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keel
Ledger
64,751,767
Methodology
1.0.8-draft
Age
8s

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
12,675.81 USDC (shortened; full value 12675.8149558820466423085616885087719487996858979423525 USDC)Limited by liquidation depth
Depth within 5%
buy105,411.17 USDC (shortened; full value 105411.1766640824512259136273490618 USDC)sell23,978.29 USDC (shortened; full value 23978.292989687407510438863198794003056601216346683285 USDC)
Cost to move +50%
106,318.42 USDC (shortened; full value 106318.42215431902198106209794 USDC)Reachable through the order book
Checks
1 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.

Lower at the end of the window than at its start

Lowest
1.11582705 USDC (shortened; full value 1.1158270547141644 USDC)
Highest
1.15887064 USDC (shortened; full value 1.15887064427797595 USDC)
2026-09-11T17:47:56Z — 2026-10-02T10:38:37Z
Mid price
1.11756409 USDC (shortened; full value 1.11756409026135475 USDC)
498 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_5PCT349 of 498

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.

12,675.81 USDC (shortened; full value 12675.8149558820466423085616885087719487996858979423525 USDC)

Limited by liquidation depth

Liquidation termbinds
12,675.81 USDC (shortened; full value 12675.8149558820466423085616885087719487996858979423525 USDC)

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

Manipulation term
26,579.60 USDC (shortened; full value 26579.605538579755495265524485 USDC)

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