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keel
Ledger
64,754,296
Methodology
1.0.8-draft
Age
7s

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
1,504.44 USDC (shortened; full value 1504.4411197522646067711032145957082524540944546098985 USDC)Limited by liquidation depth
Depth within 5%
buy471,084.68 USDC (shortened; full value 471084.6857494990008463341024992601 USDC)sell3,000.65 USDC (shortened; full value 3000.659566473118853567391689614881344501986708653381 USDC)
Cost to move +50%
471,076.90 USDC (shortened; full value 471076.90911563000074001349072 USDC)Reachable through the order book
Checks
1 triggered3 not evaluated

History

Window
Resolution
Source

Cost to move the price 50%

The stored series carries one manipulation rung, the +50% move. A reading the engine could not produce breaks the line rather than sitting at zero.

Higher at the end of the window than at its start

Lowest
470,098.69 USDC (shortened; full value 470098.69980741457395478651184 USDC)
Highest
471,077.23 USDC (shortened; full value 471077.23558067216956530153864 USDC)
2026-09-26T23:51:46Z — 2026-10-03T19:39:27Z
Cost to move +50%
471,076.90 USDC (shortened; full value 471076.90911563000074001349072 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.
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.

An averaging oracle makes an attacker outweigh genuine trading as well as move the book. A market with no genuine volume has no such defence.

Cost of a 50% move, order book only
471,076.90 USDC (shortened; full value 471076.90911563000074001349072 USDC)

The target is reachable through the order book

Genuine volume in the oracle window
0 USDC

Over the last 900 seconds (15 minutes), after the genuine-trade filter

Cost against genuine volume
not computed

Below 1, moving the price is cheaper than all genuine trading across the window. Not computed when there was no genuine volume or the target is unreachable

Total attack cost
471,076.90 USDC (shortened; full value 471076.90911563000074001349072 USDC)

The move, plus the genuine volume an averaging oracle forces an attacker to outweigh