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

Collateral ceiling

The most this asset could back at each reading: the lower of the liquidation and manipulation limits.

Unchanged across the window

Lowest
0 USDC
Highest
0 USDC
2026-10-26T22:53:28Z — 2026-11-02T22:08:24Z
Max safe collateral
0 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.

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
38.16 USDC (shortened; full value 38.16559774787631050183156381883781450158630147156 USDC)

5% from mid

Buy side
12.77 USDC (shortened; full value 12.7782923193788240980790601703 USDC)
Sell side
60.52 USDC (shortened; full value 60.520877327031951145966397957844070657210330699727 USDC)

10% from mid

Buy side
48.29 USDC (shortened; full value 48.293487958743490170411941688 USDC)
Sell side
98.57 USDC (shortened; full value 98.579072846664166203379072795928987799938180156421 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.