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keel
Ledger
64,753,395
Methodology
1.0.8-draft
Age
8s

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%
buy479.27 USDC (shortened; full value 479.2749483397008411443107900595 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

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
72.00 USDC (shortened; full value 72.0093680006345 USDC)
Highest
107.00 USDC (shortened; full value 107.0093680006344505806468 USDC)
2026-09-11T17:48:18Z — 2026-10-02T10:39:17Z
Cost to move +50%
81.92 USDC (shortened; full value 81.92019680163668962676584 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
52.05 USDC (shortened; full value 52.056948959396224592024888591379876018782551114955 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.