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keel
Ledger
64,754,289
Methodology
1.0.8-draft
Age
8s

IDRT against USDC — what depth stands behind this price?

All assets

IDRT / USDC

GDPK…VBVT

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
161.81 USDC (shortened; full value 161.8176398250011 USDC)Limited by manipulation cost
Depth within 5%
buy194.47 USDC (shortened; full value 194.4796128401767327183323944708 USDC)sell195.66 USDC (shortened; full value 195.66402401944068745555668056589849278794042164978 USDC)
Cost to move +50%
647.27 USDC (shortened; full value 647.2705593000044 USDC)Reachable through the order book
Checks
2 triggered3 not evaluated

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.

Higher at the end of the window than at its start

Lowest
589.97 USDC (shortened; full value 589.97518110000288005868707 USDC)
Highest
647.83 USDC (shortened; full value 647.8365243000044 USDC)
2026-09-11T17:48:07Z — 2026-10-02T10:38:52Z
Cost to move +50%
647.27 USDC (shortened; full value 647.2705593000044 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
Nothing tradable within 2%ZERO_DEPTH_2PCT18 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.

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

161.81 USDC (shortened; full value 161.8176398250011 USDC)

Limited by manipulation cost

Liquidation term
199.28 USDC (shortened; full value 199.286507926862856162958490093974262750940035440054 USDC)

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

Manipulation termbinds
161.81 USDC (shortened; full value 161.8176398250011 USDC)

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