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keel
Ledger
65,277,316
Methodology
1.0.8-draft
Age
3s

EURC against USDC — what depth stands behind this price?

All assets

EURC / USDC

GAQR…Z7NM

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
7.24 USDC (shortened; full value 7.249108758781437137754839248210666258160311247472 USDC)Limited by liquidation depth
Depth within 5%
buy0.97 USDC (shortened; full value 0.9791798623980541804080398247 USDC)sell9.16 USDC (shortened; full value 9.165566319023185241620915088541419425961199033144 USDC)
Cost to move +50%
172.40 USDC (shortened; full value 172.40617655663263985464146 USDC)Reachable through the order book
Checks
4 triggered3 not evaluated

History

Window
Resolution
Source

Collateral ceiling

The most this asset could back at each reading: the lower of the liquidation and manipulation limits.

Lower at the end of the window than at its start

Lowest
7.26 USDC (shortened; full value 7.262714301939783296895463490484409427409291044372 USDC)
Highest
34.36 USDC (shortened; full value 34.3692457097353276176523644423261083649686879079465 USDC)
2026-10-27T23:53:38Z — 2026-11-03T02:08:39Z
Max safe collateral
7.26 USDC (shortened; full value 7.262714301939783296895463490484409427409291044372 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
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
Nothing tradable within 2%nowZERO_DEPTH_2PCT6 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.

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
+50%0.851839 USDC (shortened; full value 0.851839087454546175 USDC)214.18 USDC (shortened; full value 214.1827035823895809015966766884 USDC)172.40 USDC (shortened; full value 172.40617655663263985464146 USDC)
+100%1.135785 USDC (shortened; full value 1.1357854499393949 USDC)341.84 USDC (shortened; full value 341.8404462292019475173889099075 USDC)261.42 USDC (shortened; full value 261.42443961559316065464146 USDC)
+1,000%6.246819 USDC (shortened; full value 6.24681997466667195 USDC)729.81 USDC (shortened; full value 729.8105083567623739394234174912 USDC)261.42 USDC (shortened; full value 261.42443961559316065464146 USDC)
+10,000%57.357165 USDC (shortened; full value 57.35716522193944245 USDC)2,102.96 USDC (shortened; full value 2102.9624876494504907849292646197 USDC)261.42 USDC (shortened; full value 261.42443961559316065464146 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.

Highest price the book can reach
not computed

Absorbing every ask. Not computed when an active pool exists, because a constant product curve has no highest price

Cost to reach it
not computed

Every ask below that price. Catches an attack that lands between two rungs of the ladder