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keel
Ledger
65,278,216
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
7.22 USDC (shortened; full value 7.227087851829006697711243524327932031423641429943 USDC)Limited by liquidation depth
Depth within 5%
buy1.02 USDC (shortened; full value 1.0234920825487684922673423031 USDC)sell9.12 USDC (shortened; full value 9.12152281845796007115024692969923047060732137363 USDC)
Cost to move +50%
247.67 USDC (shortened; full value 247.67608534981389985464146 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
25.28 USDC (shortened; full value 25.2851560709334745517894175 USDC)
Highest
37.67 USDC (shortened; full value 37.67122621728435669946069987259858637416183446527 USDC)
2026-10-04T23:53:37Z — 2026-10-24T23:23:38Z
Max safe collateral
34.48 USDC (shortened; full value 34.4835910617600245042438056219370716614531289449575 USDC)
21 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_2PCT5 of 21

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
6.02 USDC (shortened; full value 6.026064291344447063891339609293141221306755231696 USDC)

5% from mid

Buy side
1.02 USDC (shortened; full value 1.0234920825487684922673423031 USDC)
Sell side
9.12 USDC (shortened; full value 9.12152281845796007115024692969923047060732137363 USDC)

10% from mid

Buy side
5.94 USDC (shortened; full value 5.9411630724965179334796697604 USDC)
Sell side
14.45 USDC (shortened; full value 14.454175703658013395422487048655864062847282859886 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.