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keel
Ledger
65,275,699
Methodology
1.0.8-draft
Age
10s

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
66,675.89 USDC (shortened; full value 66675.8945438815389590575666 USDC)Limited by manipulation cost
Depth within 5%
buy244,512.07 USDC (shortened; full value 244512.0752476686034275114010139808 USDC)sell179,326.78 USDC (shortened; full value 179326.788298662476475297594292280603825605116422984328 USDC)
Cost to reach the critical move
The engine sent no critical rung
Checks
0 triggered3 not evaluated

History

Window
Resolution
Source

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.

Lower at the end of the window than at its start

Lowest
0 USDC
Highest
306,775.03 USDC (shortened; full value 306775.0385866549084164187879480157 USDC)
2026-10-04T00:53:37Z — 2026-10-24T19:53:38ZOne scale across every line on this chart
2% from mid
236,415.43 USDC (shortened; full value 236415.4345672927666565303307272933 USDC)
5% from mid
266,541.89 USDC (shortened; full value 266541.8988188637830907257702930434 USDC)
10% from mid
267,761.28 USDC (shortened; full value 267761.2845483514247913851084870707 USDC)
500 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 500
Nothing tradable within 2%ZERO_DEPTH_2PCT2 of 500

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.

66,675.89 USDC (shortened; full value 66675.8945438815389590575666 USDC)

Limited by manipulation cost

Liquidation term
90,214.87 USDC (shortened; full value 90214.871546218398826529874255365963975910084515109045 USDC)

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

Manipulation termbinds
66,675.89 USDC (shortened; full value 66675.8945438815389590575666 USDC)

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