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keel
Ledger
64,752,674
Methodology
1.0.8-draft
Age
9s

sUSD against USDC — what depth stands behind this price?

All assets

sUSD / USDC

GCHW…JYIH

Risk band

Medium

partial confidence

A floor: the real band can only be worse.

Max safe collateral
9,370.80 USDC (shortened; full value 9370.8004662438671367354980216363414126645886036181055 USDC)Limited by liquidation depth
Depth within 5%
buy165,754.68 USDC (shortened; full value 165754.685595903311901194319830232 USDC)sell18,277.00 USDC (shortened; full value 18277.001645958357793401696576508142160078471123496101 USDC)
Cost to move +50%
165,742.61 USDC (shortened; full value 165742.6132348707823321208964 USDC)Reachable through the order book
Checks
2 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
4,144.72 USDC (shortened; full value 4144.721845167772284852719958177656677928695768084385 USDC)
Highest
18,803.94 USDC (shortened; full value 18803.947332908873303539634737038944509189516888252272 USDC)
2026-09-26T17:51:36Z — 2026-10-03T17:24:12Z
Max safe collateral
9,370.80 USDC (shortened; full value 9370.800390887130201574974571563025254331449216938894 USDC)
169 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.
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.

9,370.80 USDC (shortened; full value 9370.8004662438671367354980216363414126645886036181055 USDC)

Limited by liquidation depth

Liquidation termbinds
9,370.80 USDC (shortened; full value 9370.8004662438671367354980216363414126645886036181055 USDC)

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

Manipulation term
41,435.65 USDC (shortened; full value 41435.6533087176955830302241 USDC)

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