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keel
Ledger
65,277,145
Methodology
1.0.8-draft
Age
6s

USDM against USDC — what depth stands behind this price?

All assets

USDM / USDC

GDHD…USDM

Risk band

Medium

partial confidence

A floor: the real band can only be worse.

Max safe collateral
7.20 USDC (shortened; full value 7.2082459844643788414452054099954860321513077516605 USDC)Limited by liquidation depth
Depth within 5%
buy471,095.12 USDC (shortened; full value 471095.1204782048278203837354612986 USDC)sell6.18 USDC (shortened; full value 6.18620798233023392575584547959378112551551121589 USDC)
Cost to move +50%
471,085.41 USDC (shortened; full value 471085.41365044629694821810576 USDC)Reachable through the order book
Checks
1 triggered3 not evaluated

History

Window
Resolution
Source

Cost to move the price 50%

The stored series carries one manipulation rung, the +50% move. A reading the engine could not produce breaks the line rather than sitting at zero.

Higher at the end of the window than at its start

Lowest
467,505.61 USDC (shortened; full value 467505.61758265860745768436867 USDC)
Highest
471,095.67 USDC (shortened; full value 471095.67300615164640610637391 USDC)
2026-10-27T02:54:23Z — 2026-11-03T01:54:24Z
Cost to move +50%
471,085.41 USDC (shortened; full value 471085.41365044629694821810576 USDC)
168 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.
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Nothing tradable within 2%ZERO_DEPTH_2PCT6 of 168
Price sources disagreePRICE_SOURCE_CONFLICT3 of 168
Extreme spreadSPREAD_EXTREME3 of 168

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.

7.20 USDC (shortened; full value 7.2082459844643788414452054099954860321513077516605 USDC)

Limited by liquidation depth

Liquidation termbinds
7.20 USDC (shortened; full value 7.2082459844643788414452054099954860321513077516605 USDC)

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

Manipulation term
117,771.35 USDC (shortened; full value 117771.35341261157423705452644 USDC)

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