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.

17,262.90 USDC (shortened; full value 17262.90218156417067799901135786952485751596379904032 USDC)

Limited by liquidation depth

Liquidation termbinds: 17,262.90 USDC (shortened; full value 17262.90218156417067799901135786952485751596379904032 USDC)
Sell-side depth at the liquidation delta, times the haircut.
Manipulation term: 42,902.56 USDC (shortened; full value 42902.56250203639350024024 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: 0.99314687 USDC (shortened; full value 0.99314687069311845 USDC)
Source: order book mid
Spread: 0.1717 % (shortened; full value 0.17172269923912243601348034 %)
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: 0.0345 % (shortened; full value 0.03457143035651336869027288 %)
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

171,615.09 USDC

Sell side

34,325.13 USDC

5% from mid

Buy side

171,622.14 USDC

Sell side

34,332.39 USDC

10% from mid

Buy side

171,633.67 USDC

Sell side

34,525.80 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%	1.489720 USDC (shortened; full value 1.489720306039677675 USDC)	171,717.79 USDC (shortened; full value 171717.7936607876647319091310765863 USDC)	171,610.25 USDC (shortened; full value 171610.25000814557400096096 USDC)
1%	1.986293 USDC (shortened; full value 1.9862937413862369 USDC)	171,808.38 USDC (shortened; full value 171808.387493833282756490059696446 USDC)	171,610.25 USDC (shortened; full value 171610.25000814557400096096 USDC)
10%	10.924615 USDC (shortened; full value 10.92461557762430295 USDC)	172,718.01 USDC (shortened; full value 172718.0191816817031527707021116271 USDC)	171,610.25 USDC (shortened; full value 171610.25000814557400096096 USDC)
100%	100.307833 USDC (shortened; full value 100.30783394000496345 USDC)	175,937.50 USDC (shortened; full value 175937.5009781552893907210240852879 USDC)	171,610.25 USDC (shortened; full value 171610.25000814557400096096 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

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

Band at each reading

Medium: 161 of 162
Critical: 1 of 162

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

144 of 162

ZERO_DEPTH_2PCT

1 of 162

Price

Lowest: 0.94761305 USDC (shortened; full value 0.94761305715335005 USDC)
Highest: 0.99662586 USDC (shortened; full value 0.99662586773639575 USDC)

2026-09-11T17:48:18Z — 2026-09-18T10:45:43Z

Mid price: 0.99301801 USDC (shortened; full value 0.99301801378881035 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: 0 USDC
Highest: 188,459.71 USDC (shortened; full value 188459.7119379976437139832568372212 USDC)

2026-09-11T17:48:18Z — 2026-09-18T10:45:43ZOne scale across every line on this chart

2% from mid: 171,400.56 USDC (shortened; full value 171400.5650070068778549707211136035 USDC)
5% from mid: 171,407.61 USDC (shortened; full value 171407.6146235096983924913542706869 USDC)
10% from mid: 171,419.14 USDC (shortened; full value 171419.1437962780653815579113396143 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: 145,426.02 USDC (shortened; full value 145426.02561251783078581798703 USDC)
Highest: 188,436.53 USDC (shortened; full value 188436.53998269049432337531422 USDC)

2026-09-11T17:48:18Z — 2026-09-18T10:45:43Z

Manipulation cost, 0.5%: 171,395.75 USDC (shortened; full value 171395.75590986341356096096 USDC)

Collateral ceiling

Lowest: 96.14 USDC (shortened; full value 96.14033502195051225300037327433556850045063763092 USDC)
Highest: 18,821.70 USDC (shortened; full value 18821.70440056242469636548428810699001428420487465656 USDC)

2026-09-11T17:48:18Z — 2026-09-18T10:45:43Z

Max safe collateral: 18,821.70 USDC (shortened; full value 18821.70440056242469636548428810699001428420487465656 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: 64,488,695
Closed at 2026-09-18T11:00:53Z
Computed at: 2026-09-18T11:01:00.304267Z
Data source: horizon
Methodology: 1.0.8-draft
The version that produced these figures, not the one this page was built against