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keel
Ledger
65,275,153
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%
buy13.77 USDC (shortened; full value 13.7724635392947426889842562291 USDC)sell59.53 USDC (shortened; full value 59.532745606750067352491717865587750161060151439912 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
2026-11-01T23:53:24Z — 2026-11-02T23:08:24Z
Max safe collateral
0 USDC
25 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.
Nothing tradable within 2%nowZERO_DEPTH_2PCTthroughout
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

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
37.17 USDC (shortened; full value 37.177440559039456504728739544873173994003032322544 USDC)

5% from mid

Buy side
13.77 USDC (shortened; full value 13.7724635392947426889842562291 USDC)
Sell side
59.53 USDC (shortened; full value 59.532745606750067352491717865587750161060151439912 USDC)

10% from mid

Buy side
49.28 USDC (shortened; full value 49.2876996398269471034590649419 USDC)
Sell side
97.59 USDC (shortened; full value 97.59098448469686874533065141987549900518054428744 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.