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keel
Ledger
64,754,297
Methodology
1.0.8-draft
Age
5s

USDZ against USDC — what depth stands behind this price?

All assets

USDZ / USDC

GAKT…6XPR

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
1,170.64 USDC (shortened; full value 1170.6408981364145426026398775 USDC)Limited by manipulation cost
Depth within 5%
buy5,119.58 USDC (shortened; full value 5119.5841772640121857474116516667 USDC)sell4,414.49 USDC (shortened; full value 4414.499430806033299554843444336688078838009491500857 USDC)
Cost to move +50%
4,682.56 USDC (shortened; full value 4682.56359254565817041055951 USDC)Reachable through the order book
Checks
3 triggered3 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
1,111.29 USDC (shortened; full value 1111.29732304638542225 USDC)
Highest
1,194.93 USDC (shortened; full value 1194.9343085643820305872664475 USDC)
2026-09-26T23:51:46Z — 2026-10-03T19:39:27Z
Max safe collateral
1,170.64 USDC (shortened; full value 1170.6408981364145426026398775 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.
Cheap to move the pricenowMANIPULATION_CHEAPthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout

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.

1,170.64 USDC (shortened; full value 1170.6408981364145426026398775 USDC)

Limited by manipulation cost

Liquidation term
2,441.39 USDC (shortened; full value 2441.3912262200207244951997385151675406562866212947425 USDC)

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

Manipulation termbinds
1,170.64 USDC (shortened; full value 1170.6408981364145426026398775 USDC)

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