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keel
Ledger
64,753,211
Methodology
1.0.8-draft
Age
8s

LSP against USDC — what depth stands behind this price?

All assets

LSP / USDC

GAB7…24WK

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
0 USDCLimited by manipulation cost
Depth within 5%
buy50.45 USDC (shortened; full value 50.4522431331072011554922849255 USDC)sell51.42 USDC (shortened; full value 51.42020694895342089739519888986845335501176794039 USDC)
Cost to move +50%
0 USDCReachable at no cost: nothing stands in the way
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.

Higher at the end of the window than at its start

Lowest
19.65 USDC (shortened; full value 19.6581227536590643778493485814 USDC)
Highest
119.74 USDC (shortened; full value 119.743250828171818484864154641 USDC)
2026-09-11T23:48:05Z — 2026-10-02T10:39:02ZOne scale across every line on this chart
2% from mid
21.00 USDC (shortened; full value 21.0099864496269684134675775906 USDC)
5% from mid
52.14 USDC (shortened; full value 52.1424597808053276926615119932 USDC)
10% from mid
103.05 USDC (shortened; full value 103.0575221247108747211648121255 USDC)
22 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
Price sources disagreenowPRICE_SOURCE_CONFLICTthroughout
Extreme spreadnowSPREAD_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Cheap next to real tradingnowMANIPULATION_RATIO_LOW7 of 22
No genuine trade in 30 daysNO_GENUINE_TRADE_30D6 of 22
No genuine trade in 7 daysNO_GENUINE_TRADE_7D6 of 22

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.

An averaging oracle makes an attacker outweigh genuine trading as well as move the book. A market with no genuine volume has no such defence.

Cost of a 50% move, order book only
0 USDC

The target is reachable through the order book

Genuine volume in the oracle window
0 USDC

Over the last 900 seconds (15 minutes), after the genuine-trade filter

Cost against genuine volume
not computed

Below 1, moving the price is cheaper than all genuine trading across the window. Not computed when there was no genuine volume or the target is unreachable

Total attack cost
0 USDC

The move, plus the genuine volume an averaging oracle forces an attacker to outweigh