Keel — Stellar liquidity risk

EURC / USDC

GAQR…Z7NM

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral: 7.36 USDC (shortened; full value 7.36803964553213688139591950147343976670166778042 USDC)Limited by liquidation depth
Depth within 5%: buy0.73 USDC (shortened; full value 0.7398576842159537322180839376 USDC)sell9.40 USDC (shortened; full value 9.40343719848730841295163203428755390892277016989 USDC)
Cost to move +50%: 169.40 USDC (shortened; full value 169.40017914441036985464146 USDC)Reachable through the order book
Checks: 4 triggered3 not evaluated

History

Window

Resolution

Source

What an order can absorb before the price moves against a buyer. The rungs are nested, so one scale covers all three.

Lower at the end of the window than at its start

Lowest: 0 USDC
Highest: 55.06 USDC (shortened; full value 55.0659234079356849847404798351 USDC)

2026-10-26T22:53:38Z — 2026-11-02T22:08:39ZOne scale across every line on this chart

2% from mid: 0 USDC
5% from mid: 0.73 USDC (shortened; full value 0.7398576842159537322180839376 USDC)
10% from mid: 5.65 USDC (shortened; full value 5.6575186026898669109984455939 USDC)

169 readings from horizon, with no gaps reported. One source per chart.

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

Cheap to move the pricenowMANIPULATION_CHEAP

throughout

Thin depth at 5%nowTHIN_DEPTH_5PCT

throughout

Supply is concentratednowHOLDER_CONCENTRATION_HIGH

throughout

Nothing tradable within 2%nowZERO_DEPTH_2PCT

114 of 169

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: 169.40 USDC (shortened; full value 169.40017914441036985464146 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: 169.40 USDC (shortened; full value 169.40017914441036985464146 USDC)
The move, plus the genuine volume an averaging oracle forces an attacker to outweigh