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keel
Ledger
65,295,146
Methodology
1.0.8-draft
Age
4s

USDZ against USDC — what depth stands behind this price?

All assets

USDZ / USDC

GAKT…6XPR

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
1,039.86 USDC (shortened; full value 1039.8632738225335481645223275 USDC)Limited by manipulation cost
Depth within 5%
buy4,616.93 USDC (shortened; full value 4616.9363092271799306447532645886 USDC)sell3,881.21 USDC (shortened; full value 3881.214660412402319536655949454402903581126027030368 USDC)
Cost to move +50%
4,159.45 USDC (shortened; full value 4159.45309529013419265808931 USDC)Reachable through the order book
Checks
2 triggered3 not evaluated

Collateral ceiling

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

Lower at the end of the window than at its start

Lowest
860.93 USDC (shortened; full value 860.9341076409542350751366175 USDC)
Highest
1,145.32 USDC (shortened; full value 1145.32991197549633537478445 USDC)
2026-10-05T03:54:27Z — 2026-10-25T22:54:28Z
Max safe collateral
1,048.86 USDC (shortened; full value 1048.8605206944042719350038575 USDC)
500 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
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratedHOLDER_CONCENTRATION_HIGH425 of 500

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.

1,039.86 USDC (shortened; full value 1039.8632738225335481645223275 USDC)

Limited by manipulation cost

Liquidation term
2,174.74 USDC (shortened; full value 2174.748115987303349817391298352552558077755322622786 USDC)

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

Manipulation termbinds
1,039.86 USDC (shortened; full value 1039.8632738225335481645223275 USDC)

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