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keel
Ledger
64,752,854
Methodology
1.0.8-draft
Age
5s

SHX against USDC — what depth stands behind this price?

All assets

SHX / USDC

GDST…J6JH

Risk band

High

partial confidence

A floor: the real band can only be worse.

Max safe collateral
843.59 USDC (shortened; full value 843.599583503405134589442568552481195562629377833469 USDC)Limited by liquidation depth
Depth within 5%
buy2,829.06 USDC (shortened; full value 2829.0670674801302762045546840662 USDC)sell694.19 USDC (shortened; full value 694.192840698771325367934120742459261140641225645105 USDC)
Cost to reach the critical move
The engine sent no critical rung
Checks
2 triggered3 not evaluated

Collateral ceiling

The most this asset could back at each reading: the lower of the liquidation and manipulation limits.

Higher at the end of the window than at its start

Lowest
185.33 USDC (shortened; full value 185.33785547624569390702934 USDC)
Highest
863.04 USDC (shortened; full value 863.04220319227661131194904119744215926909252540208 USDC)
2026-09-26T23:51:31Z — 2026-10-03T17:39:12Z
Max safe collateral
863.04 USDC (shortened; full value 863.04220319227661131194904119744215926909252540208 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 next to real tradingnowMANIPULATION_RATIO_LOWthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Cheap to move the priceMANIPULATION_CHEAP5 of 8
Nothing tradable within 2%ZERO_DEPTH_2PCT3 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.

843.59 USDC (shortened; full value 843.599583503405134589442568552481195562629377833469 USDC)

Limited by liquidation depth

Liquidation termbinds
843.59 USDC (shortened; full value 843.599583503405134589442568552481195562629377833469 USDC)

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

Manipulation term
4,802.57 USDC (shortened; full value 4802.5763348797797388377174525 USDC)

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