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keel
Ledger
65,275,874
Methodology
1.0.8-draft
Age
3s

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
5,497.34 USDC (shortened; full value 5497.3466090502953275352118975 USDC)Limited by manipulation cost
Depth within 5%
buy9,297.60 USDC (shortened; full value 9297.6014982878377316839091998354 USDC)sell6,645.76 USDC (shortened; full value 6645.767058620362607951043182599534602822190510896265 USDC)
Cost to move +50%
21,989.38 USDC (shortened; full value 21989.38643620118131014084759 USDC)Reachable through the order book
Checks
2 triggered3 not evaluated

History

Window
Resolution
Source

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
4,111.27 USDC (shortened; full value 4111.2718477999642591470284475 USDC)
Highest
6,268.87 USDC (shortened; full value 6268.8777790749214907865383775 USDC)
2026-10-27T00:53:28Z — 2026-11-03T00:08:34Z
Max safe collateral
5,493.72 USDC (shortened; full value 5493.7273016501126239893376825 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_LOW91 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.

An averaging oracle makes an attacker outweigh genuine trading as well as move the book. A market with no genuine volume has no such defence.

Cost of a 50% move, order book only
21,989.38 USDC (shortened; full value 21989.38643620118131014084759 USDC)

The target is reachable through the order book

Genuine volume in the oracle window
1.45 USDC (shortened; full value 1.4574857 USDC)

Over the last 900 seconds (15 minutes), after the genuine-trade filter

Cost against genuine volume
15,087.2056 (shortened; full value 15087.2056145739071814844204577788)

Below 1, moving the price is cheaper than all genuine trading across the window. Not computed when there was no genuine volume or the target is unreachable

Total attack cost
21,990.84 USDC (shortened; full value 21990.84392190118131014084759 USDC)

The move, plus the genuine volume an averaging oracle forces an attacker to outweigh