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keel
Ledger
65,275,720
Methodology
1.0.8-draft
Age
4s

XRP against USDC — what depth stands behind this price?

All assets

XRP / USDC

GBXR…DTD5

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
36.65 USDC (shortened; full value 36.65965809892686220273356947774096812456696845765 USDC)Limited by liquidation depth
Depth within 5%
buy328.50 USDC (shortened; full value 328.5024423503702975953169260223 USDC)sell30.30 USDC (shortened; full value 30.3035866217985114960128802188695002935129163622 USDC)
Cost to move +50%
701.49 USDC (shortened; full value 701.49430323531939635622309 USDC)Reachable through the order book
Checks
5 triggered3 not evaluated

History

Window
Resolution
Source

No readings were stored in this range from this source

The engine accepted the request and returned nothing for Hubble. The series is as old as the deployment, so a window can reach back further than anything that was recorded. It is not empty because the figures were zero.

Checks

What fires now, how long it has been firing across the window above, and what could not run.

Triggered5

  • Cheap to move the price
  • Cheap next to real trading
  • One holder owns most of it
  • Thin depth at 5%
  • Supply is concentrated

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.

An averaging oracle makes an attacker outweigh genuine trading as well as move the book. A market with no genuine volume has no such defence.

Cost of a 50% move, order book only
701.49 USDC (shortened; full value 701.49430323531939635622309 USDC)

The target is reachable through the order book

Genuine volume in the oracle window
3.20 USDC (shortened; full value 3.2043422 USDC)

Over the last 900 seconds (15 minutes), after the genuine-trade filter

Cost against genuine volume
218.9199 (shortened; full value 218.9199091268465010872506344672)

Below 1, moving the price is cheaper than all genuine trading across the window. Not computed when there was no genuine volume or the target is unreachable

Total attack cost
704.69 USDC (shortened; full value 704.69864543531939635622309 USDC)

The move, plus the genuine volume an averaging oracle forces an attacker to outweigh