What depth stands behind this price?
JDMC against USDC · GDZ7MG…MHGZX2
How much can this asset safely back?
- Low
- Medium — this asset
- High
- Critical
Mediumpartial confidence
A band marked partial is a floor. At least one high-severity check could not be evaluated, so the real band can only be worse than the one shown, never better.
6.15 USDC (shortened; full value 6.15066019185396989206556674766105904461248399458 USDC)
Limited by liquidation depth
- Liquidation termbinds
- 6.15 USDC (shortened; full value 6.15066019185396989206556674766105904461248399458 USDC)
Sell-side depth at the liquidation delta, times the haircut.
- Manipulation term
- not applicable
Not applied: the critical target is not reachable through the order book.
These bands come from thresholds that were chosen, not calibrated
The thresholds were chosen based on the magnitude of the Blend incident of February 2026 and on conservative judgement, not calibrated against a set of incidents. Every flag is reported separately so that consumers can apply their own thresholds.
Where this number comes from
- Source
- GET /asset/{assetId}/depth → maxSafeCollateral, maxSafeCollateralLiquidation, maxSafeCollateralManipulation
- What it is
- Awaiting methodology copy.
- What it does not account for
- Awaiting methodology copy.
What this computation could not do
- maxReachablePrice and costToMaxReachablePrice are null because an active pool is present: under a constant product curve the price tends to infinity as the base reserve tends to zero, so every target is reachable and a highest price has no meaning
- manipulation to delta 0.5 is unreachable through the order book; the manipulation term was not applied
Served by the engine with this response and shown as written.
Where does the price come from?
- Mid price
- 0.00026251 USDC (shortened; full value 0.0002625149924445 USDC)
Source: AMM pool spot
- Spread
- not computed
Undefined unless the price came from a two-sided book
- Pool spot price
- 0.00026251 USDC (shortened; full value 0.0002625149924445 USDC)
Reported whenever an active pool exists, whichever source won
- Divergence between the two
- not computed
Null means there is no pool to diverge from, not that the sources agree
Where this number comes from
- Source
- GET /asset/{assetId}/depth → midPrice, priceSource, spreadPct, poolSpotPrice, priceDivergencePct
- What it is
- Awaiting methodology copy.
- What it does not account for
- Awaiting methodology copy.
What volume can it absorb before the price moves?
- SDEX
- AMM
- Sell side, composition not reported
2% from mid
5% from mid
10% from mid
Bars share one scale. The venue split decomposes the buy side; the sell side is drawn as an outline because its composition is not reported.
Where this number comes from
- Source
- GET /asset/{assetId}/depth → depth[]
- What it is
- Awaiting methodology copy.
- What it does not account for
- Awaiting methodology copy.
What would it cost to move the price?
| Move | Target price | Cost, all venues | Cost, order book only |
|---|---|---|---|
| 0.5% | 0.000393 USDC (shortened; full value 0.00039377248866675 USDC) | 54.19 USDC (shortened; full value 54.1991488037826436697542379548 USDC) | unreachablebook ends at 0 USDC |
| 1% | 0.000525 USDC (shortened; full value 0.000525029984889 USDC) | 99.89 USDC (shortened; full value 99.8911448550387766091604627303 USDC) | unreachablebook ends at 0 USDC |
| 10% | 0.002887 USDC (shortened; full value 0.0028876649168895 USDC) | 558.67 USDC (shortened; full value 558.6738907880727999090638223179 USDC) | unreachablebook ends at 0 USDC |
| 100% | 0.026514 USDC (shortened; full value 0.0265140142368945 USDC) | 2,182.45 USDC (shortened; full value 2182.4549428326244362209436780941 USDC) | unreachablebook ends at 0 USDC |
Reachability on the all-venues ladder is unconditionally true whenever an active pool exists, because a constant product curve has no upper price bound. The order-book-only column is the one that answers whether a target is attainable, and it is the one Keel itself uses.
How far the book actually goes
- Furthest price the book reaches
- not computed
Null by structure, not by failure: an active pool means every target is reachable and a highest price has no meaning
- Cost to walk it that far
- not computed
Null for the same reason as the price above
Against genuine volume
Not reported for this asset. Without it there is no comparison between the cost of an attack and the genuine trading it would have to hide inside.
Where this number comes from
- Source
- GET /asset/{assetId}/depth → manipulationCostCombined[], manipulationCostOrderbookOnly[], oracleResistance
- What it is
- Awaiting methodology copy.
- What it does not account for
- Awaiting methodology copy.
Which checks fired, and which could not run?
Triggered(2)
- THIN_DEPTH_5PCT
- HOLDER_CONCENTRATION_HIGH
Could not be evaluated(5)
- PRICE_SOURCE_CONFLICT
- SPREAD_EXTREME
- NO_GENUINE_TRADE_30D
- NO_GENUINE_TRADE_7D
- WASH_TRADE_SUSPECTED
Where this number comes from
- Source
- GET /asset/{assetId}/depth → flags[], unevaluatedFlags[], bandConfidence
- What it is
- Awaiting methodology copy.
- What it does not account for
- Awaiting methodology copy.
Who holds it, and is it genuinely traded?
- Largest holder
- 45.0172 % (shortened; full value 45.01728610260526922789780629 %)
- Top ten holders
- 96.4610 % (shortened; full value 96.46101964139282083193854105 %)
- Concentration index
- 2,551.26 (shortened; full value 2551.2695266016206998285996367575564003724610610670546853)
Herfindahl–Hirschman, over the holder distribution
- Volume excluded as not genuine
- not computed
Of 30 day volume. A high share indicates suspected wash trading
- Volume to supply, 30 day
- not computed
- Last genuine trade
- not computed
No genuine trade was found in the window
Where this number comes from
- Source
- GET /asset/{assetId}/depth → holderTop1Pct, holderTop10Pct, holderHhi, volumeToSupply, lastGenuineTrade, tradesExcludedPct
- What it is
- Awaiting methodology copy.
- What it does not account for
- Awaiting methodology copy.
How has this moved over time?
This source is a lower bound, not a measurement
Trades-implied rebuilds the book from trades that happened, so every figure below is a floor: the real value is at least this, and may be more. It is not comparable with a direct reading.
No readings were stored in this range from this source
The engine accepted the request and returned nothing for Trades implied. The series is as old as the deployment, and the reconstruction sources are not populated in production, so a window can reach back further than anything that was recorded. It is not empty because the figures were zero.
Where this number comes from
- Source
- GET /asset/{assetId}/history → points[], gaps[], dataSource
- What it is
- Awaiting methodology copy.
- What it does not account for
- Awaiting methodology copy.
What was this computed from?
- Ledger
- 64,490,133
Closed at 2026-09-18T13:00:43Z
- Computed at
- 2026-09-18T13:00:51.358604Z
- Data source
- horizon
- Methodology
- 1.0.8-draft
The version that produced these figures, not the one this page was built against