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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

History

Window
Resolution
Source

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
5.20 USDC (shortened; full value 5.2079334148366691310248907577 USDC)
Highest
29.25 USDC (shortened; full value 29.25690692563814331425811904 USDC)
2026-10-04T23:54:22Z — 2026-10-24T22:09:18ZOne scale across every line on this chart
2% from mid
5.28 USDC (shortened; full value 5.283647111673344769414134349 USDC)
5% from mid
13.11 USDC (shortened; full value 13.1129240695577483508694860297 USDC)
10% from mid
25.91 USDC (shortened; full value 25.9171789765770346222330932564 USDC)
21 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 21
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.

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.
MoveTarget priceCost, all venuesCost, order book only
+50%0.00000071 USDC (shortened; full value 0.00000071521779255 USDC)122.91 USDC (shortened; full value 122.9110725914894518974270619647 USDC)free to reach
+100%0.00000095 USDC (shortened; full value 0.0000009536237234 USDC)226.52 USDC (shortened; full value 226.5298999615982393844165745687 USDC)free to reach
+1,000%0.000005 USDC (shortened; full value 0.0000052449304787 USDC)1,266.94 USDC (shortened; full value 1266.9425380501598196871855355585 USDC)free to reach
+10,000%0.000048 USDC (shortened; full value 0.0000481579980317 USDC)4,949.30 USDC (shortened; full value 4949.3008701124896954005632438272 USDC)0.00030 USDC (shortened; full value 0.00030310000142 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.

Highest price the book can reach
not computed

Absorbing every ask. Not computed when an active pool exists, because a constant product curve has no highest price

Cost to reach it
not computed

Every ask below that price. Catches an attack that lands between two rungs of the ladder