Skip to content
Keel
Ledger
64,491,036
Methodology
1.0.8-draft
Age
8s

USDM against USDC — what depth stands behind this price?

How has this moved over time?

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.

How much can this asset safely back?

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

Risk band

Medium

partial 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.

2,738.28 USDC (shortened; full value 2738.285955984717913543178190294174051358323794744504 USDC)

Limited by liquidation depth

Liquidation termbinds
2,738.28 USDC (shortened; full value 2738.285955984717913543178190294174051358323794744504 USDC)

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

Manipulation term
117,057.38 USDC (shortened; full value 117057.3828494497368856222187375 USDC)

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

What volume can it absorb before the price moves?

Three rungs at 2, 5 and 10 per cent, in each direction. The buy side matters for oracle manipulation and the sell side for liquidation.
  • SDEX
  • AMM
  • Sell side, composition not reported

2% from mid

Buy side
3.18 USDC (shortened; full value 3.1851142666904122748588620032 USDC)
Sell side
5,463.49 USDC (shortened; full value 5463.490112386599909518546572694844819277199107060372 USDC)

5% from mid

Buy side
468,237.36 USDC (shortened; full value 468237.3638809169863735973466437299 USDC)
Sell side
5,468.33 USDC (shortened; full value 5468.330874924999993531194032573785309482894643742788 USDC)

10% from mid

Buy side
468,245.05 USDC (shortened; full value 468245.0542624211071080694297687621 USDC)
Sell side
5,476.57 USDC (shortened; full value 5476.571911969435827086356380588348102716647589489008 USDC)

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.

What would it cost to move the price?

Read cost together with reachability: a figure on an unreachable rung says how far the book goes, not what the move costs.
Cost to move the price by each delta, through all venues and through the order book alone, with whether the target is reachable at all.
MoveTarget priceCost, all venuesCost, order book only
0.5%1.459046 USDC (shortened; full value 1.459046553654517725 USDC)468,301.16 USDC (shortened; full value 468301.1639064362637020127584761657 USDC)468,229.53 USDC (shortened; full value 468229.53139779894754248887495 USDC)
1%1.945395 USDC (shortened; full value 1.9453954048726903 USDC)468,361.58 USDC (shortened; full value 468361.5893986597041635481813081647 USDC)468,229.53 USDC (shortened; full value 468229.53139779894754248887495 USDC)
10%10.699674 USDC (shortened; full value 10.69967472679979665 USDC)468,968.30 USDC (shortened; full value 468968.307766041316713612976906211 USDC)468,229.53 USDC (shortened; full value 468229.53139779894754248887495 USDC)
100%98.242467 USDC (shortened; full value 98.24246794607086015 USDC)471,115.68 USDC (shortened; full value 471115.6810001373272772029689952047 USDC)468,229.53 USDC (shortened; full value 468229.53139779894754248887495 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.

Who holds it, and is it genuinely traded?

Concentration and wash trading bound how much of the depth above is real.
Largest holder
27.3368 % (shortened; full value 27.33688427337877221595929823 %)
Top ten holders
70.3876 % (shortened; full value 70.3876173527611307517209757 %)
Concentration index
1,029.91 (shortened; full value 1029.9182773764104686184709240713001266186126112258409993)

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