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keel
Ledger
64,752,667
Methodology
1.0.8-draft
Age
7s

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
13,542.42 USDC (shortened; full value 13542.420897700463430089366889320810801178329585762025 USDC)Limited by liquidation depth
Depth within 5%
buy104,197.77 USDC (shortened; full value 104197.779081024321705969424740099 USDC)sell25,711.36 USDC (shortened; full value 25711.36331398330871518857903738033945615689140288416 USDC)
Cost to move +50%
105,096.44 USDC (shortened; full value 105096.44473121493022991226008 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.

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
105,096.44 USDC (shortened; full value 105096.44473121493022991226008 USDC)

The target is reachable through the order book

Genuine volume in the oracle window
488.51 USDC (shortened; full value 488.519703 USDC)

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

Cost against genuine volume
215.1324 (shortened; full value 215.1324584982295590847689107025)

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
105,584.96 USDC (shortened; full value 105584.96443421493022991226008 USDC)

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