Skip to content
keel
Ledger
65,276,594
Methodology
1.0.8-draft
Age
2s

AQUA against USDC — what depth stands behind this price?

All assets

AQUA / USDC

GBNZ…AQUA

Risk band

High

partial confidence

A floor: the real band can only be worse.

Max safe collateral
5,223.27 USDC (shortened; full value 5223.2744550499517137745776775 USDC)Limited by manipulation cost
Depth within 5%
buy8,965.14 USDC (shortened; full value 8965.1452302146759814730208051956 USDC)sell8,530.50 USDC (shortened; full value 8530.507749526789555382429814347578525321103449403127 USDC)
Cost to move +50%
20,893.09 USDC (shortened; full value 20893.09782019980685509831071 USDC)Reachable through the order book
Checks
3 triggered3 not evaluated

Collateral ceiling

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

Lower at the end of the window than at its start

Lowest
2,633.46 USDC (shortened; full value 2633.462044275169302231424525 USDC)
Highest
9,247.53 USDC (shortened; full value 9247.537913500127532986407235 USDC)
2026-10-04T01:53:27Z — 2026-10-24T21:08:28Z
Max safe collateral
5,460.46 USDC (shortened; full value 5460.4680092502440154507388875 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.
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
Cheap next to real tradingnowMANIPULATION_RATIO_LOW400 of 501

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.

The ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.

5,223.27 USDC (shortened; full value 5223.2744550499517137745776775 USDC)

Limited by manipulation cost

Liquidation term
8,787.63 USDC (shortened; full value 8787.637155988482476194031531043710849353105182248691 USDC)

Sell-side depth at the liquidation delta, times the haircut.

Manipulation termbinds
5,223.27 USDC (shortened; full value 5223.2744550499517137745776775 USDC)

Order-book-only manipulation cost at the critical delta, times the safety margin.