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keel
Ledger
65,275,153
Methodology
1.0.8-draft
Age
4s

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%
buy60.98 USDC (shortened; full value 60.9823208029198504153420768906 USDC)sell62.15 USDC (shortened; full value 62.152316492168232350372956277026065406399971389925 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.

Lower at the end of the window than at its start

Lowest
24.38 USDC (shortened; full value 24.3895803631075307028000265054 USDC)
Highest
235.71 USDC (shortened; full value 235.713296171021709465309496724 USDC)
2026-10-26T23:53:23Z — 2026-11-02T23:08:24ZOne scale across every line on this chart
2% from mid
24.57 USDC (shortened; full value 24.574170751659716664079500188 USDC)
5% from mid
60.98 USDC (shortened; full value 60.9880312458654568379599970942 USDC)
10% from mid
120.54 USDC (shortened; full value 120.5404464209237750640534470084 USDC)
8 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
Extreme spreadnowSPREAD_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Price sources disagreenowPRICE_SOURCE_CONFLICT7 of 8
Nothing tradable within 2%ZERO_DEPTH_2PCT1 of 8

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
0 USDC

The target is reachable through the order book

Genuine volume in the oracle window
0 USDC

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

Cost against genuine volume
not computed

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
0 USDC

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