Skip to content
keel
Ledger
65,277,312
Methodology
1.0.8-draft
Age
8s

AFR against USDC — what depth stands behind this price?

All assets

AFR / USDC

GBX6…N54W

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
0 USDCLimited by manipulation cost
Depth within 5%
buy60.89 USDC (shortened; full value 60.8921093165740378727943854912 USDC)sell62.06 USDC (shortened; full value 62.060374231348704668686179374395867211566407261685 USDC)
Cost to move +50%
0 USDCReachable at no cost: nothing stands in the way
Checks
5 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
0 USDC
Highest
213.16 USDC (shortened; full value 213.1672643607540123373247656955 USDC)
2026-10-04T23:53:22Z — 2026-10-24T22:08:23ZOne scale across every line on this chart
2% from mid
10.78 USDC (shortened; full value 10.7872465990465966584390138185 USDC)
5% from mid
26.77 USDC (shortened; full value 26.7717246408030367834572076538 USDC)
10% from mid
52.91 USDC (shortened; full value 52.9132614012559294725928651465 USDC)
21 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
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Extreme spreadnowSPREAD_EXTREME19 of 21
Price sources disagreenowPRICE_SOURCE_CONFLICT8 of 21
Nothing tradable within 2%ZERO_DEPTH_2PCT8 of 21

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.

0 USDC

Limited by manipulation cost

Liquidation term
62.88 USDC (shortened; full value 62.88827964601136262137820336970351768389162404427 USDC)

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

Manipulation termbinds
0 USDC

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