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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

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
3,622.54 USDC (shortened; full value 3622.5430813970381350865085470792 USDC)
Highest
5,168.84 USDC (shortened; full value 5168.8471778528454317047731102071 USDC)
2026-10-05T23:54:27Z — 2026-10-25T22:54:28ZOne scale across every line on this chart
2% from mid
4,365.58 USDC (shortened; full value 4365.5814829947661414053345031326 USDC)
5% from mid
4,632.78 USDC (shortened; full value 4632.7894585346847081910021625738 USDC)
10% from mid
5,069.79 USDC (shortened; full value 5069.7900973428702235795005754677 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
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratedHOLDER_CONCENTRATION_HIGH17 of 21

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.