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keel
Ledger
65,274,434
Methodology
1.0.8-draft
Age
6s

BEER against USDC — what depth stands behind this price?

All assets

BEER / USDC

GBL2…SHNN

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%
buy5.77 USDC (shortened; full value 5.7790242571018044901441675967 USDC)sell5.88 USDC (shortened; full value 5.889899136480584201888544787529376367237090189365 USDC)
Cost to move +50%
0 USDCReachable at no cost: nothing stands in the way
Checks
3 triggered5 not evaluated

History

Window
Resolution
Source

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
2.32 USDC (shortened; full value 2.3268189655060598151454533035 USDC)
Highest
11.76 USDC (shortened; full value 11.7611642656453081835631656787 USDC)
2026-10-26T22:53:28Z — 2026-11-02T22:08:29ZOne scale across every line on this chart
2% from mid
2.32 USDC (shortened; full value 2.3285671954139485050306553946 USDC)
5% from mid
5.77 USDC (shortened; full value 5.7790242571018044901441675967 USDC)
10% from mid
11.42 USDC (shortened; full value 11.4220142804761171590183916584 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.
Cheap to move the pricenowMANIPULATION_CHEAPthroughout
Cheap next to real tradingnowMANIPULATION_RATIO_LOWthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout

Not evaluated5

  • Price sources disagree
  • Extreme spread
  • 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