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keel
Ledger
64,753,577
Methodology
1.0.8-draft
Age
6s

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
1,174.22 USDC (shortened; full value 1174.228443492849916454049975 USDC)Limited by manipulation cost
Depth within 5%
buy5,133.93 USDC (shortened; full value 5133.934828470368391772797311672 USDC)sell4,392.61 USDC (shortened; full value 4392.614207332617989406104088826452126415367626893043 USDC)
Cost to move +50%
4,696.91 USDC (shortened; full value 4696.9137739713996658161999 USDC)Reachable through the order book
Checks
3 triggered3 not evaluated

Price

The midpoint the engine read at each scan. It says what the market quotes, not what it can absorb.

Higher at the end of the window than at its start

Lowest
1.00000365 USDC (shortened; full value 1.0000036537605476 USDC)
Highest
1.00001030 USDC (shortened; full value 1.0000103039826036 USDC)
2026-09-26T23:51:46Z — 2026-10-03T18:39:32Z
Mid price
1.00001030 USDC (shortened; full value 1.0000103039826036 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.

1,174.22 USDC (shortened; full value 1174.228443492849916454049975 USDC)

Limited by manipulation cost

Liquidation term
2,430.44 USDC (shortened; full value 2430.4486204066927441370822513643645767115763300155345 USDC)

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

Manipulation termbinds
1,174.22 USDC (shortened; full value 1174.228443492849916454049975 USDC)

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