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keel
Ledger
65,276,605
Methodology
1.0.8-draft
Age
5s

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%
buy13.49 USDC (shortened; full value 13.4939719523895934054046147861 USDC)sell13.75 USDC (shortened; full value 13.752863842438892497527693013227200388413963424832 USDC)
Cost to move +50%
0 USDCReachable at no cost: nothing stands in the way
Checks
4 triggered5 not evaluated

Collateral ceiling

The most this asset could back at each reading: the lower of the liquidation and manipulation limits.

Unchanged across the window

Lowest
0 USDC
Highest
0 USDC
2026-10-04T01:54:22Z — 2026-10-24T21:09:23Z
Max safe collateral
0 USDC
501 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_HIGH0 of 501
Price sources disagreePRICE_SOURCE_CONFLICTthroughout
Extreme spreadSPREAD_EXTREMEthroughout

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
13.93 USDC (shortened; full value 13.936331995070049047265241832077990678102119798144 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.