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keel
Ledger
64,751,775
Methodology
1.0.8-draft
Age
7s

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
9,370.87 USDC (shortened; full value 9370.8757955613615554346277005085151625592796561376155 USDC)Limited by liquidation depth
Depth within 5%
buy165,608.12 USDC (shortened; full value 165608.1277723527175724816204011521 USDC)sell18,277.15 USDC (shortened; full value 18277.152265609005069272228507645093641671793476736065 USDC)
Cost to move +50%
165,596.05 USDC (shortened; full value 165596.05386540476905463401888 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
142,581.28 USDC (shortened; full value 142581.2844340883879644522702854249 USDC)
Highest
183,447.50 USDC (shortened; full value 183447.5047222174267023617019054352 USDC)
2026-09-26T16:51:36Z — 2026-10-03T16:09:17ZOne scale across every line on this chart
2% from mid
165,601.07 USDC (shortened; full value 165601.0750106583352901474385814457 USDC)
5% from mid
165,608.12 USDC (shortened; full value 165608.1293736514202454849374505573 USDC)
10% from mid
165,619.66 USDC (shortened; full value 165619.6663089847834936129321787829 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.

An averaging oracle makes an attacker outweigh genuine trading as well as move the book. A market with no genuine volume has no such defence.

Cost of a 50% move, order book only
165,596.05 USDC (shortened; full value 165596.05386540476905463401888 USDC)

The target is reachable through the order book

Genuine volume in the oracle window
0.49 USDC (shortened; full value 0.4988851 USDC)

Over the last 900 seconds (15 minutes), after the genuine-trade filter

Cost against genuine volume
331,932.2502 (shortened; full value 331932.2502624447373846884159899744)

Below 1, moving the price is cheaper than all genuine trading across the window. Not computed when there was no genuine volume or the target is unreachable

Total attack cost
165,596.55 USDC (shortened; full value 165596.55275050476905463401888 USDC)

The move, plus the genuine volume an averaging oracle forces an attacker to outweigh