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keel
Ledger
65,277,325
Methodology
1.0.8-draft
Age
3s

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 13.5055288841265467816454543463 USDC)sell13.76 USDC (shortened; full value 13.764642502508401118786510164868792745314323450759 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
5.43 USDC (shortened; full value 5.439221337224347377939709669 USDC)
Highest
26.69 USDC (shortened; full value 26.6939412860032114991777177783 USDC)
2026-11-02T23:54:24Z — 2026-11-03T02:09:24ZOne scale across every line on this chart
2% from mid
5.44 USDC (shortened; full value 5.4420030012694115666974258181 USDC)
5% from mid
13.50 USDC (shortened; full value 13.505930777301872846601032545 USDC)
10% from mid
26.69 USDC (shortened; full value 26.6939412860032114991777177783 USDC)
2 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_HIGHthroughout

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 13.948267786703439994414093258706372203210812446778 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.