Skip to content
keel
Ledger
65,274,433
Methodology
1.0.8-draft
Age
7s

AMM against USDC — what depth stands behind this price?

All assets

AMM / USDC

GARQ…BDOQ

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
0 USDCLimited by manipulation cost
Depth within 5%
buy12.77 USDC (shortened; full value 12.7782923193788240980790601703 USDC)sell60.52 USDC (shortened; full value 60.520877327031951145966397957844070657210330699727 USDC)
Cost to move +50%
0 USDCReachable at no cost: nothing stands in the way
Checks
7 triggered3 not evaluated

History

Window
Resolution
Source

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.

Lower at the end of the window than at its start

Lowest
0 USDC
Highest
77.42 USDC (shortened; full value 77.4207831532640589256536287425 USDC)
2026-10-26T22:53:28Z — 2026-11-02T22:08:24ZOne scale across every line on this chart
2% from mid
0 USDC
5% from mid
12.77 USDC (shortened; full value 12.7782923193788240980790601703 USDC)
10% from mid
48.29 USDC (shortened; full value 48.293487958743490170411941688 USDC)
169 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.
Cheap to move the pricenowMANIPULATION_CHEAPthroughout
Cheap next to real tradingnowMANIPULATION_RATIO_LOWthroughout
Extreme spreadnowSPREAD_EXTREMEthroughout
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
Nothing tradable within 2%nowZERO_DEPTH_2PCT70 of 169
Price sources disagreePRICE_SOURCE_CONFLICT99 of 169

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.

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.
MoveTarget priceCost, all venuesCost, order book only
+50%0.002124 USDC (shortened; full value 0.002124999999999975 USDC)307.41 USDC (shortened; full value 307.4152211764806518554269630503 USDC)free to reach
+100%0.002833 USDC (shortened; full value 0.0028333333333333 USDC)641.88 USDC (shortened; full value 641.8811708953696445378094969035 USDC)55.41 USDC (shortened; full value 55.4130605 USDC)
+1,000%0.015583 USDC (shortened; full value 0.01558333333333315 USDC)3,443.78 USDC (shortened; full value 3443.7865775397587810479485717403 USDC)55.41 USDC (shortened; full value 55.4130605 USDC)
+10,000%0.143083 USDC (shortened; full value 0.14308333333333165 USDC)13,360.63 USDC (shortened; full value 13360.6392692807755169526930667795 USDC)55.41 USDC (shortened; full value 55.4130605 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.

Highest price the book can reach
not computed

Absorbing every ask. Not computed when an active pool exists, because a constant product curve has no highest price

Cost to reach it
not computed

Every ask below that price. Catches an attack that lands between two rungs of the ladder