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keel
Ledger
64,751,587
Methodology
1.0.8-draft
Age
9s

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 23.7858228639069465864300996433 USDC)sell24.24 USDC (shortened; full value 24.242181769784033708627884628431348624026945098414 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.

Lower at the end of the window than at its start

Lowest
0.0000085 USDC (shortened; full value 0.0000085750003079699301 USDC)
Highest
0.51 USDC (shortened; full value 0.5122139750029047405016375 USDC)
2026-09-11T17:48:01Z — 2026-10-02T10:38:42Z
Max safe collateral
0.000051 USDC (shortened; full value 0.0000514500035902170766125 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 9.5841243041602038876773779169 USDC)
Sell side
9.62 USDC (shortened; full value 9.622469020889255729211951736288053734408519669 USDC)

5% from mid

Buy side
23.78 USDC (shortened; full value 23.7858228639069465864300996433 USDC)
Sell side
24.24 USDC (shortened; full value 24.242181769784033708627884628431348624026945098414 USDC)

10% from mid

Buy side
47.01 USDC (shortened; full value 47.0117439099779283533705460066 USDC)
Sell side
49.13 USDC (shortened; full value 49.131151924158298476436324232062840614337359337576 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.