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keel
Ledger
64,752,495
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
20.48 USDC (shortened; full value 20.48004920040917240669146 USDC)Limited by manipulation cost
Depth within 5%
buy482.47 USDC (shortened; full value 482.4741004985013289679465790975 USDC)sell0 USDC
Cost to move +50%
81.92 USDC (shortened; full value 81.92019680163668962676584 USDC)Reachable through the order book
Checks
4 triggered3 not evaluated

Cost to move the price 50%

The stored series carries one manipulation rung, the +50% move. A reading the engine could not produce breaks the line rather than sitting at zero.

Higher at the end of the window than at its start

Lowest
72.44 USDC (shortened; full value 72.44343190079811779578024 USDC)
Highest
81.92 USDC (shortened; full value 81.92019680163668962676584 USDC)
2026-09-26T17:51:36Z — 2026-10-03T17:09:17Z
Cost to move +50%
81.92 USDC (shortened; full value 81.92019680163668962676584 USDC)
169 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
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Nothing tradable within 2%nowZERO_DEPTH_2PCT125 of 169
Price sources disagreePRICE_SOURCE_CONFLICT7 of 169

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.

20.48 USDC (shortened; full value 20.48004920040917240669146 USDC)

Limited by manipulation cost

Liquidation term
50.46 USDC (shortened; full value 50.4666880113457608456746902090585628534843062732 USDC)

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

Manipulation termbinds
20.48 USDC (shortened; full value 20.48004920040917240669146 USDC)

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