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Keel
Ledger
64,490,131
Methodology
1.0.8-draft
Age
6s

What depth stands behind this price?

DicInu against USDC · GDMNBJ…CFCNEA

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.
  1. Low
  2. Medium
  3. High
  4. 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.

0 USDC

Limited by manipulation cost

Liquidation term
8.93 USDC (shortened; full value 8.93248628509248206111943333002896182649590262941 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.

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
0.00000575 USDC (shortened; full value 0.0000057582206024 USDC)

Source: AMM pool spot

Spread
15,423.1673 % (shortened; full value 15423.16735190457940347561700426 %)

Undefined unless the price came from a two-sided book

Pool spot price
0.00000575 USDC (shortened; full value 0.0000057582206024 USDC)

Reported whenever an active pool exists, whichever source won

Divergence between the two
7,644.5799 % (shortened; full value 7644.57998038717169798440648919 %)

PRICE_SOURCE_CONFLICT is triggered: the two sources disagree past the threshold and the pool was taken

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
3.48 USDC (shortened; full value 3.4849611019496086326852486846 USDC)
Sell side
3.49 USDC (shortened; full value 3.4989002262162662155852089364371105602423948925 USDC)

5% from mid

Buy side
8.64 USDC (shortened; full value 8.6489557968898555430787622468 USDC)
Sell side
8.81 USDC (shortened; full value 8.814892447796643248773685825745059236649181272355 USDC)

10% from mid

Buy side
17.09 USDC (shortened; full value 17.094321156704282581272212244 USDC)
Sell side
17.86 USDC (shortened; full value 17.86497257018496412223886666005792365299180525882 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.
MoveTarget priceCost, all venuesCost, order book only
0.5%0.000008 USDC (shortened; full value 0.0000086373309036 USDC)78.71 USDC (shortened; full value 78.7123883050259474086346093662 USDC)free to reach
1%0.000011 USDC (shortened; full value 0.0000115164412048 USDC)145.07 USDC (shortened; full value 145.0700012011011308526737844477 USDC)free to reach
10%0.000063 USDC (shortened; full value 0.0000633404266264 USDC)811.35 USDC (shortened; full value 811.3514178385287025790989770381 USDC)free to reach
100%0.000581 USDC (shortened; full value 0.0005815802808424 USDC)3,169.53 USDC (shortened; full value 3169.537616547872960229961763451 USDC)free to reach

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(6)

  • MANIPULATION_CHEAP
  • MANIPULATION_RATIO_LOW
  • PRICE_SOURCE_CONFLICT
  • SPREAD_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
41.8504 % (shortened; full value 41.85040823181937128979970129 %)
Top ten holders
81.0436 % (shortened; full value 81.04362814463340662734355413 %)
Concentration index
2,052.11 (shortened; full value 2052.1175745899338403065565474339681934586059614294715167)

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.

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

Band at each reading

Critical
2 of 2

Which checks were firing

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

MANIPULATION_CHEAPthroughout
MANIPULATION_RATIO_LOWthroughout
PRICE_SOURCE_CONFLICTthroughout
SPREAD_EXTREMEthroughout
THIN_DEPTH_5PCTthroughout
HOLDER_CONCENTRATION_HIGHthroughout

Price

Lowest
0.00000571 USDC (shortened; full value 0.0000057180435639 USDC)
Highest
0.00000575 USDC (shortened; full value 0.0000057580943616 USDC)
2026-09-17T23:45:33Z2026-09-18T12:45:33Z
Mid price
0.00000575 USDC (shortened; full value 0.0000057580943616 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
3.47 USDC (shortened; full value 3.4727055866957002002735753456 USDC)
Highest
17.09 USDC (shortened; full value 17.0941334898651898441205201297 USDC)
2026-09-17T23:45:33Z2026-09-18T12:45:33ZOne scale across every line on this chart
2% from mid
3.48 USDC (shortened; full value 3.4849228429495366979183055348 USDC)
5% from mid
8.64 USDC (shortened; full value 8.64886084593035408626409429 USDC)
10% from mid
17.09 USDC (shortened; full value 17.0941334898651898441205201297 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
0 USDC
Highest
0 USDC
2026-09-17T23:45:33Z2026-09-18T12:45:33Z
Manipulation cost, 0.5%
0 USDC

Collateral ceiling

Lowest
0 USDC
Highest
0 USDC
2026-09-17T23:45:33Z2026-09-18T12:45:33Z
Max safe collateral
0 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
64,490,131

Closed at 2026-09-18T13:00:33Z

Computed at
2026-09-18T13:00:39.674543Z
Data source
horizon
Methodology
1.0.8-draft

The version that produced these figures, not the one this page was built against