What depth stands behind this price?

LIBRE against USDC · GAYCCW…7TF5CY

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.

0.00013 USDC (shortened; full value 0.00013385001377 USDC)

Limited by manipulation cost

Liquidation term: 11.94 USDC (shortened; full value 11.94733518389525460175173898428361914862106406872 USDC)
Sell-side depth at the liquidation delta, times the haircut.
Manipulation termbinds: 0.00013 USDC (shortened; full value 0.00013385001377 USDC)
Order-book-only manipulation cost at the critical delta, times the safety margin.

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

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: 0.0009866 USDC
Source: order book mid
Spread: 17.5552 % (shortened; full value 17.55524021893371173727954592 %)
Undefined unless the price came from a two-sided book
Pool spot price: 0.00107416 USDC (shortened; full value 0.0010741693524951 USDC)
Reported whenever an active pool exists, whichever source won
Divergence between the two: 8.1522 % (shortened; full value 8.15228551174843372661534516 %)
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

0 USDC

Sell side

13.00 USDC

5% from mid

Buy side

0 USDC

Sell side

16.71 USDC

10% from mid

Buy side

1.31 USDC

Sell side

23.89 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%	0.001479 USDC (shortened; full value 0.0014799 USDC)	44.35 USDC (shortened; full value 44.3514678768544371563259696986 USDC)	0.00053 USDC (shortened; full value 0.00053540005508 USDC)
1%	0.001973 USDC (shortened; full value 0.0019732 USDC)	91.06 USDC (shortened; full value 91.0665395249189499876655631189 USDC)	0.36 USDC (shortened; full value 0.36865340005508 USDC)
10%	0.010852 USDC (shortened; full value 0.0108526 USDC)	656.42 USDC (shortened; full value 656.4255629398203649989735682889 USDC)	100.36 USDC (shortened; full value 100.36865340005508 USDC)
100%	0.099646 USDC (shortened; full value 0.0996466 USDC)	6,803.48 USDC (shortened; full value 6803.4821955564500108586882393767 USDC)	4,600.36 USDC (shortened; full value 4600.36865340005508 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(4)

ZERO_DEPTH_2PCT
MANIPULATION_CHEAP
MANIPULATION_RATIO_LOW
THIN_DEPTH_5PCT

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: 18.8581 % (shortened; full value 18.8581899811774271572253229 %)
Top ten holders: 58.2889 % (shortened; full value 58.28892806391237274676345208 %)
Concentration index: 588.90 (shortened; full value 588.909821998497259852891247048553545274161453474962869)
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

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

Band at each reading

Critical: 162 of 162

Which checks were firing

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

MANIPULATION_CHEAP

throughout

THIN_DEPTH_5PCT

throughout

ZERO_DEPTH_2PCT

153 of 162

MANIPULATION_RATIO_LOW

144 of 162

SPREAD_EXTREME

32 of 162

Price

Lowest: 0.00096685 USDC
Highest: 0.0010564 USDC

2026-09-11T17:48:07Z — 2026-09-18T10:45:43Z

Mid price: 0.0009866 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: 0 USDC
Highest: 14.50 USDC (shortened; full value 14.5041144571712610337951538764 USDC)

2026-09-11T17:48:07Z — 2026-09-18T10:45:43ZOne scale across every line on this chart

2% from mid: 0 USDC
5% from mid: 0 USDC
10% from mid: 1.31 USDC (shortened; full value 1.3164826728082664335392550656 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.

Lowest: 0.00077 USDC (shortened; full value 0.00077730008632 USDC)
Highest: 1.81 USDC (shortened; full value 1.8145655002569 USDC)

2026-09-11T17:48:07Z — 2026-09-18T10:45:43Z

Manipulation cost, 0.5%: 0.00077 USDC (shortened; full value 0.00077730008632 USDC)

Collateral ceiling

Lowest: 0.00019 USDC (shortened; full value 0.00019432502158 USDC)
Highest: 0.45 USDC (shortened; full value 0.453641375064225 USDC)

2026-09-11T17:48:07Z — 2026-09-18T10:45:43Z

Max safe collateral: 0.00019 USDC (shortened; full value 0.00019432502158 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: 64,488,693
Closed at 2026-09-18T11:00:43Z
Computed at: 2026-09-18T11:00:51.331993Z
Data source: horizon
Methodology: 1.0.8-draft
The version that produced these figures, not the one this page was built against