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keel
Ledger
65,277,143
Methodology
1.0.8-draft
Age
7s

sUSD against USDC — what depth stands behind this price?

All assets

sUSD / USDC

GCHW…JYIH

Risk band

Medium

partial confidence

A floor: the real band can only be worse.

Max safe collateral
627.09 USDC (shortened; full value 627.090445917112218870869352431260567822481803432198 USDC)Limited by liquidation depth
Depth within 5%
buy187,628.58 USDC (shortened; full value 187628.5846819924680017336180482795 USDC)sell1,062.50 USDC (shortened; full value 1062.501129173164865371992433043814432392353741172043 USDC)
Cost to move +50%
187,616.58 USDC (shortened; full value 187616.58242347304706958641383 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
142.61 USDC (shortened; full value 142.615515893849366553552558848303918572972809034447 USDC)
Highest
10,473.90 USDC (shortened; full value 10473.907165391882474474035070365345576528289941176931 USDC)
2026-10-27T02:54:13Z — 2026-11-03T01:54:14Z
Max safe collateral
815.50 USDC (shortened; full value 815.5057453991342213620517372936383890868190059890195 USDC)
168 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.
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
Nothing tradable within 2%ZERO_DEPTH_2PCT3 of 168

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.

627.09 USDC (shortened; full value 627.090445917112218870869352431260567822481803432198 USDC)

Limited by liquidation depth

Liquidation termbinds
627.09 USDC (shortened; full value 627.090445917112218870869352431260567822481803432198 USDC)

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

Manipulation term
46,904.14 USDC (shortened; full value 46904.1456058682617673966034575 USDC)

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