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keel
Ledger
64,752,496
Methodology
1.0.8-draft
Age
8s

USDM against USDC — what depth stands behind this price?

All assets

USDM / USDC

GDHD…USDM

Risk band

Medium

partial confidence

A floor: the real band can only be worse.

Max safe collateral
1,504.55 USDC (shortened; full value 1504.555351329395655368620820504403788844427549731924 USDC)Limited by liquidation depth
Depth within 5%
buy471,084.41 USDC (shortened; full value 471084.419543891040347432238845519 USDC)sell3,000.90 USDC (shortened; full value 3000.903904171649193735799485717714187125794953144356 USDC)
Cost to move +50%
471,077.10 USDC (shortened; full value 471077.10923251734109109627701 USDC)Reachable through the order book
Checks
1 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.

Lower at the end of the window than at its start

Lowest
2.63 USDC (shortened; full value 2.6369238237071070307601752796 USDC)
Highest
471,093.13 USDC (shortened; full value 471093.1304750096363714808961888576 USDC)
2026-10-02T17:54:22Z — 2026-10-03T17:09:22ZOne scale across every line on this chart
2% from mid
2.63 USDC (shortened; full value 2.6369238237071070307601752796 USDC)
5% from mid
471,084.21 USDC (shortened; full value 471084.2186605084402811165531228131 USDC)
10% from mid
471,091.87 USDC (shortened; full value 471091.8770839706287734136083948262 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.
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout

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.

1,504.55 USDC (shortened; full value 1504.555351329395655368620820504403788844427549731924 USDC)

Limited by liquidation depth

Liquidation termbinds
1,504.55 USDC (shortened; full value 1504.555351329395655368620820504403788844427549731924 USDC)

Sell-side depth at the liquidation delta, times the haircut.

Manipulation term
117,769.27 USDC (shortened; full value 117769.2773081293352727740692525 USDC)

Order-book-only manipulation cost at the critical delta, times the safety margin.