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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

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.

Lower at the end of the window than at its start

Lowest
164,641.57 USDC (shortened; full value 164641.5758106389542479963948808932 USDC)
Highest
181,076.27 USDC (shortened; full value 181076.2702148380444682326567321157 USDC)
2026-10-02T17:54:17Z — 2026-10-03T17:24:12ZOne scale across every line on this chart
2% from mid
165,601.06 USDC (shortened; full value 165601.0641313687579717927903443598 USDC)
5% from mid
165,608.11 USDC (shortened; full value 165608.1184753201559670614640946504 USDC)
10% from mid
165,619.65 USDC (shortened; full value 165619.655379512123271742206453199 USDC)
25 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.