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keel
Ledger
64,752,674
Methodology
1.0.8-draft
Age
6s

SLVR against USDC — what depth stands behind this price?

All assets

SLVR / USDC

GBZV…SLVR

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
25.13 USDC (shortened; full value 25.1324103331030212805768491276412637146330560162075 USDC)Limited by liquidation depth
Depth within 5%
buy1.01 USDC (shortened; full value 1.014055616602036640795588354 USDC)sell43.06 USDC (shortened; full value 43.069479037811191303793520897122437228987560839515 USDC)
Cost to move +50%
308.44 USDC (shortened; full value 308.441038408679761 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.

Higher at the end of the window than at its start

Lowest
1.04 USDC (shortened; full value 1.041736920928216051428131059722538058070026523976 USDC)
Highest
35.13 USDC (shortened; full value 35.136283933333327998119410716602353575230328404523 USDC)
2026-09-11T17:48:12Z — 2026-10-02T10:39:12Z
Max safe collateral
31.91 USDC (shortened; full value 31.914220710986126095521729485893394720274942476505 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%nowZERO_DEPTH_2PCT183 of 498
Cheap next to real tradingnowMANIPULATION_RATIO_LOW144 of 498
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREME144 of 498
Supply is concentratednowHOLDER_CONCENTRATION_HIGH144 of 498
Extreme spreadSPREAD_EXTREME321 of 498
Price sources disagreePRICE_SOURCE_CONFLICT158 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.

25.13 USDC (shortened; full value 25.1324103331030212805768491276412637146330560162075 USDC)

Limited by liquidation depth

Liquidation termbinds
25.13 USDC (shortened; full value 25.1324103331030212805768491276412637146330560162075 USDC)

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

Manipulation term
77.11 USDC (shortened; full value 77.11025960216994025 USDC)

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