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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

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.

Higher at the end of the window than at its start

Lowest
228,349.51 USDC (shortened; full value 228349.5148955808720238012249898739 USDC)
Highest
272,123.77 USDC (shortened; full value 272123.7722666969581178626679787645 USDC)
2026-11-02T23:53:39Z — 2026-11-03T01:08:39ZOne scale across every line on this chart
2% from mid
228,349.51 USDC (shortened; full value 228349.5148955808720238012249898739 USDC)
5% from mid
268,616.70 USDC (shortened; full value 268616.7098566030037352344439380651 USDC)
10% from mid
269,312.48 USDC (shortened; full value 269312.4885594381735723676278289223 USDC)
2 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.

No check fired at any reading in this window. That is not the same as every check having run: a history point lists what fired, not what could not be evaluated.

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.