What depth stands behind this price?

AUDD against USDC · GDC7X2…LB2EEU

How much can this asset safely back?

The ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.

Low
Medium
High
Critical — this asset

Criticalpartial confidence

A band marked partial is a floor. At least one high-severity check could not be evaluated, so the real band can only be worse than the one shown, never better.

57.86 USDC (shortened; full value 57.860296823128449046278045 USDC)

Limited by manipulation cost

Liquidation term: 184.16 USDC (shortened; full value 184.161721146477796894071631800796802971110306480074 USDC)
Sell-side depth at the liquidation delta, times the haircut.
Manipulation termbinds: 57.86 USDC (shortened; full value 57.860296823128449046278045 USDC)
Order-book-only manipulation cost at the critical delta, times the safety margin.

These bands come from thresholds that were chosen, not calibrated

The thresholds were chosen based on the magnitude of the Blend incident of February 2026 and on conservative judgement, not calibrated against a set of incidents. Every flag is reported separately so that consumers can apply their own thresholds.

Every threshold, as the engine serves it

Where this number comes from

Source: GET /asset/{assetId}/depth → maxSafeCollateral, maxSafeCollateralLiquidation, maxSafeCollateralManipulation
What it is: Awaiting methodology copy.
What it does not account for: Awaiting methodology copy.

What this computation could not do

maxReachablePrice and costToMaxReachablePrice are null because an active pool is present: under a constant product curve the price tends to infinity as the base reserve tends to zero, so every target is reachable and a highest price has no meaning

Served by the engine with this response and shown as written.

Where does the price come from?

Two venues can disagree. Both readings are shown, not only the one that won.

Mid price: 0.74640394 USDC (shortened; full value 0.7464039402949093 USDC)
Source: order book mid
Spread: 0.6653 % (shortened; full value 0.66533418725743430637550108 %)
Undefined unless the price came from a two-sided book
Pool spot price: 0.72614013 USDC (shortened; full value 0.7261401399106618 USDC)
Reported whenever an active pool exists, whichever source won
Divergence between the two: 2.7906 % (shortened; full value 2.79061840414724742404873475 %)
Null means there is no pool to diverge from, not that the sources agree

Where this number comes from

Source: GET /asset/{assetId}/depth → midPrice, priceSource, spreadPct, poolSpotPrice, priceDivergencePct
What it is: Awaiting methodology copy.
What it does not account for: Awaiting methodology copy.

What volume can it absorb before the price moves?

Three rungs at 2, 5 and 10 per cent, in each direction. The buy side matters for oracle manipulation and the sell side for liquidation.

SDEX
AMM
Sell side, composition not reported

2% from mid

Buy side

236.97 USDC

Sell side

0.0000051 USDC

5% from mid

Buy side

382.08 USDC

Sell side

114.00 USDC

10% from mid

Buy side

619.41 USDC

Sell side

368.32 USDC

Bars share one scale. The venue split decomposes the buy side; the sell side is drawn as an outline because its composition is not reported.

Where this number comes from

Source: GET /asset/{assetId}/depth → depth[]
What it is: Awaiting methodology copy.
What it does not account for: Awaiting methodology copy.

What would it cost to move the price?

Read cost together with reachability: a figure on an unreachable rung says how far the book goes, not what the move costs.

Cost to move the price by each delta, through all venues and through the order book alone, with whether the target is reachable at all.
Move	Target price	Cost, all venues	Cost, order book only
0.5%	1.119605 USDC (shortened; full value 1.11960591044236395 USDC)	2,577.90 USDC (shortened; full value 2577.9088137852987478844879120946 USDC)	231.44 USDC (shortened; full value 231.44118729251379618511218 USDC)
1%	1.492807 USDC (shortened; full value 1.4928078805898186 USDC)	4,442.66 USDC (shortened; full value 4442.6685818047131500891665186186 USDC)	231.44 USDC (shortened; full value 231.44118729251379618511218 USDC)
10%	8.210443 USDC (shortened; full value 8.2104433432440023 USDC)	23,166.28 USDC (shortened; full value 23166.2893647027521331901464286044 USDC)	231.44 USDC (shortened; full value 231.44118729251379618511218 USDC)
100%	75.386797 USDC (shortened; full value 75.3867979697858393 USDC)	89,435.26 USDC (shortened; full value 89435.2607295831037683797947207587 USDC)	231.44 USDC (shortened; full value 231.44118729251379618511218 USDC)

Reachability on the all-venues ladder is unconditionally true whenever an active pool exists, because a constant product curve has no upper price bound. The order-book-only column is the one that answers whether a target is attainable, and it is the one Keel itself uses.

How far the book actually goes

Furthest price the book reaches: not computed
Null by structure, not by failure: an active pool means every target is reachable and a highest price has no meaning
Cost to walk it that far: not computed
Null for the same reason as the price above

Against genuine volume

Not reported for this asset. Without it there is no comparison between the cost of an attack and the genuine trading it would have to hide inside.

Where this number comes from

Source: GET /asset/{assetId}/depth → manipulationCostCombined[], manipulationCostOrderbookOnly[], oracleResistance
What it is: Awaiting methodology copy.
What it does not account for: Awaiting methodology copy.

Which checks fired, and which could not run?

An unevaluated check is not a check that came back clear. The two never share a treatment.

Triggered(5)

MANIPULATION_CHEAP
MANIPULATION_RATIO_LOW
HOLDER_CONCENTRATION_EXTREME
THIN_DEPTH_5PCT
HOLDER_CONCENTRATION_HIGH

Could not be evaluated(3)

NO_GENUINE_TRADE_30D
NO_GENUINE_TRADE_7D
WASH_TRADE_SUSPECTED

Where this number comes from

Source: GET /asset/{assetId}/depth → flags[], unevaluatedFlags[], bandConfidence
What it is: Awaiting methodology copy.
What it does not account for: Awaiting methodology copy.

Who holds it, and is it genuinely traded?

Concentration and wash trading bound how much of the depth above is real.

Largest holder: 74.4575 % (shortened; full value 74.45755173646307593245437733 %)
Top ten holders: 99.5611 % (shortened; full value 99.56113228199657223698611127 %)
Concentration index: 5,896.36 (shortened; full value 5896.3620587457472450416406123824551391238658402115929028)
Herfindahl–Hirschman, over the holder distribution
Volume excluded as not genuine: not computed
Of 30 day volume. A high share indicates suspected wash trading
Volume to supply, 30 day: not computed
Last genuine trade: not computed
No genuine trade was found in the window

Where this number comes from

Source: GET /asset/{assetId}/depth → holderTop1Pct, holderTop10Pct, holderHhi, volumeToSupply, lastGenuineTrade, tradesExcludedPct
What it is: Awaiting methodology copy.
What it does not account for: Awaiting methodology copy.

How has this moved over time?

A single reading cannot separate a thin asset from one that just got thin. This is a stored series, not the historical replay that health reports as unavailable — those are different endpoints.

WindowLast 24 hours Last 7 days Last 30 days

ResolutionHourly Daily

SourceHorizon Hubble Offers implied Trades implied

162 readings from horizon, with no gaps reported. One source per chart.

Band at each reading

Critical: 162 of 162

Which checks were firing

Whether a finding has been there all along or started recently. Only checks that fired at least once appear.

MANIPULATION_CHEAP

throughout

THIN_DEPTH_5PCT

throughout

MANIPULATION_RATIO_LOW

144 of 162

HOLDER_CONCENTRATION_EXTREME

144 of 162

HOLDER_CONCENTRATION_HIGH

144 of 162

Price

Lowest: 0.74640394 USDC (shortened; full value 0.7464039402949093 USDC)
Highest: 0.74640394 USDC (shortened; full value 0.7464039402949093 USDC)

2026-09-11T17:47:50Z — 2026-09-18T10:45:18Z

Mid price: 0.74640394 USDC (shortened; full value 0.7464039402949093 USDC)

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, and the lines darken as the rung widens.

Lowest: 203.10 USDC (shortened; full value 203.1021855632582692706230353554 USDC)
Highest: 703.01 USDC (shortened; full value 703.017294836830732579901990039 USDC)

2026-09-11T17:47:50Z — 2026-09-18T10:45:18ZOne scale across every line on this chart

2% from mid: 236.23 USDC (shortened; full value 236.2375994851072951112837944838 USDC)
5% from mid: 381.35 USDC (shortened; full value 381.3544600242452622046020991454 USDC)
10% from mid: 618.68 USDC (shortened; full value 618.6833070742010479931067731507 USDC)

Cost to move the price by half

The series carries one manipulation rung, at the half per cent delta the engine treats as critical. A reading the engine could not produce breaks the line rather than sitting at zero.

Lowest: 231.44 USDC (shortened; full value 231.44118729251379618511218 USDC)
Highest: 231.44 USDC (shortened; full value 231.44118729251379618511218 USDC)

2026-09-11T17:47:50Z — 2026-09-18T10:45:18Z

Manipulation cost, 0.5%: 231.44 USDC (shortened; full value 231.44118729251379618511218 USDC)

Collateral ceiling

Lowest: 57.86 USDC (shortened; full value 57.860296823128449046278045 USDC)
Highest: 57.86 USDC (shortened; full value 57.860296823128449046278045 USDC)

2026-09-11T17:47:50Z — 2026-09-18T10:45:18Z

Max safe collateral: 57.86 USDC (shortened; full value 57.860296823128449046278045 USDC)

Where this number comes from

Source: GET /asset/{assetId}/history → points[], gaps[], dataSource
What it is: Awaiting methodology copy.
What it does not account for: Awaiting methodology copy.

What was this computed from?

Ledger: 64,488,690
Closed at 2026-09-18T11:00:28Z
Computed at: 2026-09-18T11:00:35.635696Z
Data source: horizon
Methodology: 1.0.8-draft
The version that produced these figures, not the one this page was built against