USTRY against USDC — what depth stands behind this price?
Risk band
Low
partial confidence
A floor: the real band can only be worse.
- Max safe collateral
- 56,869.91 USDC (shortened; full value 56869.91362971206401141875 USDC)Limited by manipulation cost
- Depth within 5%
- buy227,480.07 USDC (shortened; full value 227480.0779766680234724010227884449 USDC)sell223,262.88 USDC (shortened; full value 223262.885970531007647366273309141381723811772273015558 USDC)
- Cost to reach the critical move
- The engine sent no critical rung
- Checks
- 0 triggered6 not evaluated
A past reading, at ledger 61340172 — 2026-02-22T00:01:24Z
Source: offers-implied (rebuilt from offer events). This book was rebuilt, not observed. Read every depth below as a lower bound and every risk as an upper bound.
What the reconstruction reports about itself
Out of 65 accounts walked, with an operation floor at ledger 61300000.
- Offers never seen created
- 26
A later trade named them as resting; the walk never saw them posted
- Walks stopped at the floor
- 55
An offer created before the floor ledger is invisible to this row
- Walks that hit the page cap
- 4
The account had more operations than the walk read
- Walks that failed
- 0
Contributed no offers at all
- Unsizable results
- 0
Operation results whose remaining amount could not be read
Checks
Triggered0
Nothing fired — but some checks could not run, so this is not a pass.
Not evaluated6
- Cheap next to real trading
- No genuine trade in 30 days
- One holder owns most of it
- No genuine trade in 7 days
- Supply is concentrated
- 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.
56,869.91 USDC (shortened; full value 56869.91362971206401141875 USDC)
Limited by manipulation cost
- Liquidation term
- 111,631.65 USDC (shortened; full value 111631.654958963477397972413375030464553661839836025608 USDC)
Sell-side depth at the liquidation delta, times the haircut.
- Manipulation termbinds
- 56,869.91 USDC (shortened; full value 56869.91362971206401141875 USDC)
Order-book-only manipulation cost at the critical delta, times the safety margin.