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keel
Ledger
65,278,934
Methodology
1.0.8-draft
Age
2s

AQUA against USDC — what depth stands behind this price?

All assets

AQUA / USDC

GBNZ…AQUA

Risk band

Medium

partial confidence

A floor: the real band can only be worse.

Max safe collateral
5,622.35 USDC (shortened; full value 5622.3510198750859502009953275 USDC)Limited by manipulation cost
Depth within 5%
buy8,392.79 USDC (shortened; full value 8392.7909830871703132881429787743 USDC)sell16,156.15 USDC (shortened; full value 16156.153225146599757011184501794620340380980546143878 USDC)
Cost to move +50%
22,489.40 USDC (shortened; full value 22489.40407950034380080398131 USDC)Reachable through the order book
Checks
2 triggered3 not evaluated

Every stored reading from this source, whenever it was taken

A reconstruction is written where a replay ran rather than on the scan's cadence, so there is no window to choose: the engine returns the readings it holds and the axis below is labelled from them.

No readings were stored in this range from this source

The engine holds no stored reading for Offers implied on this asset. A reconstruction exists only where keel replay has been run, and it has been run on one pair.

Checks

What fires now, how long it has been firing across the window above, and what could not run.

Triggered2

  • Thin depth at 5%
  • Supply is concentrated

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.

5,622.35 USDC (shortened; full value 5622.3510198750859502009953275 USDC)

Limited by manipulation cost

Liquidation term
8,826.12 USDC (shortened; full value 8826.125784906594201148977550757420502438350933535323 USDC)

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

Manipulation termbinds
5,622.35 USDC (shortened; full value 5622.3510198750859502009953275 USDC)

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