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keel
Ledger
64,752,856
Methodology
1.0.8-draft
Age
4s

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 3.41374133427942940903427676340717926870134982363 USDC)Limited by liquidation depth
Depth within 5%
buy3.30 USDC (shortened; full value 3.305384073354095543163811073 USDC)sell3.36 USDC (shortened; full value 3.368800325670964618174214461289037862905367825765 USDC)
Cost to move +50%
Not reachableThe order book cannot reach the target
Checks
3 triggered5 not evaluated

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
3.32 USDC (shortened; full value 3.327103901003894856750301661474445216538353602682 USDC)
Highest
3.48 USDC (shortened; full value 3.480990911348264618161615640738389942465202064468 USDC)
2026-09-25T10:54:59Z — 2026-10-03T17:39:22Z
Max safe collateral
3.41 USDC (shortened; full value 3.41374133427942940903427676340717926870134982363 USDC)
200 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_30D62 of 200
No genuine trade in 7 daysNO_GENUINE_TRADE_7D62 of 200

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.

The engine's own notes on the limits of this computation, verbatim and in the order served.

  1. maxReachablePrice and costToMaxReachablePrice are null because an active pool is present: under a constant product curve the price tends to infinity as the base reserve tends to zero, so every target is reachable and a highest price has no meaning
  2. manipulation to delta 0.5 is unreachable through the order book; the manipulation term was not applied