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keel
Ledger
64,751,047
Methodology
1.0.8-draft
Age
9s

EURC against USDC — what depth stands behind this price?

All assets

EURC / USDC

GDHU…NPP2

Risk band

Medium

partial confidence

A floor: the real band can only be worse.

Max safe collateral
12,508.54 USDC (shortened; full value 12508.542578198517488079432877104735020443808715352032 USDC)Limited by liquidation depth
Depth within 5%
buy100,822.83 USDC (shortened; full value 100822.835128356035909253581737447 USDC)sell23,856.96 USDC (shortened; full value 23856.961625289281664065893106624750670545194242064704 USDC)
Cost to move +50%
101,549.14 USDC (shortened; full value 101549.145721478650408770065 USDC)Reachable through the order book
Checks
1 triggered3 not evaluated

Cost to move the price 50%

The stored series carries one manipulation rung, the +50% move. A reading the engine could not produce breaks the line rather than sitting at zero.

Lower at the end of the window than at its start

Lowest
66,837.38 USDC (shortened; full value 66837.38318699210440114083502 USDC)
Highest
310,296.40 USDC (shortened; full value 310296.40071418620538 USDC)
2026-09-26T15:50:56Z — 2026-10-03T15:08:42Z
Cost to move +50%
106,263.79 USDC (shortened; full value 106263.79984490834491902121852 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.
Thin depth at 5%nowTHIN_DEPTH_5PCT110 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.

12,508.54 USDC (shortened; full value 12508.542578198517488079432877104735020443808715352032 USDC)

Limited by liquidation depth

Liquidation termbinds
12,508.54 USDC (shortened; full value 12508.542578198517488079432877104735020443808715352032 USDC)

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

Manipulation term
25,387.28 USDC (shortened; full value 25387.28643036966260219251625 USDC)

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