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keel
Ledger
64,753,215
Methodology
1.0.8-draft
Age
6s

TFT against USDC — what depth stands behind this price?

All assets

TFT / USDC

GBOV…AC47

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
19.40 USDC (shortened; full value 19.40907117526103240669146 USDC)Limited by manipulation cost
Depth within 5%
buy482.95 USDC (shortened; full value 482.9542159135849127225313398333 USDC)sell0 USDC
Cost to move +50%
77.63 USDC (shortened; full value 77.63628470104412962676584 USDC)Reachable through the order book
Checks
4 triggered3 not evaluated

History

Window
Resolution
Source

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
18.00 USDC (shortened; full value 18.002342000158625 USDC)
Highest
26.75 USDC (shortened; full value 26.7523420001586126451617 USDC)
2026-09-11T17:48:18Z — 2026-10-02T10:39:17Z
Max safe collateral
20.48 USDC (shortened; full value 20.48004920040917240669146 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_2PCT283 of 498
Cheap next to real tradingnowMANIPULATION_RATIO_LOW144 of 498
No genuine trade in 7 daysNO_GENUINE_TRADE_7D43 of 498
Price sources disagreePRICE_SOURCE_CONFLICT5 of 498
Extreme spreadSPREAD_EXTREME3 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.

19.40 USDC (shortened; full value 19.40907117526103240669146 USDC)

Limited by manipulation cost

Liquidation term
50.22 USDC (shortened; full value 50.2281193858330490436688559432712257003151613507005 USDC)

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

Manipulation termbinds
19.40 USDC (shortened; full value 19.40907117526103240669146 USDC)

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