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Keel
Ledger
64,492,657
Methodology
1.0.8-draft
Age
4s

USDM against USDC — what depth stands behind this price?

How has this moved over time?

WindowLast 24 hoursLast 7 daysLast 30 days
ResolutionHourlyDaily
SourceHorizonHubbleOffers impliedTrades implied

No readings were stored in this range from this source

The engine accepted the request and returned nothing for Offers 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.

2,738.43 USDC (shortened; full value 2738.4303735414367871718977609643986150226967934311775 USDC)

Limited by liquidation depth

Liquidation termbinds
2,738.43 USDC (shortened; full value 2738.4303735414367871718977609643986150226967934311775 USDC)

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

Manipulation term
117,057.40 USDC (shortened; full value 117057.4056029142227695206341 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
3.25 USDC (shortened; full value 3.2540565237620647093519768936 USDC)
Sell side
2,471.35 USDC (shortened; full value 2471.350393694596831283014357990310603077071109157966 USDC)

5% from mid

Buy side
468,237.44 USDC (shortened; full value 468237.4463909771422463980427058762 USDC)
Sell side
5,468.59 USDC (shortened; full value 5468.595931992128496371232139945676671788027705365416 USDC)

10% from mid

Buy side
468,245.15 USDC (shortened; full value 468245.1589617089723993246784760731 USDC)
Sell side
5,476.86 USDC (shortened; full value 5476.860747082873574343795521928797230045393586862355 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%1.467459 USDC (shortened; full value 1.4674595962351593 USDC)468,301.43 USDC (shortened; full value 468301.4305001200155424890464826727 USDC)468,229.62 USDC (shortened; full value 468229.6224116568910780825364 USDC)
1%1.956612 USDC (shortened; full value 1.9566127949802124 USDC)468,362.03 USDC (shortened; full value 468362.0303393515571205561190709761 USDC)468,229.62 USDC (shortened; full value 468229.6224116568910780825364 USDC)
10%10.761370 USDC (shortened; full value 10.7613703723911682 USDC)468,970.49 USDC (shortened; full value 468970.499284646905619387670272921 USDC)468,229.62 USDC (shortened; full value 468229.6224116568910780825364 USDC)
100%98.808946 USDC (shortened; full value 98.8089461465007262 USDC)471,124.06 USDC (shortened; full value 471124.0683821916846492978759386051 USDC)468,229.62 USDC (shortened; full value 468229.6224116568910780825364 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