What depth stands behind this price?

yXLM against USDC · GARDNV…DL5T55

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
High
Critical — this asset

Criticalpartial 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.

737.18 USDC (shortened; full value 737.180220636202396318068821731706493278968664247984 USDC)

Limited by liquidation depth

Liquidation termbinds: 737.18 USDC (shortened; full value 737.180220636202396318068821731706493278968664247984 USDC)
Sell-side depth at the liquidation delta, times the haircut.
Manipulation term: 812.67 USDC (shortened; full value 812.67436896350225198095971 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: 0.18491428 USDC (shortened; full value 0.1849142870344 USDC)
Source: order book mid
Spread: 0.3 %
Undefined unless the price came from a two-sided book
Pool spot price: 0.18566124 USDC (shortened; full value 0.1856612424353928 USDC)
Reported whenever an active pool exists, whichever source won
Divergence between the two: 0.4023 % (shortened; full value 0.40232166455135554878128287 %)
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

437.63 USDC

Sell side

546.67 USDC

5% from mid

Buy side

772.10 USDC

Sell side

888.05 USDC

10% from mid

Buy side

3,578.62 USDC

Sell side

1,474.36 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%	0.277371 USDC (shortened; full value 0.2773714305516 USDC)	8,260.08 USDC (shortened; full value 8260.0850044776627356836034477674 USDC)	3,250.69 USDC (shortened; full value 3250.69747585400900792383884 USDC)
1%	0.369828 USDC (shortened; full value 0.3698285740688 USDC)	16,963.49 USDC (shortened; full value 16963.4971159107229944902693855869 USDC)	7,692.74 USDC (shortened; full value 7692.74315516912331941024424 USDC)
10%	2.034057 USDC (shortened; full value 2.0340571573784 USDC)	174,899.24 USDC (shortened; full value 174899.2417022400243534376382005723 USDC)	122,841.09 USDC (shortened; full value 122841.09471623397863941024424 USDC)
100%	18.676342 USDC (shortened; full value 18.6763429904744 USDC)	356,791.35 USDC (shortened; full value 356791.3568514658034216240855688457 USDC)	153,294.73 USDC (shortened; full value 153294.73778536797863941024424 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)

MANIPULATION_CHEAP
THIN_DEPTH_5PCT

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

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

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

Band at each reading

Critical: 162 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.

MANIPULATION_CHEAP

throughout

THIN_DEPTH_5PCT

throughout

ZERO_DEPTH_2PCT

6 of 162

Price

Lowest: 0.16794796 USDC (shortened; full value 0.1679479687286477 USDC)
Highest: 0.19520579 USDC (shortened; full value 0.19520579251466025 USDC)

2026-09-11T17:48:29Z — 2026-09-18T10:46:08Z

Mid price: 0.18620921 USDC (shortened; full value 0.1862092189234697 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: 3,916.23 USDC (shortened; full value 3916.2321091505667056795541259787 USDC)

2026-09-11T17:48:29Z — 2026-09-18T10:46:08ZOne scale across every line on this chart

2% from mid: 464.83 USDC (shortened; full value 464.8355094361489328540951422758 USDC)
5% from mid: 3,064.10 USDC (shortened; full value 3064.1003779312827405119470763249 USDC)
10% from mid: 3,608.88 USDC (shortened; full value 3608.8803481720682452918959691292 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: 697.16 USDC (shortened; full value 697.16778663095064257966684 USDC)
Highest: 3,238.32 USDC (shortened; full value 3238.3204715031934885521193 USDC)

2026-09-11T17:48:29Z — 2026-09-18T10:46:08Z

Manipulation cost, 0.5%: 3,198.59 USDC (shortened; full value 3198.59902066104860501886927 USDC)

Collateral ceiling

Lowest: 174.29 USDC (shortened; full value 174.29194665773766064491671 USDC)
Highest: 783.62 USDC (shortened; full value 783.626428616156909705896765 USDC)

2026-09-11T17:48:29Z — 2026-09-18T10:46:08Z

Max safe collateral: 701.13 USDC (shortened; full value 701.130983582804089826219320188824490416985190267592 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: 64,488,696
Closed at 2026-09-18T11:00:58Z
Computed at: 2026-09-18T11:01:16.804861Z
Data source: horizon
Methodology: 1.0.8-draft
The version that produced these figures, not the one this page was built against