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keel
Ledger
65,277,313
Methodology
1.0.8-draft
Age
6s

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%
buy15.97 USDC (shortened; full value 15.9759398150663919327058039725 USDC)sell57.34 USDC (shortened; full value 57.3426325951341229034003808609758677423669759184 USDC)
Cost to move +50%
0 USDCReachable at no cost: nothing stands in the way
Checks
7 triggered3 not evaluated

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
15.59 USDC (shortened; full value 15.591468936258264701691668889 USDC)
Highest
85.23 USDC (shortened; full value 85.2310643094148075205931360802 USDC)
2026-10-04T23:53:27Z — 2026-10-24T22:08:23ZOne scale across every line on this chart
2% from mid
15.59 USDC (shortened; full value 15.591468936258264701691668889 USDC)
5% from mid
38.69 USDC (shortened; full value 38.6948151481057514384769510498 USDC)
10% from mid
76.47 USDC (shortened; full value 76.478781112384174929321212414 USDC)
21 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 21
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.

Both price sources, not only the one that won, and the pair that set the band.

Price used
0.00141666 USDC (shortened; full value 0.00141666666666665 USDC)

Order book mid

AMM pool spot price
0.00145617 USDC (shortened; full value 0.0014561741083573 USDC)

The pool with the largest quote reserve, reported whichever source set the price

Book against pool
2.7130 % (shortened; full value 2.71309876091795598162360289 %)

Past the methodology threshold, the pool price is used and PRICE_SOURCE_CONFLICT fires

Spread
195.2941 % (shortened; full value 195.29411764706347404844290663 %)

Best ask minus best bid, over the mid