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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

Collateral ceiling

The most this asset could back at each reading: the lower of the liquidation and manipulation limits.

Lower at the end of the window than at its start

Lowest
3,283.90 USDC (shortened; full value 3283.905465017019143302785236810279118822786632465036 USDC)
Highest
77,574.10 USDC (shortened; full value 77574.100178546551345 USDC)
2026-09-26T15:50:56Z — 2026-10-03T15:08:42Z
Max safe collateral
14,392.05 USDC (shortened; full value 14392.0538328504224502343130571805103041454952956118345 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.

Read cost together with reachability: a figure on an unreachable rung says how far the book goes, not what the move costs.

Cost to move the price by each delta, through all venues and through the order book alone, with whether the target is reachable at all.
MoveTarget priceCost, all venuesCost, order book only
+50%1.673890 USDC (shortened; full value 1.673890867889197125 USDC)102,091.15 USDC (shortened; full value 102091.1563904935386076306787056231 USDC)101,549.14 USDC (shortened; full value 101549.145721478650408770065 USDC)
+100%2.231854 USDC (shortened; full value 2.2318544905189295 USDC)102,737.98 USDC (shortened; full value 102737.9898672155512385560723791564 USDC)101,741.64 USDC (shortened; full value 101741.645721478650408770065 USDC)
+1,000%12.275199 USDC (shortened; full value 12.27519969785411225 USDC)108,588.34 USDC (shortened; full value 108588.3470420696326982824438607942 USDC)103,030.14 USDC (shortened; full value 103030.145721478650408770065 USDC)
+10,000%112.708651 USDC (shortened; full value 112.70865177120593975 USDC)128,640.10 USDC (shortened; full value 128640.1079636951233348861242492379 USDC)106,936.01 USDC (shortened; full value 106936.013388995644008770065 USDC)

Reachability on the all-venues ladder is unconditionally true whenever an active pool exists, because a constant product curve has no upper price bound. The order-book-only column is the one that answers whether a target is attainable, and it is the one Keel itself uses.

Highest price the book can reach
not computed

Absorbing every ask. Not computed when an active pool exists, because a constant product curve has no highest price

Cost to reach it
not computed

Every ask below that price. Catches an attack that lands between two rungs of the ladder