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keel
Ledger
64,752,487
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 23.7852153774073783495126107538 USDC)sell24.24 USDC (shortened; full value 24.241562628204063084875052331431841353444881136811 USDC)
Cost to move +50%
0.00020 USDC (shortened; full value 0.00020580001436086830645 USDC)Reachable through the order book
Checks
5 triggered3 not evaluated

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)
2026-09-26T23:50:56Z — 2026-10-03T17:08:42Z
Max safe collateral
0.000051 USDC (shortened; full value 0.0000514500035902170766125 USDC)
8 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_CONFLICT7 of 8
Extreme spreadnowSPREAD_EXTREME5 of 8
Nothing tradable within 2%ZERO_DEPTH_2PCT1 of 8

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 9.5838795270020507467284506959 USDC)
Sell side
9.62 USDC (shortened; full value 9.6222232646730513442626280095763975543609053685 USDC)

5% from mid

Buy side
23.78 USDC (shortened; full value 23.7852153774073783495126107538 USDC)
Sell side
24.24 USDC (shortened; full value 24.241562628204063084875052331431841353444881136811 USDC)

10% from mid

Buy side
47.01 USDC (shortened; full value 47.0105432367908002833644795157 USDC)
Sell side
49.12 USDC (shortened; full value 49.129897121855406970272281286346586247647745916324 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.