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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

History

Window
Resolution
Source

Buy-side depth

What an order can absorb before the price moves against a buyer. The rungs are nested, so one scale covers all three.

Higher at the end of the window than at its start

Lowest
74.63 USDC (shortened; full value 74.6353954097983122876375409307 USDC)
Highest
715.89 USDC (shortened; full value 715.8995992103561941687273920239 USDC)
2026-09-26T23:51:36Z — 2026-10-03T17:09:17ZOne scale across every line on this chart
2% from mid
369.17 USDC (shortened; full value 369.1733399881644682229125077207 USDC)
5% from mid
482.45 USDC (shortened; full value 482.4593280130826401931223851055 USDC)
10% from mid
669.84 USDC (shortened; full value 669.84360391527164537923393036 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 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_2PCT6 of 8
Price sources disagreePRICE_SOURCE_CONFLICT1 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.

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.