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keel
Ledger
61,340,172
Methodology
1.0.8-draft
Age
0s

USTRY against USDC — what depth stands behind this price?

All assets

USTRY / USDC

GCRY…MYWC

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.

Back to the live reading

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

What fires now, how long it has been firing across the window above, and what could not run.

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.

Read cost together with reachability: a figure on an unreachable rung says how far the book goes, not what the move costs.

Cost to move the price by each delta, through all venues and through the order book alone, with whether the target is reachable at all.
MoveTarget priceCost, all venuesCost, order book only
+50%1.586854 USDC (shortened; full value 1.586854500000000075 USDC)227,483.36 USDC (shortened; full value 227483.3600702363955942140758840212 USDC)227,479.65 USDC (shortened; full value 227479.654518848256045675 USDC)
+100%2.115806 USDC (shortened; full value 2.1158060000000001 USDC)227,486.46 USDC (shortened; full value 227486.4685661621903277054858576155 USDC)227,479.65 USDC (shortened; full value 227479.654518848256045675 USDC)
+1,000%11.636933 USDC (shortened; full value 11.63693300000000055 USDC)227,517.68 USDC (shortened; full value 227517.6802535430166369814758723715 USDC)227,479.65 USDC (shortened; full value 227479.654518848256045675 USDC)
+10,000%106.848203 USDC (shortened; full value 106.84820300000000505 USDC)227,758.21 USDC (shortened; full value 227758.2112553372557760158448599523 USDC)unreachablebook ends at 227,609.71 USDC (shortened; full value 227609.717228143279405675 USDC)

Reachability on the all-venues ladder is unconditionally true whenever an active pool exists, because a constant product curve has no upper price bound. The order-book-only column is the one that answers whether a target is attainable, and it is the one Keel itself uses.

Highest price the book can reach
not computed

Absorbing every ask. Not computed when an active pool exists, because a constant product curve has no highest price

Cost to reach it
not computed

Every ask below that price. Catches an attack that lands between two rungs of the ladder