What depth stands behind this price?

yUSDC against USDC · GDGTVW…ZNTTFF

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 — this asset
Medium
High
Critical

Lowpartial 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.

100,088.57 USDC (shortened; full value 100088.57995877820693521709918 USDC)

Limited by manipulation cost

Liquidation term: 448,596.48 USDC (shortened; full value 448596.4827492517206905649915373795555110682767669708765 USDC)
Sell-side depth at the liquidation delta, times the haircut.
Manipulation termbinds: 100,088.57 USDC (shortened; full value 100088.57995877820693521709918 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: 0.99873450 USDC (shortened; full value 0.99873450777340985 USDC)
Source: order book mid
Spread: 0.1469 % (shortened; full value 0.14696442765881750398863319 %)
Undefined unless the price came from a two-sided book
Pool spot price: 0.99974271 USDC (shortened; full value 0.9997427101747521 USDC)
Reported whenever an active pool exists, whichever source won
Divergence between the two: 0.1008 % (shortened; full value 0.1008461868320119254224055 %)
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

400,887.47 USDC

Sell side

894,839.53 USDC

5% from mid

Buy side

401,740.58 USDC

Sell side

895,710.98 USDC

10% from mid

Buy side

403,124.62 USDC

Sell side

897,192.96 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%	1.498101 USDC (shortened; full value 1.498101761660114775 USDC)	413,214.75 USDC (shortened; full value 413214.7523169290894951177197770918 USDC)	400,354.31 USDC (shortened; full value 400354.31983511282774086839672 USDC)
1%	1.997469 USDC (shortened; full value 1.9974690155468197 USDC)	424,080.99 USDC (shortened; full value 424080.9960557788345886072900637346 USDC)	400,354.31 USDC (shortened; full value 400354.31983511282774086839672 USDC)
10%	10.986079 USDC (shortened; full value 10.98607958550750835 USDC)	533,587.54 USDC (shortened; full value 533587.549595307337607632122000419 USDC)	400,755.43 USDC (shortened; full value 400755.43760215282774086839672 USDC)
100%	100.872185 USDC (shortened; full value 100.87218528511439485 USDC)	919,747.10 USDC (shortened; full value 919747.1008271886501072009934880878 USDC)	400,755.43 USDC (shortened; full value 400755.43760215282774086839672 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(0)

Nothing triggered.

Could not be evaluated(6)

MANIPULATION_RATIO_LOW
NO_GENUINE_TRADE_30D
HOLDER_CONCENTRATION_EXTREME
NO_GENUINE_TRADE_7D
HOLDER_CONCENTRATION_HIGH
WASH_TRADE_SUSPECTED

Nothing triggered, but 6 checks could not run. This is not a clean result.

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: not computed
Top ten holders: not computed
Concentration index: not computed
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

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

Band at each reading

Low: 163 of 163

Which checks were firing

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

No check fired at any reading in this window. That is not the same as every check having run: a history point lists what fired, not what could not be evaluated.

Price

Lowest: 0.99849220 USDC (shortened; full value 0.9984922041780615 USDC)
Highest: 0.99980829 USDC (shortened; full value 0.9998082944023707 USDC)

2026-09-11T17:48:29Z — 2026-09-18T11:31:13Z

Mid price: 0.99874511 USDC (shortened; full value 0.99874511834874385 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: 394,550.66 USDC (shortened; full value 394550.6668874183757523009860385399 USDC)
Highest: 403,855.77 USDC (shortened; full value 403855.7743750652681828290584438796 USDC)

2026-09-11T17:48:29Z — 2026-09-18T11:31:13ZOne scale across every line on this chart

2% from mid: 400,888.94 USDC (shortened; full value 400888.940813396419362707217035809 USDC)
5% from mid: 401,742.05 USDC (shortened; full value 401742.0532442409298940166761655553 USDC)
10% from mid: 403,126.10 USDC (shortened; full value 403126.1026657284249314831031414592 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: 393,986.97 USDC (shortened; full value 393986.97098800821815686583831 USDC)
Highest: 401,084.93 USDC (shortened; full value 401084.93475805710683063179557 USDC)

2026-09-11T17:48:29Z — 2026-09-18T11:31:13Z

Manipulation cost, 0.5%: 400,355.48 USDC (shortened; full value 400355.48060116871962480101108 USDC)

Collateral ceiling

Lowest: 98,496.74 USDC (shortened; full value 98496.7427470020545392164595775 USDC)
Highest: 100,271.23 USDC (shortened; full value 100271.2336895142767076579488925 USDC)

2026-09-11T17:48:29Z — 2026-09-18T11:31:13Z

Max safe collateral: 100,088.87 USDC (shortened; full value 100088.87015029217990620025277 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: 64,489,238
Closed at 2026-09-18T11:46:08Z
Computed at: 2026-09-18T11:46:17.250297Z
Data source: horizon
Methodology: 1.0.8-draft
The version that produced these figures, not the one this page was built against