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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.

Higher at the end of the window than at its start

Lowest
24.90 USDC (shortened; full value 24.9075824460471445517894175 USDC)
Highest
38.77 USDC (shortened; full value 38.7762483019623326535271696285293378857896120063 USDC)
2026-10-04T02:53:37Z — 2026-10-24T22:08:38Z
Max safe collateral
34.48 USDC (shortened; full value 34.4835910617600245042438056219370716614531289449575 USDC)
501 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_2PCT141 of 501

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.

Volume each side can absorb before the price moves 2, 5 or 10 per cent. Buy side bears on oracle manipulation, sell side on liquidation.

  • SDEX
  • AMM
  • Sell side, composition not reported

2% from mid

Buy side
0 USDC
Sell side
6.07 USDC (shortened; full value 6.070108782649340365543089042897253051002496349448 USDC)

5% from mid

Buy side
0.97 USDC (shortened; full value 0.9791798623980541804080398247 USDC)
Sell side
9.16 USDC (shortened; full value 9.165566319023185241620915088541419425961199033144 USDC)

10% from mid

Buy side
5.89 USDC (shortened; full value 5.8968492783859246243429594464 USDC)
Sell side
14.49 USDC (shortened; full value 14.498217517562874275509678496421332516320622494944 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.