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keel
Ledger
65,278,214
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
5,593.28 USDC (shortened; full value 5593.280460474930641159815665 USDC)Limited by manipulation cost
Depth within 5%
buy6,419.61 USDC (shortened; full value 6419.6129176908936367641433742324 USDC)sell15,137.11 USDC (shortened; full value 15137.111069875652036051812577456849717620386344133572 USDC)
Cost to move +50%
22,373.12 USDC (shortened; full value 22373.12184189972256463926266 USDC)Reachable through the order book
Checks
2 triggered3 not evaluated

History

Window
Resolution
Source

Price

The midpoint the engine read at each scan. It says what the market quotes, not what it can absorb.

Lower at the end of the window than at its start

Lowest
0.00026886 USDC (shortened; full value 0.000268869065789 USDC)
Highest
0.00029206 USDC (shortened; full value 0.0002920688943158 USDC)
2026-10-27T03:53:28Z — 2026-11-03T03:23:29Z
Mid price
0.00026886 USDC (shortened; full value 0.000268869065789 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.
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
Cheap next to real tradingMANIPULATION_RATIO_LOW90 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.

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

5,593.28 USDC (shortened; full value 5593.280460474930641159815665 USDC)

Limited by manipulation cost

Liquidation term
8,316.22 USDC (shortened; full value 8316.229495103713490247735564301114154272951501414157 USDC)

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

Manipulation termbinds
5,593.28 USDC (shortened; full value 5593.280460474930641159815665 USDC)

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