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keel
Ledger
65,276,596
Methodology
1.0.8-draft
Age
4s

EURC against USDC — what depth stands behind this price?

All assets

EURC / USDC

GDHU…NPP2

Risk band

Low

partial confidence

A floor: the real band can only be worse.

Max safe collateral
67,536.91 USDC (shortened; full value 67536.9196694664548060388438875 USDC)Limited by manipulation cost
Depth within 5%
buy269,306.82 USDC (shortened; full value 269306.8263286987422874711190580651 USDC)sell189,709.35 USDC (shortened; full value 189709.354349839952548205704309686856586479296796078908 USDC)
Cost to reach the critical move
The engine sent no critical rung
Checks
0 triggered3 not evaluated

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
6,270.64 USDC (shortened; full value 6270.6463287001038816072293572219981530807591736219195 USDC)
Highest
75,853.60 USDC (shortened; full value 75853.6035696039561385141641375 USDC)
2026-10-04T01:53:37Z — 2026-10-24T21:08:38Z
Max safe collateral
58,622.15 USDC (shortened; full value 58622.154286981062218851035025909783167064065466756962 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.
Thin depth at 5%THIN_DEPTH_5PCT200 of 501
Nothing tradable within 2%ZERO_DEPTH_2PCT2 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.

The ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.

67,536.91 USDC (shortened; full value 67536.9196694664548060388438875 USDC)

Limited by manipulation cost

Liquidation term
95,339.76 USDC (shortened; full value 95339.768735966874571758324892362398127086492707001954 USDC)

Sell-side depth at the liquidation delta, times the haircut.

Manipulation termbinds
67,536.91 USDC (shortened; full value 67536.9196694664548060388438875 USDC)

Order-book-only manipulation cost at the critical delta, times the safety margin.