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keel
Ledger
65,276,773
Methodology
1.0.8-draft
Age
7s

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
5,515.35 USDC (shortened; full value 5515.3530624750274620591431875 USDC)Limited by manipulation cost
Depth within 5%
buy10,144.59 USDC (shortened; full value 10144.5959895706976501987294239756 USDC)sell8,529.52 USDC (shortened; full value 8529.522213216734241211707039750732328696039694382647 USDC)
Cost to move +50%
22,061.41 USDC (shortened; full value 22061.41224990010984823657275 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
4,881.57 USDC (shortened; full value 4881.57631040016440916967054 USDC)
Highest
5,949.06 USDC (shortened; full value 5949.06628190037049153146166 USDC)
2026-10-27T23:53:23Z — 2026-11-03T01:23:29Z
Max safe collateral
5,223.27 USDC (shortened; full value 5223.2744550499517137745776775 USDC)
8 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_LOW5 of 8

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
22,061.41 USDC (shortened; full value 22061.41224990010984823657275 USDC)

The target is reachable through the order book

Genuine volume in the oracle window
0 USDC

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

Cost against genuine volume
not computed

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
22,061.41 USDC (shortened; full value 22061.41224990010984823657275 USDC)

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