07-20

Control evidence

XTUSD Mint Authority

Users mint XTUSD against collateral in immutable contracts; supply is unbounded but reconciled or supervised.

Confidence: Manual reviewControl posture: DAO governed

Control map

IssuerImmutable CDP

ControlsDirect minterMinter adminCustodian

SupplyXTUSDUnbounded, reconciled or prudentially supervised

Scoring breakdown

Derived posture Unknown

Component score Unavailable

The current Safety Score publication is unavailable; reviewed mint authority evidence remains available.

Primary controls (4)

XTDao DaiJoin (sole XTUSD ward, live)
Direct minter / Contract
xsc / 0xa57cde...bb98ab
MintCap-limited
Mints XTUSD on user exit against Vat dai drawn on collateral; bounded by the Vat ilk XT-A line of 1e54 rad (1,000,000,000 XTUSD) and the global Line of about 1.456e54 rad. No reviewed function on a current Vat ward can raise these ceilings, so the cap is effectively frozen.
XTDao Vat (CDP debt engine, live)
Minter admin / Contract
xsc / 0xf9d481...5e786b
MintCan authorize
Holds the XT-A debt ceiling (line = 1e54 rad) and global Line (~1.456e54 rad). Only Vat wards can file new ceilings or rely new adapters; the current wards are the Jug and the XT-A GemJoin, neither of which exposes such a call, and the deployer was revoked, so parameter governance is effectively frozen.
XTDao GemJoin XT-A (Wrapped XT collateral adapter)
Custodian / Contract
xsc / 0xdec7d8...b63d2e
MintNone
Custodies WXT collateral for ilk XT-A and holds a Vat ward for collateral accounting (slip); it cannot mint XTUSD and exposes no ceiling-raising call.
XTDao Jug (stability-fee module, Vat ward)
Other / Contract
xsc / 0x8276a3...e5eb0b
MintParameter-only
Accumulates the XT-A stability fee into Vat-internal dai owed to the vow; as a Vat ward it can alter system accounting but cannot directly mint XTUSD or raise the debt ceiling.

Review notes & sources (6)

D14 review 2026-10-03: corrected Vat canRaiseCap to false to match the existing effectively-frozen governance evidence; this is not a new ward-census claim. XSC block 47838017 hash 0x90d5c535ff88f0cab61b2ab7eeb54d0135fc69d29c6d7ad74b090f432598b9f2 was retrieved. Explorer sourceCodeDetail returns empty sourceFiles and null compilation for Vat, DaiJoin, GemJoin and Jug; Sourcify does not support chain 520. No verified-source/bytecode-matched construction certificate is available, and the July review cannot exclude a never-used ward. Economic cap is unknown, not an assertion that governance can presently raise it; retained can-authorize conservatively encodes the unbounded branch and continuous reconciliation yields unbounded-reconciled.

Control posture

Material control is classified as exercised through an onchain governance process rather than one operator or signer group.

Centralized (CeFi) is the broader governance classification. Control posture describes more precisely where operational authority sits.

Control posture is not a Safety Score input. Economic Control is scored from the reviewed mint authority, oracle and bridge evidence.

Reviewed 2026-10-03

XTUSD

Opaque / unknown

Collateral is priced from an undisclosed pricing method.

Oracle review: Probable

Min CR150%

Liquidation delayNone

Pricing path

SourcesNone identified: the XT-A collateral price is a static Vat.spot with no authorized updater

AggregatorOpaque / unknown1 feed

ConsumerLiquidation engine

Feeds, parameters & failure behavior

Feeds

Vat 0xf9d4810f1b140d869d2f92ca8da1755ea55e786b ilks("XT-A").spot returns 3.478066666666666666666666666 ray, byte-identical on datarpc1 and datarpc2 at blocks 48866032/48866034 (2026-09-01) and unchanged from the block-48187434 read of 2026-08-08 — 678,598 blocks and 24 days with no price movement whatsoever, which is what a spot with no authorized updater looks like. No Spotter, pip, OSM, or median contract is a Vat ward: wards() answers 1 only for the Jug 0x8276a38e484771ee1b14c60aaa85ab2147e5eb0b and the XT-A GemJoin 0xdec7d8fe3955ccbeb009e366c583fba2a9b63d2e, and 0 for the DaiJoin 0xa57cde0585010aa1bcfadb3bf6f3445349bb98ab, the vow 0x73c190d6be81bbe3cbe96bb83d8ab66f1c645160, the CDP manager 0x5611e8f241a6fd545b642dff90c6ad8c68f89b99, the deployer 0xE8864ba6b3A6e2f5104A0ECFFd90E2C9fd2cb4Dc, WXT 0x4b681a704664ce482c45ec16ac9ecc9b121fb037, and the Vat itself — the same answers at both the 2026-08-08 and 2026-09-01 blocks. Neither ward exposes a spot-poke path, and the Median-OSM-Spotter stack deployed on XSC is wired to the legacy TAI token 0x775c4bc7…, not to XTUSD or this Vat. Not-published: feed provider, feed address, heartbeat, staleness bound, and failover for the live path. · None identified: the XT-A collateral price is a static Vat.spot with no authorized updater · Xsc

XT-A vault ilk (Wrapped XT)

WXT (Wrapped XT, ilk XT-A) · MCR 150% · The 150% minimum collateral ratio and 3% annual fee come from the issuer's 2022 launch announcement, not from a live Spotter read; the live Vat has no Spotter ward, so mat is not readable on-chain (the Jug duty independently matches 3.0000% annualized, with base 0, at blocks 48187434 and 48866032). Live Vat ilk XT-A parameters, re-read on two independent XSC RPCs (datarpc1 block 48866032, datarpc2 block 48866034, 2026-09-01) and byte-identical to the block-48187434 read of 2026-08-08: line 1,000,000,000 XTUSD (1e54 rad), dust 10 XTUSD (1e46 rad), spot 3.4780667 ray, rate 1.109768838172783259552580622 ray, Art 4,325,685.429106121218664325, Vat-internal debt Art x rate = 4,800,510.892960037551764310893306 XTUSD against a global Line of 2,000,000,000 XTUSD, so the ilk ceiling matches the announced 1,000,000,000 XTUSD design and is not breached. debtSharePct 100 no longer rests on transaction-history inference: Vat.debt reads 4800510892960037551764310893306021067552105717710150 rad, exactly XT-A's Art x rate, so every unit of Vat-internal debt is XT-A debt and no other ilk carries any.

The issuer announcement describes an auction mechanism that handles risky vaults, but no liquidation module (Maker-style Cat/Dog or Flip/Clip auction contract) is a current Vat ward at block 48187434. Only the Jug and the XT-A GemJoin are authorized, and vault collateral seizure (Vat.grab) requires Vat auth, so no on-chain liquidation path is operable on the live deployment. No liquidation timer, grace period, or auction window stands on that path either, because no module exists to start one: liquidationDelaySec 0 records the absence of a delay parameter, not an ability to liquidate promptly. Not-published: liquidation trigger conditions and auction parameters. · liquidation delay None

The Jug's vow() resolves to 0x73c190d6be81bbe3cbe96bb83d8ab66f1c645160, so Vat-internal surplus/debt accounting exists, but no flapper/flopper auction pair, stability pool, insurance fund, or committed bad-debt buyer was identified among authorized contracts, and the issuer publishes none. Not-published: any auction-based or fund-based liquidation backstop.

No oracle feed is identifiable on the live path. Among all probed system contracts (deployer, DaiJoin, CDP manager, Jug, GemJoin), only the Jug and the XT-A GemJoin are Vat wards at block 48187434, and neither exposes a file/poke that can update Vat.spot, so the XT-A spot of 3.4780667 ray has no identified on-chain update mechanism, no heartbeat, and no staleness rejection. The Median→OSM→Spotter stack visible on XSC is wired only to the legacy TAI deployment (token 0x775c4bc7…), not to the XTUSD token 0x1a6131ea… or the live Vat, and the issuer announcement names no oracle provider, feed address, heartbeat, or failover. Not-published: any feed identity or failover for the live path.

Vat.live() = 1 at block 48187434 and no global-settlement (End-like) module is authorized on the live Vat; the issuer publishes no shutdown, settlement, write-off, or bad-debt socialization procedure, and with no operable liquidation module an undercollateralized vault has no identified on-chain resolution path. Not-published: shutdown and bad-debt handling.

Review notes & sources (6)

The live XTUSD Vat 0xf9d4810f1b140d869d2f92ca8da1755ea55e786b on XSC carries a single debt-bearing ilk, XT-A (Wrapped XT collateral), with Vat.spot set to 3.4780667 ray at block 48187434 (2026-08-08), but no Spotter, pip, or other price-update contract is a current Vat ward: only the Jug and the XT-A GemJoin are authorized among probed system contracts, and neither exposes a spot-poke path, so the collateral-price path is opaque and has no identified on-chain update mechanism. The Median/OSM/Spotter stack observed on XSC is wired only to the legacy TAI deployment (token 0x775c4bc7…), not to the XTUSD token 0x1a6131ea… or the live Vat, and the issuer announcement names no feed, heartbeat, or failover. No Cat/Dog, auction, or global-settlement module is authorized on the live Vat either, so the announced auction-based liquidation is not operable on-chain at the reviewed block. Re-verified on 2026-09-01 at blocks 48866032 (datarpc1) and 48866034 (datarpc2): the XT-A spot is byte-identical to the 2026-08-08 read after 678,598 blocks, the ward set is still only the Jug and the XT-A GemJoin, and Vat.debt equals XT-A Art x rate to the last wei-rad, so XT-A carries 100.000% of all Vat-internal debt.

XT-A vault ilk (Wrapped XT): XT-A is the sole debt-bearing collateral branch: 4,325,685.429106121218664325 XTUSD of vault debt (Art) against WXT, byte-identical at block 48187434 (2026-08-08) and at blocks 48866032/48866034 (2026-09-01). Its 100.000% debt share is arithmetic, not inferred: Vat.debt equals XT-A Art x rate with a zero residual, leaving no room for a second debt-bearing ilk. The Vat's XT-A spot is 3.4780667 ray, but no current Vat ward can update it and no liquidation module is authorized to act on unsafe vaults. The issuer's 2022 announcement publishes a 150% minimum collateral ratio and 3% annual fee for XT-A; the Jug duty reads 1.000000000937303470807876289 ray, 3.0000% annualized, matching the announcement, with base 0 and rho 1768050306 (2026-01-10T13:05:06Z, the last drip), but the mat/liquidation ratio is not readable on-chain because no Spotter holding that ratio is wired to the live Vat.

Reviewed 2026-09-01

XTUSD

Not freezable

Under the reviewed deployment-materiality scope, no issuer freeze, seizure, or holder blacklist path sets the verdict. Peripheral deployment controls, if any, are described in the review notes.

Sourced review

Power and scope

PowerNot freezable

Review notes & sources (3)

Verified 2026-09-21 at XSC block 49439522: XTUSD 0x1a6131eaf7edd96afa10fc75b0d79dd814d19ed0 had runtime code hash 0x302ae7234dc85934bc18e175d5d43ec14feabf53c1fd61cb889a04e800c804fc and a zero EIP-1967 implementation slot. Runtime selector inspection exposed the standard ERC-20 surface plus Maker-style wards/rely/deny, mint/burn, and push/pull/move methods; it exposed no pause, blacklist, freeze, allowlist, seizure, or transfer-hook administration surface, and paused() reverted. The token therefore has no identified direct privileged restriction of holder transfers; ward authority can mint or burn but does not alter ordinary holder transfer eligibility.

Reviewed 2026-09-21

Non-indexed issuance chain

XTUSD primarily circulates on XSC, which is not EVM-indexed by Pharos. No on-chain contract is stored; supply and metadata are supplemented by external sources only.

Redemption backstop not modeled

XTUSD is tracked from market and issuer metadata, but Pharos has not source-reviewed a public holder redemption route for backstop scoring.

Key links

Website Twitter

Supply & Liquidity

Data frozen on 2026-09-23. Pharos no longer collects new metrics for this asset.

History

Data frozen on 2026-09-23. Pharos no longer collects new metrics for this asset.

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Peers

All US Dollar stablecoins

Taxonomy

All US Dollar stablecoins Centralized (CeFi) stablecoins Crypto-Collateralized stablecoins

Trackers

Stablecoin safety scores DEX liquidity rankings Depeg tracker See all CDP stablecoins

Actions

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Safety

Frozen· not scored

Peg—Liquidity—DEWSN/A· frozen

Collateralization

Overcollateralized

165.1%as reviewed

Details & sources (9)

Collateralization at market price: 114.2%
Collateralization at spot price: 110.1%
Collateralization over circulating supply: 345.9%
VOW surplus share of debt: 0.523
System debt xt: $4.8M
Circulating supply xt: $2.3M

Reviewed gaps

Liquidation capacity ratioNot applicable
XTUSD liquidations run through the XTDao protocol's MakerDAO-style auction mechanism for risky vaults, which is funded by external bidder capital rather than by an XTUSD-dedicated pool contractually committed to debt offset; the deployed system contains no committed liquidation pool. The measured Vow surplus (2,509,378.29 XTUSD, 52.27% of vat debt at XSC block 47623618) is loss-absorption capital for bad debt evidenced in the backstop component, not committed auction bid capacity.Source
Branch isolationNot applicable
XTUSD is a single-collateral system: the issuer announcement names XT as the sole accepted collateral asset, and the only live debt ilk (XT-A) uses one Wrapped XT gem join holding all 1,519,027.961 WXT of collateral at XSC block 47623618, so there are no distinct collateral branches between which losses could be isolated.Source

XT.COM announcement on TAI contract upgrade and renaming as XTUSD (XTDao MakerDAO-based vault system, auction mechanism, XT-A/B/C minimum collateral ratios 150/170/200% and fees)

Reviewed 2026-07-20

Key links

Website Twitter

News

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Evidence index

Backing

CustodyStructure undisclosed

Control

Mint AuthorityMint score unavailable
Collateral pricing & liquidationOpaque / unknown
Freeze & seizureNot freezable

Profile

XTUSD profile facts

XTUSD (XTUSD) static profile: governance model Centralized (CeFi); backing model Crypto-Collateralized; peg US Dollar.

Centralized (CeFi)Crypto-Collateralized US Dollar

Collateral: Overcollateralized XTDao vault collateral on XSC; issuer materials describe XT as the initial collateral asset with protocol support for additional collateral over time, but public live collateral composition remains hard to verify without XSC tooling.
Peg mechanism: XTDao CDP: users mint XTUSD against overcollateralized vaults; risky vaults are auctioned to keep collateral above outstanding debt. Secondary market and account liquidity run through XT.com, and Pharos does not model a fiat cash redemption window.
Jurisdiction: Seychelles
Proof of reserves: No proof-of-reserves entry in the static profile.
Contracts: No contract deployments are listed in the static profile.

Source: Pharos registry profile fields. This inactive record does not participate in current live monitoring.

XTUSD quick answers

What is XTUSD?

XTUSD is XT.com/XSC's MakerDAO-style vault dollar, minted against overcollateralized XTDao crypto vaults with limited public on-chain tooling for Pharos. The static profile records its US Dollar peg mechanism as: XTDao CDP: users mint XTUSD against overcollateralized vaults; risky vaults are auctioned to keep collateral above outstanding debt.

Is XTUSD safe?

XTUSD is a frozen Pharos archive, not a current safety endorsement. The archived static profile records a Centralized (CeFi) governance model, Crypto-Collateralized backing, curated reserve profile, and notes that no direct freeze-control path sets the verdict under the reviewed deployment-materiality scope.

What backs XTUSD?

The archived Pharos profile records XTUSD's reserves as of Jul 20, 2026 as 100% XTDao vault collateral (current composition unverified). Reserve evidence: curated reserve profile. Pharos classifies the backing as Crypto-Collateralized.

Can XTUSD be frozen or blacklisted?

Based on tracked contract metadata and blacklist coverage, no direct freeze-control path sets the verdict under the reviewed deployment-materiality scope. XTUSD is a frozen Pharos archive; the recorded history below is read-only.

“The only market went quiet”

XTUSD archived 2026-09-23

XT.COM XTUSD delisting announcement View on cemetery →

Backing evidence

XTUSD

Overcollateralized

165.1%as reviewed

Review notes & sources (9)

Collateralization at market price: 114.2%
Collateralization at spot price: 110.1%
Collateralization over circulating supply: 345.9%
VOW surplus share of debt: 0.523
System debt xt: $4.8M
Circulating supply xt: $2.3M

Reviewed gaps

Liquidation capacity ratioNot applicable
XTUSD liquidations run through the XTDao protocol's MakerDAO-style auction mechanism for risky vaults, which is funded by external bidder capital rather than by an XTUSD-dedicated pool contractually committed to debt offset; the deployed system contains no committed liquidation pool. The measured Vow surplus (2,509,378.29 XTUSD, 52.27% of vat debt at XSC block 47623618) is loss-absorption capital for bad debt evidenced in the backstop component, not committed auction bid capacity.Source
Branch isolationNot applicable
XTUSD is a single-collateral system: the issuer announcement names XT as the sole accepted collateral asset, and the only live debt ilk (XT-A) uses one Wrapped XT gem join holding all 1,519,027.961 WXT of collateral at XSC block 47623618, so there are no distinct collateral branches between which losses could be isolated.Source

XT.COM announcement on TAI contract upgrade and renaming as XTUSD (XTDao MakerDAO-based vault system, auction mechanism, XT-A/B/C minimum collateral ratios 150/170/200% and fees)

Reviewed 2026-07-20

XTUSD

Structure undisclosed

Held by

XTDao vault contracts on XSC

Reserves sit with one named custody provider; the account structure is undisclosed.

Confidence: Manual review

Providers (1)

XTDao vault contracts on XSC
Other
Share not disclosed

Review notes & sources (2)

XT.COM XTUSD announcement

Reviewed 2026-07-20

Control evidence

XTUSD Mint Authority

Users mint XTUSD against collateral in immutable contracts; supply is unbounded but reconciled or supervised.

Confidence: Manual reviewControl posture: DAO governed

Control map

IssuerImmutable CDP

ControlsDirect minterMinter adminCustodian

SupplyXTUSDUnbounded, reconciled or prudentially supervised

Scoring breakdown

Derived posture Unknown

Component score Unavailable

The current Safety Score publication is unavailable; reviewed mint authority evidence remains available.

Primary controls (4)

XTDao DaiJoin (sole XTUSD ward, live)
Direct minter / Contract
xsc / 0xa57cde...bb98ab
MintCap-limited
Mints XTUSD on user exit against Vat dai drawn on collateral; bounded by the Vat ilk XT-A line of 1e54 rad (1,000,000,000 XTUSD) and the global Line of about 1.456e54 rad. No reviewed function on a current Vat ward can raise these ceilings, so the cap is effectively frozen.
XTDao Vat (CDP debt engine, live)
Minter admin / Contract
xsc / 0xf9d481...5e786b
MintCan authorize
Holds the XT-A debt ceiling (line = 1e54 rad) and global Line (~1.456e54 rad). Only Vat wards can file new ceilings or rely new adapters; the current wards are the Jug and the XT-A GemJoin, neither of which exposes such a call, and the deployer was revoked, so parameter governance is effectively frozen.
XTDao GemJoin XT-A (Wrapped XT collateral adapter)
Custodian / Contract
xsc / 0xdec7d8...b63d2e
MintNone
Custodies WXT collateral for ilk XT-A and holds a Vat ward for collateral accounting (slip); it cannot mint XTUSD and exposes no ceiling-raising call.
XTDao Jug (stability-fee module, Vat ward)
Other / Contract
xsc / 0x8276a3...e5eb0b
MintParameter-only
Accumulates the XT-A stability fee into Vat-internal dai owed to the vow; as a Vat ward it can alter system accounting but cannot directly mint XTUSD or raise the debt ceiling.

Review notes & sources (6)

Control posture

Material control is classified as exercised through an onchain governance process rather than one operator or signer group.

Centralized (CeFi) is the broader governance classification. Control posture describes more precisely where operational authority sits.

Control posture is not a Safety Score input. Economic Control is scored from the reviewed mint authority, oracle and bridge evidence.

Reviewed 2026-10-03

XTUSD

Opaque / unknown

Collateral is priced from an undisclosed pricing method.

Oracle review: Probable

Min CR150%

Liquidation delayNone

Pricing path

SourcesNone identified: the XT-A collateral price is a static Vat.spot with no authorized updater

AggregatorOpaque / unknown1 feed

ConsumerLiquidation engine

Feeds, parameters & failure behavior

Feeds

Vat 0xf9d4810f1b140d869d2f92ca8da1755ea55e786b ilks("XT-A").spot returns 3.478066666666666666666666666 ray, byte-identical on datarpc1 and datarpc2 at blocks 48866032/48866034 (2026-09-01) and unchanged from the block-48187434 read of 2026-08-08 — 678,598 blocks and 24 days with no price movement whatsoever, which is what a spot with no authorized updater looks like. No Spotter, pip, OSM, or median contract is a Vat ward: wards() answers 1 only for the Jug 0x8276a38e484771ee1b14c60aaa85ab2147e5eb0b and the XT-A GemJoin 0xdec7d8fe3955ccbeb009e366c583fba2a9b63d2e, and 0 for the DaiJoin 0xa57cde0585010aa1bcfadb3bf6f3445349bb98ab, the vow 0x73c190d6be81bbe3cbe96bb83d8ab66f1c645160, the CDP manager 0x5611e8f241a6fd545b642dff90c6ad8c68f89b99, the deployer 0xE8864ba6b3A6e2f5104A0ECFFd90E2C9fd2cb4Dc, WXT 0x4b681a704664ce482c45ec16ac9ecc9b121fb037, and the Vat itself — the same answers at both the 2026-08-08 and 2026-09-01 blocks. Neither ward exposes a spot-poke path, and the Median-OSM-Spotter stack deployed on XSC is wired to the legacy TAI token 0x775c4bc7…, not to XTUSD or this Vat. Not-published: feed provider, feed address, heartbeat, staleness bound, and failover for the live path. · None identified: the XT-A collateral price is a static Vat.spot with no authorized updater · Xsc

XT-A vault ilk (Wrapped XT)

Review notes & sources (6)

XT-A vault ilk (Wrapped XT): XT-A is the sole debt-bearing collateral branch: 4,325,685.429106121218664325 XTUSD of vault debt (Art) against WXT, byte-identical at block 48187434 (2026-08-08) and at blocks 48866032/48866034 (2026-09-01). Its 100.000% debt share is arithmetic, not inferred: Vat.debt equals XT-A Art x rate with a zero residual, leaving no room for a second debt-bearing ilk. The Vat's XT-A spot is 3.4780667 ray, but no current Vat ward can update it and no liquidation module is authorized to act on unsafe vaults. The issuer's 2022 announcement publishes a 150% minimum collateral ratio and 3% annual fee for XT-A; the Jug duty reads 1.000000000937303470807876289 ray, 3.0000% annualized, matching the announcement, with base 0 and rho 1768050306 (2026-01-10T13:05:06Z, the last drip), but the mat/liquidation ratio is not readable on-chain because no Spotter holding that ratio is wired to the live Vat.

Reviewed 2026-09-01

XTUSD

Not freezable

Under the reviewed deployment-materiality scope, no issuer freeze, seizure, or holder blacklist path sets the verdict. Peripheral deployment controls, if any, are described in the review notes.

Sourced review

Power and scope

PowerNot freezable

Review notes & sources (3)

Reviewed 2026-09-21

XTUSD

“The only market went quiet”

XT.com XSC CDP Dollar

Depeg Early Warning

Backing evidence

XTUSD Collateralization

XTUSD Custody

Control evidence

XTUSD Mint Authority

Control posture

XTUSD Collateral pricing & liquidation

Feeds

XT-A vault ilk (Wrapped XT)

XTUSD Freeze & seizure

Key links

Supply & Liquidity#

History#

Explore#

Explore next

XTUSD profile facts

XTUSD quick answers

XTUSD

“The only market went quiet”

XT.com XSC CDP Dollar

XTUSD Mechanism

Peg mechanism

Collateral

Collateral

Mechanism review

XTUSD Reserves

Depeg Early Warning

Backing evidence

XTUSD Collateralization

XTUSD Custody

Control evidence

XTUSD Mint Authority

Control posture

XTUSD Collateral pricing & liquidation

Feeds

XT-A vault ilk (Wrapped XT)

XTUSD Freeze & seizure

Key links

Supply & Liquidity#

History#

Explore#

Explore next

XTUSD Mechanism

Peg mechanism

Collateral

Collateral

Mechanism review

XTUSD Reserves

XTUSD

XTUSD

XTUSD

XTUSD

Supply & Liquidity

History

Explore

XTUSD

XTUSD

XTUSD

XTUSD

Supply & Liquidity

History

Explore