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keel
Ledger
64,750,868
Methodology
1.0.8-draft
Age
8s

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%
buy23.78 USDC (shortened; full value 23.7862570216828482755435498305 USDC)sell24.24 USDC (shortened; full value 24.242624257199835300147785976886534956680545897534 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

Collateral ceiling

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

Unchanged across the window

Lowest
0.000051 USDC (shortened; full value 0.0000514500035902170766125 USDC)
Highest
0.000051 USDC (shortened; full value 0.0000514500035902170766125 USDC)
2026-09-26T15:50:56Z — 2026-10-03T14:53:37Z
Max safe collateral
0.000051 USDC (shortened; full value 0.0000514500035902170766125 USDC)
168 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_CONFLICT119 of 168
Extreme spreadnowSPREAD_EXTREME87 of 168
Nothing tradable within 2%ZERO_DEPTH_2PCT49 of 168

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 9.5842992412273664255275838777 USDC)
Sell side
9.62 USDC (shortened; full value 9.622644657668537480982206867917402112798314189 USDC)

5% from mid

Buy side
23.78 USDC (shortened; full value 23.7862570216828482755435498305 USDC)
Sell side
24.24 USDC (shortened; full value 24.242624257199835300147785976886534956680545897534 USDC)

10% from mid

Buy side
47.01 USDC (shortened; full value 47.0126020057559889514805421924 USDC)
Sell side
49.13 USDC (shortened; full value 49.132048704872613758774579399194237742220989327656 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.