What depth stands behind this price?

GOLD against USDC · GBCB4W…ACLXAU

How much can this asset safely back?

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

Low
Medium
High
Critical — this asset

Criticalpartial confidence

A band marked partial is a floor. At least one high-severity check could not be evaluated, so the real band can only be worse than the one shown, never better.

9.55 USDC (shortened; full value 9.5502756920256608794899496694048076770266243745 USDC)

Limited by liquidation depth

Liquidation termbinds: 9.55 USDC (shortened; full value 9.5502756920256608794899496694048076770266243745 USDC)
Sell-side depth at the liquidation delta, times the haircut.
Manipulation term: not applicable
Not applied: the critical target is not reachable through the order book.

These bands come from thresholds that were chosen, not calibrated

The thresholds were chosen based on the magnitude of the Blend incident of February 2026 and on conservative judgement, not calibrated against a set of incidents. Every flag is reported separately so that consumers can apply their own thresholds.

Every threshold, as the engine serves it

Where this number comes from

Source: GET /asset/{assetId}/depth → maxSafeCollateral, maxSafeCollateralLiquidation, maxSafeCollateralManipulation
What it is: Awaiting methodology copy.
What it does not account for: Awaiting methodology copy.

What this computation could not do

maxReachablePrice and costToMaxReachablePrice are null because an active pool is present: under a constant product curve the price tends to infinity as the base reserve tends to zero, so every target is reachable and a highest price has no meaning
manipulation to delta 0.5 is unreachable through the order book; the manipulation term was not applied

Served by the engine with this response and shown as written.

Where does the price come from?

Two venues can disagree. Both readings are shown, not only the one that won.

Mid price: 0.00001425 USDC (shortened; full value 0.0000142583001367 USDC)
Source: order book mid
Spread: 7.7022 % (shortened; full value 7.70220654686101183479795503 %)
Undefined unless the price came from a two-sided book
Pool spot price: 0.00001376 USDC (shortened; full value 0.0000137645797793 USDC)
Reported whenever an active pool exists, whichever source won
Divergence between the two: 3.5868 % (shortened; full value 3.58689015804526239671602119 %)
Null means there is no pool to diverge from, not that the sources agree

Where this number comes from

Source: GET /asset/{assetId}/depth → midPrice, priceSource, spreadPct, poolSpotPrice, priceDivergencePct
What it is: Awaiting methodology copy.
What it does not account for: Awaiting methodology copy.

What volume can it absorb before the price moves?

Three rungs at 2, 5 and 10 per cent, in each direction. The buy side matters for oracle manipulation and the sell side for liquidation.

SDEX
AMM
Sell side, composition not reported

2% from mid

Buy side

15.52 USDC

Sell side

0 USDC

5% from mid

Buy side

23.88 USDC

Sell side

4.44 USDC

10% from mid

Buy side

37.54 USDC

Sell side

19.10 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.

Where this number comes from

Source: GET /asset/{assetId}/depth → depth[]
What it is: Awaiting methodology copy.
What it does not account for: Awaiting methodology copy.

What would it cost to move the price?

Read cost together with reachability: a figure on an unreachable rung says how far the book goes, not what the move costs.

Cost to move the price by each delta, through all venues and through the order book alone, with whether the target is reachable at all.
Move	Target price	Cost, all venues	Cost, order book only
0.5%	0.000021 USDC (shortened; full value 0.00002138745020505 USDC)	137.18 USDC (shortened; full value 137.1896094238654127383509534941 USDC)	unreachablebook ends at 0.0029 USDC (shortened; full value 0.0029866000019548603 USDC)
1%	0.000028 USDC (shortened; full value 0.0000285166002734 USDC)	244.50 USDC (shortened; full value 244.5034275740310722502607133572 USDC)	unreachablebook ends at 0.0029 USDC (shortened; full value 0.0029866000019548603 USDC)
10%	0.000156 USDC (shortened; full value 0.0001568413015037 USDC)	1,322.01 USDC (shortened; full value 1322.0166119895708958019990324007 USDC)	unreachablebook ends at 0.0029 USDC (shortened; full value 0.0029866000019548603 USDC)
100%	0.001440 USDC (shortened; full value 0.0014400883138067 USDC)	5,135.68 USDC (shortened; full value 5135.6855166992660994719844931281 USDC)	unreachablebook ends at 0.0029 USDC (shortened; full value 0.0029866000019548603 USDC)

Reachability on the all-venues ladder is unconditionally true whenever an active pool exists, because a constant product curve has no upper price bound. The order-book-only column is the one that answers whether a target is attainable, and it is the one Keel itself uses.

How far the book actually goes

Furthest price the book reaches: not computed
Null by structure, not by failure: an active pool means every target is reachable and a highest price has no meaning
Cost to walk it that far: not computed
Null for the same reason as the price above

Against genuine volume

Not reported for this asset. Without it there is no comparison between the cost of an attack and the genuine trading it would have to hide inside.

Where this number comes from

Source: GET /asset/{assetId}/depth → manipulationCostCombined[], manipulationCostOrderbookOnly[], oracleResistance
What it is: Awaiting methodology copy.
What it does not account for: Awaiting methodology copy.

Which checks fired, and which could not run?

An unevaluated check is not a check that came back clear. The two never share a treatment.

Triggered(3)

ZERO_DEPTH_2PCT
THIN_DEPTH_5PCT
HOLDER_CONCENTRATION_HIGH

Could not be evaluated(3)

NO_GENUINE_TRADE_30D
NO_GENUINE_TRADE_7D
WASH_TRADE_SUSPECTED

Where this number comes from

Source: GET /asset/{assetId}/depth → flags[], unevaluatedFlags[], bandConfidence
What it is: Awaiting methodology copy.
What it does not account for: Awaiting methodology copy.

Who holds it, and is it genuinely traded?

Concentration and wash trading bound how much of the depth above is real.

Largest holder: 34.8634 % (shortened; full value 34.86349822219366615497990362 %)
Top ten holders: 84.9711 % (shortened; full value 84.97111389772639668979403885 %)
Concentration index: 1,795.09 (shortened; full value 1795.0976595804714003402873861760325067760477881531001478)
Herfindahl–Hirschman, over the holder distribution
Volume excluded as not genuine: not computed
Of 30 day volume. A high share indicates suspected wash trading
Volume to supply, 30 day: not computed
Last genuine trade: not computed
No genuine trade was found in the window

Where this number comes from

Source: GET /asset/{assetId}/depth → holderTop1Pct, holderTop10Pct, holderHhi, volumeToSupply, lastGenuineTrade, tradesExcludedPct
What it is: Awaiting methodology copy.
What it does not account for: Awaiting methodology copy.

How has this moved over time?

A single reading cannot separate a thin asset from one that just got thin. This is a stored series, not the historical replay that health reports as unavailable — those are different endpoints.

WindowLast 24 hours Last 7 days Last 30 days

ResolutionHourly Daily

SourceHorizon Hubble Offers implied Trades implied

2 readings from horizon, with no gaps reported. One source per chart.

Band at each reading

Critical: 2 of 2

Which checks were firing

Whether a finding has been there all along or started recently. Only checks that fired at least once appear.

ZERO_DEPTH_2PCT

throughout

THIN_DEPTH_5PCT

throughout

HOLDER_CONCENTRATION_HIGH

throughout

Price

Lowest: 0.00001410 USDC (shortened; full value 0.0000141046972124 USDC)
Highest: 0.00001425 USDC (shortened; full value 0.0000142583001367 USDC)

2026-09-17T23:45:38Z — 2026-09-18T12:45:38Z

Mid price: 0.00001425 USDC (shortened; full value 0.0000142583001367 USDC)

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, and the lines darken as the rung widens.

Lowest: 15.30 USDC (shortened; full value 15.3074940434399495545389196246 USDC)
Highest: 37.58 USDC (shortened; full value 37.5894668366206487519053518886 USDC)

2026-09-17T23:45:38Z — 2026-09-18T12:45:38ZOne scale across every line on this chart

2% from mid: 15.57 USDC (shortened; full value 15.5773702155245146140189556021 USDC)
5% from mid: 23.93 USDC (shortened; full value 23.9301585241736977383818957189 USDC)
10% from mid: 37.58 USDC (shortened; full value 37.5894668366206487519053518886 USDC)

Cost to move the price by half

The series carries one manipulation rung, at the half per cent delta the engine treats as critical. A reading the engine could not produce breaks the line rather than sitting at zero.

No point in this range carried a value.

Collateral ceiling

Lowest: 9.52 USDC (shortened; full value 9.525983731297767260430446830493813588229635393654 USDC)
Highest: 9.58 USDC (shortened; full value 9.5851680280415490106171825269462794148625982385785 USDC)

2026-09-17T23:45:38Z — 2026-09-18T12:45:38Z

Max safe collateral: 9.52 USDC (shortened; full value 9.525983731297767260430446830493813588229635393654 USDC)

Where this number comes from

Source: GET /asset/{assetId}/history → points[], gaps[], dataSource
What it is: Awaiting methodology copy.
What it does not account for: Awaiting methodology copy.

What was this computed from?

Ledger: 64,490,132
Closed at 2026-09-18T13:00:38Z
Computed at: 2026-09-18T13:00:46.666138Z
Data source: horizon
Methodology: 1.0.8-draft
The version that produced these figures, not the one this page was built against