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keel
Ledger
65,274,976
Methodology
1.0.8-draft
Age
12s

GROG against USDC — what depth stands behind this price?

All assets

GROG / USDC

GBE2…TECL

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
40.68 USDC (shortened; full value 40.683564535622589361346923990498686882979863806575 USDC)Limited by liquidation depth
Depth within 5%
buy0 USDCsell54.04 USDC (shortened; full value 54.04662342276338563784003480982518148306494426465 USDC)
Cost to move +50%
229.14 USDC (shortened; full value 229.1403381 USDC)Reachable through the order book
Checks
6 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.

Unchanged across the window

Lowest
0 USDC
Highest
24.00 USDC (shortened; full value 24.0031045760721701648919842936 USDC)
2026-11-01T23:53:49Z — 2026-11-02T22:53:44ZOne scale across every line on this chart
2% from mid
0 USDC
5% from mid
0 USDC
10% from mid
24.00 USDC (shortened; full value 24.0031045760721701648919842936 USDC)
24 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.
Nothing tradable within 2%nowZERO_DEPTH_2PCTthroughout
Cheap to move the pricenowMANIPULATION_CHEAPthroughout
Extreme spreadnowSPREAD_EXTREMEthroughout
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout

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.

40.68 USDC (shortened; full value 40.683564535622589361346923990498686882979863806575 USDC)

Limited by liquidation depth

Liquidation termbinds
40.68 USDC (shortened; full value 40.683564535622589361346923990498686882979863806575 USDC)

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

Manipulation term
57.28 USDC (shortened; full value 57.285084525 USDC)

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