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keel
Ledger
65,275,165
Methodology
1.0.8-draft
Age
4s

UAF against USDC — what depth stands behind this price?

All assets

UAF / USDC

GDT5…RC5E

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
0 USDCLimited by manipulation cost
Depth within 5%
buy13.50 USDC (shortened; full value 13.5006314764198582175280882066 USDC)sell13.75 USDC (shortened; full value 13.759651134391686500140161545697801603738759740001 USDC)
Cost to move +50%
0 USDCReachable at no cost: nothing stands in the way
Checks
4 triggered5 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.

Higher at the end of the window than at its start

Lowest
5.24 USDC (shortened; full value 5.2460318327013055704207756829 USDC)
Highest
27.09 USDC (shortened; full value 27.0993513533901411197868982066 USDC)
2026-10-26T23:54:23Z — 2026-11-02T23:09:19ZOne scale across every line on this chart
2% from mid
5.44 USDC (shortened; full value 5.4402124632989139816615614673 USDC)
5% from mid
13.50 USDC (shortened; full value 13.5014870307846382873209830164 USDC)
10% from mid
26.68 USDC (shortened; full value 26.6851583956880696694307846596 USDC)
169 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
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGH55 of 169
Price sources disagreePRICE_SOURCE_CONFLICT3 of 169
Extreme spreadSPREAD_EXTREME3 of 169

Not evaluated5

  • Price sources disagree
  • Extreme spread
  • 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 USDC

Limited by manipulation cost

Liquidation term
13.94 USDC (shortened; full value 13.943209831939902782896056993979841326768066601142 USDC)

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

Manipulation termbinds
0 USDC

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