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keel
Ledger
64,751,044
Methodology
1.0.8-draft
Age
6s

AFR against USDC — what depth stands behind this price?

All assets

AFR / USDC

GBX6…N54W

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
27.11 USDC (shortened; full value 27.114901081110628574355405767435324058411681483 USDC)Limited by liquidation depth
Depth within 5%
buy54.14 USDC (shortened; full value 54.1436766354370139057591959016 USDC)sell24.33 USDC (shortened; full value 24.332046249140650583748156358474690046358580689525 USDC)
Cost to move +50%
615.21 USDC (shortened; full value 615.21492050003293712022968 USDC)Reachable through the order book
Checks
3 triggered3 not evaluated

History

Window
Resolution
Source

Price

The midpoint the engine read at each scan. It says what the market quotes, not what it can absorb.

Higher at the end of the window than at its start

Lowest
0.00056402 USDC (shortened; full value 0.0005640299823148 USDC)
Highest
0.00065741 USDC (shortened; full value 0.0006574108118851 USDC)
2026-09-26T15:50:41Z — 2026-10-03T15:08:22Z
Mid price
0.00065463 USDC (shortened; full value 0.0006546302175122 USDC)
169 readings from horizon, with no gaps reported. One source per chart.

Checks

What fires now, how long it has been firing across the window above, and what could not run.
Cheap to move the pricenowMANIPULATION_CHEAPthroughout
Cheap next to real tradingnowMANIPULATION_RATIO_LOWthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Nothing tradable within 2%ZERO_DEPTH_2PCT71 of 169
Extreme spreadSPREAD_EXTREME40 of 169
Price sources disagreePRICE_SOURCE_CONFLICT22 of 169

Not evaluated3

  • No genuine trade in 30 days
  • No genuine trade in 7 days
  • Volume may be wash traded

Evidence

The figures behind the verdict, as the engine served them.

The ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.

27.11 USDC (shortened; full value 27.114901081110628574355405767435324058411681483 USDC)

Limited by liquidation depth

Liquidation termbinds
27.11 USDC (shortened; full value 27.114901081110628574355405767435324058411681483 USDC)

Sell-side depth at the liquidation delta, times the haircut.

Manipulation term
153.80 USDC (shortened; full value 153.80373012500823428005742 USDC)

Order-book-only manipulation cost at the critical delta, times the safety margin.