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keel
Ledger
64,751,049
Methodology
1.0.8-draft
Age
7s

GROG against USDC — what depth stands behind this price?

All assets

GROG / USDC

GBE2…TECL

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
45.79 USDC (shortened; full value 45.7949542270336494869709875965713160964421838694345 USDC)Limited by liquidation depth
Depth within 5%
buy0 USDCsell64.27 USDC (shortened; full value 64.271839353905888553020809832884347077488064458378 USDC)
Cost to move +50%
229.14 USDC (shortened; full value 229.1403381 USDC)Reachable through the order book
Checks
6 triggered3 not evaluated

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
45.21 USDC (shortened; full value 45.215736879713785585159698156844743762801516109884 USDC)
Highest
47.37 USDC (shortened; full value 47.3701483648663394839576755423023256807810976998 USDC)
2026-09-26T15:51:06Z — 2026-10-03T15:08:52Z
Max safe collateral
45.79 USDC (shortened; full value 45.7949542270336494869709875965713160964421838694345 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.
Nothing tradable within 2%nowZERO_DEPTH_2PCTthroughout
Cheap to move the pricenowMANIPULATION_CHEAPthroughout
Extreme spreadnowSPREAD_EXTREMEthroughout
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
No genuine trade in 30 daysNO_GENUINE_TRADE_30D81 of 169
No genuine trade in 7 daysNO_GENUINE_TRADE_7D81 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.

The ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.

45.79 USDC (shortened; full value 45.7949542270336494869709875965713160964421838694345 USDC)

Limited by liquidation depth

Liquidation termbinds
45.79 USDC (shortened; full value 45.7949542270336494869709875965713160964421838694345 USDC)

Sell-side depth at the liquidation delta, times the haircut.

Manipulation term
57.28 USDC (shortened; full value 57.285084525 USDC)

Order-book-only manipulation cost at the critical delta, times the safety margin.