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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

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
1.11299794 USDC (shortened; full value 1.1129979446770685 USDC)
Highest
1.13475011 USDC (shortened; full value 1.1347501146055227 USDC)
2026-09-26T15:50:56Z — 2026-10-03T15:08:42Z
Mid price
1.11299794 USDC (shortened; full value 1.1129979446770685 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.

An averaging oracle makes an attacker outweigh genuine trading as well as move the book. A market with no genuine volume has no such defence.

Cost of a 50% move, order book only
101,549.14 USDC (shortened; full value 101549.145721478650408770065 USDC)

The target is reachable through the order book

Genuine volume in the oracle window
4,162.52 USDC (shortened; full value 4162.5276696 USDC)

Over the last 900 seconds (15 minutes), after the genuine-trade filter

Cost against genuine volume
24.3960 (shortened; full value 24.3960289953428854941178611307)

Below 1, moving the price is cheaper than all genuine trading across the window. Not computed when there was no genuine volume or the target is unreachable

Total attack cost
105,711.67 USDC (shortened; full value 105711.673391078650408770065 USDC)

The move, plus the genuine volume an averaging oracle forces an attacker to outweigh