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keel
Ledger
64,751,051
Methodology
1.0.8-draft
Age
10s

LIBRE against USDC — what depth stands behind this price?

All assets

LIBRE / USDC

GAYC…F5CY

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
0.09 USDC (shortened; full value 0.09202875 USDC)Limited by manipulation cost
Depth within 5%
buy0 USDCsell15.72 USDC (shortened; full value 15.72412637892523039797497842743150464309905153694 USDC)
Cost to move +50%
0.36 USDC (shortened; full value 0.368115 USDC)Reachable through the order book
Checks
5 triggered3 not evaluated

Buy-side depth

What an order can absorb before the price moves against a buyer. The rungs are nested, so one scale covers all three.

Unchanged across the window

Lowest
0 USDC
Highest
15.00 USDC (shortened; full value 15.0051595981256817391084964222 USDC)
2026-09-26T23:51:16Z — 2026-10-03T15:09:07ZOne scale across every line on this chart
2% from mid
0 USDC
5% from mid
0 USDC
10% from mid
4.24 USDC (shortened; full value 4.242171368442018142076335991 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
Extreme spreadnowSPREAD_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Nothing tradable within 2%nowZERO_DEPTH_2PCT3 of 8
Price sources disagreePRICE_SOURCE_CONFLICT5 of 8
No genuine trade in 7 daysNO_GENUINE_TRADE_7D4 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.

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

0.09 USDC (shortened; full value 0.09202875 USDC)

Limited by manipulation cost

Liquidation term
11.36 USDC (shortened; full value 11.3619278638355151847818736101368493572568900454445 USDC)

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

Manipulation termbinds
0.09 USDC (shortened; full value 0.09202875 USDC)

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