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keel
Ledger
65,275,710
Methodology
1.0.8-draft
Age
8s

SSLX against USDC — what depth stands behind this price?

All assets

SSLX / USDC

GBHF…37UR

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
0.04 USDC (shortened; full value 0.04698945000120145531218 USDC)Limited by manipulation cost
Depth within 5%
buy107.45 USDC (shortened; full value 107.4559726758673026163810689864 USDC)sell59.27 USDC (shortened; full value 59.27496623220510252952782778875280099971900668532 USDC)
Cost to move +50%
0.18 USDC (shortened; full value 0.18795780000480582124872 USDC)Reachable through the order book
Checks
5 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.

Lower at the end of the window than at its start

Lowest
0 USDC
Highest
473.21 USDC (shortened; full value 473.2147069165655276851740357065 USDC)
2026-10-04T00:54:17Z — 2026-10-24T19:54:13ZOne scale across every line on this chart
2% from mid
40.99 USDC (shortened; full value 40.9975610578386362271932512306 USDC)
5% from mid
101.74 USDC (shortened; full value 101.7475039165204624522557548451 USDC)
10% from mid
201.09 USDC (shortened; full value 201.0999419684255368377662440263 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.
Cheap to move the pricenowMANIPULATION_CHEAPthroughout
Cheap next to real tradingnowMANIPULATION_RATIO_LOWthroughout
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
Extreme spreadSPREAD_EXTREME409 of 500
Price sources disagreePRICE_SOURCE_CONFLICT364 of 500
Nothing tradable within 2%ZERO_DEPTH_2PCT75 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.

0.04 USDC (shortened; full value 0.04698945000120145531218 USDC)

Limited by manipulation cost

Liquidation term
72.75 USDC (shortened; full value 72.75164760648944903201466052123635991146738691556 USDC)

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

Manipulation termbinds
0.04 USDC (shortened; full value 0.04698945000120145531218 USDC)

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