Skip to content
keel
Ledger
64,752,136
Methodology
1.0.8-draft
Age
6s

TREAD against USDC — what depth stands behind this price?

All assets

TREAD / USDC

GANM…6VLM

Risk band

High

partial confidence

A floor: the real band can only be worse.

Max safe collateral
3.41 USDC (shortened; full value 3.41169482420568389936231152577277231323893542363 USDC)Limited by liquidation depth
Depth within 5%
buy3.30 USDC (shortened; full value 3.3034025225740787055853072521 USDC)sell3.36 USDC (shortened; full value 3.366780757365160914295157644971437074892584625765 USDC)
Cost to move +50%
Not reachableThe order book cannot reach the target
Checks
3 triggered5 not evaluated

History

Window
Resolution
Source

Price

The midpoint the engine read at each scan. It says what the market quotes, not what it can absorb.

Higher at the end of the window than at its start

Lowest
0.46780528 USDC (shortened; full value 0.4678052884474027 USDC)
Highest
0.50395276 USDC (shortened; full value 0.5039527683465751 USDC)
2026-09-26T17:51:36Z — 2026-10-03T16:39:22Z
Mid price
0.48394680 USDC (shortened; full value 0.4839468032319418 USDC)
168 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.
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
No genuine trade in 30 daysNO_GENUINE_TRADE_30D31 of 168
No genuine trade in 7 daysNO_GENUINE_TRADE_7D31 of 168

Not evaluated5

  • Price sources disagree
  • Extreme spread
  • 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.

Read cost together with reachability: a figure on an unreachable rung says how far the book goes, not what the move costs.

Cost to move the price by each delta, through all venues and through the order book alone, with whether the target is reachable at all.
MoveTarget priceCost, all venuesCost, order book only
+50%0.725920 USDC (shortened; full value 0.7259202048479127 USDC)30.06 USDC (shortened; full value 30.0635947495714162977114847779 USDC)unreachablebook ends at 0 USDC
+100%0.967893 USDC (shortened; full value 0.9678936064638836 USDC)55.40 USDC (shortened; full value 55.4083775164939750928643628786 USDC)unreachablebook ends at 0 USDC
+1,000%5.323414 USDC (shortened; full value 5.3234148355513598 USDC)309.88 USDC (shortened; full value 309.8894691247759748354150265672 USDC)unreachablebook ends at 0 USDC
+10,000%48.878627 USDC (shortened; full value 48.8786271264261218 USDC)1,210.58 USDC (shortened; full value 1210.5806531769716329115075294536 USDC)unreachablebook ends at 0 USDC

Reachability on the all-venues ladder is unconditionally true whenever an active pool exists, because a constant product curve has no upper price bound. The order-book-only column is the one that answers whether a target is attainable, and it is the one Keel itself uses.

Highest price the book can reach
not computed

Absorbing every ask. Not computed when an active pool exists, because a constant product curve has no highest price

Cost to reach it
not computed

Every ask below that price. Catches an attack that lands between two rungs of the ladder