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keel
Ledger
65,278,214
Methodology
1.0.8-draft
Age
1s

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%
buy16.47 USDC (shortened; full value 16.4702311870027153245255162619 USDC)sell56.85 USDC (shortened; full value 56.851338952450121435871492906195025894854038933418 USDC)
Cost to move +50%
0 USDCReachable at no cost: nothing stands in the way
Checks
7 triggered3 not evaluated

Cost to move the price 50%

The stored series carries one manipulation rung, the +50% move. A reading the engine could not produce breaks the line rather than sitting at zero.

Lower at the end of the window than at its start

Lowest
0 USDC
Highest
55.41 USDC (shortened; full value 55.4130605 USDC)
2026-10-04T03:53:27Z — 2026-10-24T23:23:23Z
Cost to move +50%
0 USDC
501 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_2PCT0 of 501
Price sources disagreePRICE_SOURCE_CONFLICTthroughout

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.

Volume each side can absorb before the price moves 2, 5 or 10 per cent. Buy side bears on oracle manipulation, sell side on liquidation.

  • SDEX
  • AMM
  • Sell side, composition not reported

2% from mid

Buy side
0 USDC
Sell side
34.49 USDC (shortened; full value 34.495973250446287656535428160436913546512898412587 USDC)

5% from mid

Buy side
16.47 USDC (shortened; full value 16.4702311870027153245255162619 USDC)
Sell side
56.85 USDC (shortened; full value 56.851338952450121435871492906195025894854038933418 USDC)

10% from mid

Buy side
51.98 USDC (shortened; full value 51.9855636472821799952496579854 USDC)
Sell side
94.90 USDC (shortened; full value 94.909681089805619099690731894678257745537642179045 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.