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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.

Unchanged across the window

Lowest
0.00020 USDC (shortened; full value 0.00020580001436086830645 USDC)
Highest
0.00020 USDC (shortened; full value 0.00020580001436086830645 USDC)
2026-09-26T17:50:56Z — 2026-10-03T17:23:37Z
Cost to move +50%
0.00020 USDC (shortened; full value 0.00020580001436086830645 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.
Cheap to move the pricenowMANIPULATION_CHEAPthroughout
Cheap next to real tradingnowMANIPULATION_RATIO_LOWthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Price sources disagreenowPRICE_SOURCE_CONFLICT120 of 169
Extreme spreadnowSPREAD_EXTREME88 of 169
Nothing tradable within 2%ZERO_DEPTH_2PCT49 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.

Both price sources, not only the one that won, and the pair that set the band.

Price used
0.00013871 USDC (shortened; full value 0.0001387145105466 USDC)

AMM pool spot price, because the book and the pool disagree or the book is one-sided

AMM pool spot price
0.00013871 USDC (shortened; full value 0.0001387145105466 USDC)

The pool with the largest quote reserve, reported whichever source set the price

Book against pool
12.6047 % (shortened; full value 12.60477924692397113778044832 %)

Past the methodology threshold, the pool price is used and PRICE_SOURCE_CONFLICT fires

Spread
20.9414 % (shortened; full value 20.94146646838455781144309056 %)

Best ask minus best bid, over the mid