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keel
Ledger
64,753,579
Methodology
1.0.8-draft
Age
6s

XRF against USDC — what depth stands behind this price?

All assets

XRF / USDC

GCHI…TXRF

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
5.80 USDC (shortened; full value 5.80668862400322276201365015677993124535641116371 USDC)Limited by liquidation depth
Depth within 5%
buy5.62 USDC (shortened; full value 5.6223756334362044197900368655 USDC)sell5.73 USDC (shortened; full value 5.730245092439315807100332805925106592029132849005 USDC)
Cost to move +50%
25.57 USDC (shortened; full value 25.57823450227079 USDC)Reachable through the order book
Checks
7 triggered3 not evaluated

Buy-side depth

What an order can absorb before the price moves against a buyer. The rungs are nested, so one scale covers all three.

Higher at the end of the window than at its start

Lowest
2.23 USDC (shortened; full value 2.2359709178577855913571776365 USDC)
Highest
11.11 USDC (shortened; full value 11.1124044333939519571996378036 USDC)
2026-10-02T23:54:37Z — 2026-10-03T18:39:37ZOne scale across every line on this chart
2% from mid
2.26 USDC (shortened; full value 2.2654480891346831281792203153 USDC)
5% from mid
5.62 USDC (shortened; full value 5.6223756334362044197900368655 USDC)
10% from mid
11.11 USDC (shortened; full value 11.1124044333939519571996378036 USDC)
2 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
Cheap next to real tradingnowMANIPULATION_RATIO_LOWthroughout
Price sources disagreenowPRICE_SOURCE_CONFLICTthroughout
Extreme spreadnowSPREAD_EXTREMEthroughout
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
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.

5.80 USDC (shortened; full value 5.80668862400322276201365015677993124535641116371 USDC)

Limited by liquidation depth

Liquidation termbinds
5.80 USDC (shortened; full value 5.80668862400322276201365015677993124535641116371 USDC)

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

Manipulation term
6.39 USDC (shortened; full value 6.3945586255676975 USDC)

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