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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.

Lower at the end of the window than at its start

Lowest
3.39 USDC (shortened; full value 3.390995684576195266156573204852831979188109712846 USDC)
Highest
3.44 USDC (shortened; full value 3.448733103287362083783714377311695468032214446628 USDC)
2026-10-02T17:54:22Z — 2026-10-03T17:39:22Z
Max safe collateral
3.41 USDC (shortened; full value 3.41374133427942940903427676340717926870134982363 USDC)
25 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

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.

Both price sources, not only the one that won, and the pair that set the band.

Price used
0.48452669 USDC (shortened; full value 0.4845266978141719 USDC)

AMM pool spot price, because the book and the pool disagree or the book is one-sided

AMM pool spot price
0.48452669 USDC (shortened; full value 0.4845266978141719 USDC)

The pool with the largest quote reserve, reported whichever source set the price

Book against pool
not computed

Past the methodology threshold, the pool price is used and PRICE_SOURCE_CONFLICT fires

Spread
not computed

Best ask minus best bid, over the mid