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keel
Ledger
64,752,668
Methodology
1.0.8-draft
Age
4s

FRED against USDC — what depth stands behind this price?

All assets

FRED / USDC

GCA7…ZLV6

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
0.000051 USDC (shortened; full value 0.0000514500035902170766125 USDC)Limited by manipulation cost
Depth within 5%
buy23.79 USDC (shortened; full value 23.7965378842562403088047723926 USDC)sell24.25 USDC (shortened; full value 24.253102365769613981201087515240000346120373862241 USDC)
Cost to move +50%
0.00020 USDC (shortened; full value 0.00020580001436086830645 USDC)Reachable through the order book
Checks
5 triggered3 not evaluated

History

Window
Resolution
Source

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
0.000034 USDC (shortened; full value 0.0000343000012318797204 USDC)
Highest
2.04 USDC (shortened; full value 2.04885590001161896200655 USDC)
2026-09-11T17:48:01Z — 2026-10-02T10:38:42Z
Cost to move +50%
0.00020 USDC (shortened; full value 0.00020580001436086830645 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.
Cheap to move the pricenowMANIPULATION_CHEAPthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Extreme spreadnowSPREAD_EXTREME423 of 498
Price sources disagreenowPRICE_SOURCE_CONFLICT344 of 498
Cheap next to real tradingnowMANIPULATION_RATIO_LOW145 of 498
Nothing tradable within 2%ZERO_DEPTH_2PCT152 of 498
No genuine trade in 7 daysNO_GENUINE_TRADE_7D22 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.

Volume each side can absorb before the price moves 2, 5 or 10 per cent. Buy side bears on oracle manipulation, sell side on liquidation.

  • SDEX
  • AMM
  • Sell side, composition not reported

2% from mid

Buy side
9.58 USDC (shortened; full value 9.5884417535726884586449613158 USDC)
Sell side
9.62 USDC (shortened; full value 9.6268037392072216160542593996387459503220932735 USDC)

5% from mid

Buy side
23.79 USDC (shortened; full value 23.7965378842562403088047723926 USDC)
Sell side
24.25 USDC (shortened; full value 24.253102365769613981201087515240000346120373862241 USDC)

10% from mid

Buy side
47.03 USDC (shortened; full value 47.0329217265089498969112119689 USDC)
Sell side
49.15 USDC (shortened; full value 49.153284485489915123890274624639766354150557998444 USDC)

Bars share one scale. The venue split decomposes the buy side; the sell side is drawn as an outline because its composition is not reported.