What depth stands behind this price?

sUSD against USDC · GCHW7C…T7JYIH

How much can this asset safely back?

The ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.

Low
Medium — this asset
High
Critical

Mediumpartial confidence

A band marked partial is a floor. At least one high-severity check could not be evaluated, so the real band can only be worse than the one shown, never better.

19,178.60 USDC (shortened; full value 19178.608032452935653023801449619842294784468559623568 USDC)

Limited by liquidation depth

Liquidation termbinds: 19,178.60 USDC (shortened; full value 19178.608032452935653023801449619842294784468559623568 USDC)
Sell-side depth at the liquidation delta, times the haircut.
Manipulation term: 42,784.45 USDC (shortened; full value 42784.45053121552266096316868 USDC)
Order-book-only manipulation cost at the critical delta, times the safety margin.

These bands come from thresholds that were chosen, not calibrated

The thresholds were chosen based on the magnitude of the Blend incident of February 2026 and on conservative judgement, not calibrated against a set of incidents. Every flag is reported separately so that consumers can apply their own thresholds.

Every threshold, as the engine serves it

Where this number comes from

Source: GET /asset/{assetId}/depth → maxSafeCollateral, maxSafeCollateralLiquidation, maxSafeCollateralManipulation
What it is: Awaiting methodology copy.
What it does not account for: Awaiting methodology copy.

What this computation could not do

maxReachablePrice and costToMaxReachablePrice are null because an active pool is present: under a constant product curve the price tends to infinity as the base reserve tends to zero, so every target is reachable and a highest price has no meaning

Served by the engine with this response and shown as written.

Where does the price come from?

Two venues can disagree. Both readings are shown, not only the one that won.

Mid price: 0.99350170 USDC (shortened; full value 0.9935017067348353 USDC)
Source: order book mid
Spread: 0.1002 % (shortened; full value 0.10021449199711676560417613 %)
Undefined unless the price came from a two-sided book
Pool spot price: 0.99280364 USDC (shortened; full value 0.9928036442726618 USDC)
Reported whenever an active pool exists, whichever source won
Divergence between the two: 0.0703 % (shortened; full value 0.07031223809466450608543516 %)
Null means there is no pool to diverge from, not that the sources agree

Where this number comes from

Source: GET /asset/{assetId}/depth → midPrice, priceSource, spreadPct, poolSpotPrice, priceDivergencePct
What it is: Awaiting methodology copy.
What it does not account for: Awaiting methodology copy.

What volume can it absorb before the price moves?

Three rungs at 2, 5 and 10 per cent, in each direction. The buy side matters for oracle manipulation and the sell side for liquidation.

SDEX
AMM
Sell side, composition not reported

2% from mid

Buy side

171,142.72 USDC

Sell side

38,156.54 USDC

5% from mid

Buy side

171,149.78 USDC

Sell side

38,163.80 USDC

10% from mid

Buy side

171,161.31 USDC

Sell side

38,357.21 USDC

Bars share one scale. The venue split decomposes the buy side; the sell side is drawn as an outline because its composition is not reported.

Where this number comes from

Source: GET /asset/{assetId}/depth → depth[]
What it is: Awaiting methodology copy.
What it does not account for: Awaiting methodology copy.

What would it cost to move the price?

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.
Move	Target price	Cost, all venues	Cost, order book only
0.5%	1.490252 USDC (shortened; full value 1.49025256010225295 USDC)	171,245.45 USDC (shortened; full value 171245.4503824635964463402068604734 USDC)	171,137.80 USDC (shortened; full value 171137.80212486209064385267472 USDC)
1%	1.987003 USDC (shortened; full value 1.9870034134696706 USDC)	171,336.06 USDC (shortened; full value 171336.0603979527531222443841879522 USDC)	171,137.80 USDC (shortened; full value 171137.80212486209064385267472 USDC)
10%	10.928518 USDC (shortened; full value 10.9285187740831883 USDC)	172,245.85 USDC (shortened; full value 172245.8545699674209380523742253249 USDC)	171,137.80 USDC (shortened; full value 171137.80212486209064385267472 USDC)
100%	100.343672 USDC (shortened; full value 100.3436723802183653 USDC)	175,465.91 USDC (shortened; full value 175465.9114506453471704786684590419 USDC)	171,137.80 USDC (shortened; full value 171137.80212486209064385267472 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.

How far the book actually goes

Furthest price the book reaches: not computed
Null by structure, not by failure: an active pool means every target is reachable and a highest price has no meaning
Cost to walk it that far: not computed
Null for the same reason as the price above

Against genuine volume

Not reported for this asset. Without it there is no comparison between the cost of an attack and the genuine trading it would have to hide inside.

Where this number comes from

Source: GET /asset/{assetId}/depth → manipulationCostCombined[], manipulationCostOrderbookOnly[], oracleResistance
What it is: Awaiting methodology copy.
What it does not account for: Awaiting methodology copy.

Which checks fired, and which could not run?

An unevaluated check is not a check that came back clear. The two never share a treatment.

Triggered(2)

THIN_DEPTH_5PCT
HOLDER_CONCENTRATION_HIGH

Could not be evaluated(3)

NO_GENUINE_TRADE_30D
NO_GENUINE_TRADE_7D
WASH_TRADE_SUSPECTED

Where this number comes from

Source: GET /asset/{assetId}/depth → flags[], unevaluatedFlags[], bandConfidence
What it is: Awaiting methodology copy.
What it does not account for: Awaiting methodology copy.

Who holds it, and is it genuinely traded?

Concentration and wash trading bound how much of the depth above is real.

Largest holder: 35.1574 % (shortened; full value 35.15747673403019738143477979 %)
Top ten holders: 92.8848 % (shortened; full value 92.88484911344507045928038618 %)
Concentration index: 2,212.24 (shortened; full value 2212.2433547256137859145572347699038611680653292295347081)
Herfindahl–Hirschman, over the holder distribution
Volume excluded as not genuine: not computed
Of 30 day volume. A high share indicates suspected wash trading
Volume to supply, 30 day: not computed
Last genuine trade: not computed
No genuine trade was found in the window

Where this number comes from

Source: GET /asset/{assetId}/depth → holderTop1Pct, holderTop10Pct, holderHhi, volumeToSupply, lastGenuineTrade, tradesExcludedPct
What it is: Awaiting methodology copy.
What it does not account for: Awaiting methodology copy.

How has this moved over time?

A single reading cannot separate a thin asset from one that just got thin. This is a stored series, not the historical replay that health reports as unavailable — those are different endpoints.

WindowLast 24 hours Last 7 days Last 30 days

ResolutionHourly Daily

SourceHorizon Hubble Offers implied Trades implied

8 readings from horizon, with no gaps reported. One source per chart.

Band at each reading

Medium: 8 of 8

Which checks were firing

Whether a finding has been there all along or started recently. Only checks that fired at least once appear.

THIN_DEPTH_5PCT

throughout

HOLDER_CONCENTRATION_HIGH

7 of 8

Price

Lowest: 0.99202494 USDC (shortened; full value 0.992024947898139 USDC)
Highest: 0.99594814 USDC (shortened; full value 0.9959481470250296 USDC)

2026-09-11T23:48:17Z — 2026-09-18T13:00:53Z

Mid price: 0.99350170 USDC (shortened; full value 0.9935017067348353 USDC)

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, and the lines darken as the rung widens.

Lowest: 171,142.72 USDC (shortened; full value 171142.7288099628575498311766335296 USDC)
Highest: 187,599.18 USDC (shortened; full value 187599.1860719462464229127485936967 USDC)

2026-09-11T23:48:17Z — 2026-09-18T13:00:53ZOne scale across every line on this chart

2% from mid: 171,142.72 USDC (shortened; full value 171142.7288099628575498311766335296 USDC)
5% from mid: 171,149.78 USDC (shortened; full value 171149.7801431690002600269393050497 USDC)
10% from mid: 171,161.31 USDC (shortened; full value 171161.3121234899746057547525526062 USDC)

Cost to move the price by half

The series carries one manipulation rung, at the half per cent delta the engine treats as critical. A reading the engine could not produce breaks the line rather than sitting at zero.

Lowest: 171,137.80 USDC (shortened; full value 171137.80212486209064385267472 USDC)
Highest: 187,575.80 USDC (shortened; full value 187575.80064547544156096096 USDC)

2026-09-11T23:48:17Z — 2026-09-18T13:00:53Z

Manipulation cost, 0.5%: 171,137.80 USDC (shortened; full value 171137.80212486209064385267472 USDC)

Collateral ceiling

Lowest: 4,747.77 USDC (shortened; full value 4747.772353941968446231702392303248479958393622387325 USDC)
Highest: 19,178.60 USDC (shortened; full value 19178.608032452935653023801449619842294784468559623568 USDC)

2026-09-11T23:48:17Z — 2026-09-18T13:00:53Z

Max safe collateral: 19,178.60 USDC (shortened; full value 19178.608032452935653023801449619842294784468559623568 USDC)

Where this number comes from

Source: GET /asset/{assetId}/history → points[], gaps[], dataSource
What it is: Awaiting methodology copy.
What it does not account for: Awaiting methodology copy.

What was this computed from?

Ledger: 64,490,135
Closed at 2026-09-18T13:00:53Z
Computed at: 2026-09-18T13:01:01.49557Z
Data source: horizon
Methodology: 1.0.8-draft
The version that produced these figures, not the one this page was built against