VAQM against USDC — what depth stands behind this price?
Risk band
Critical
partial confidence
A floor: the real band can only be worse.
- Max safe collateral
- 6.33 USDC (shortened; full value 6.3313251752876855425240735047748500249980903596875 USDC)Limited by liquidation depth
- Depth within 5%
- buy803.05 USDC (shortened; full value 803.0530501609853829377637086153 USDC)sell3.12 USDC (shortened; full value 3.12066128303966662730013558355301303743591175865 USDC)
- Cost to move +50%
- 787.72 USDC (shortened; full value 787.7233777068 USDC)Reachable through the order book
- Checks
- 6 triggered3 not evaluated
History
Every stored reading from this source, whenever it was taken
A reconstruction is written where a replay ran rather than on the scan's cadence, so there is no window to choose: the engine returns the readings it holds and the axis below is labelled from them.
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 holds no stored reading for Trades implied on this asset. A reconstruction exists only where keel replay has been run, and it has been run on one pair.
Checks
Triggered6
- Nothing tradable within 2%
- Cheap to move the price
- Cheap next to real trading
- One holder owns most of it
- Thin depth at 5%
- Supply is concentrated
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.
The ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.
6.33 USDC (shortened; full value 6.3313251752876855425240735047748500249980903596875 USDC)
Limited by liquidation depth
- Liquidation termbinds
- 6.33 USDC (shortened; full value 6.3313251752876855425240735047748500249980903596875 USDC)
Sell-side depth at the liquidation delta, times the haircut.
- Manipulation term
- 196.93 USDC (shortened; full value 196.9308444267 USDC)
Order-book-only manipulation cost at the critical delta, times the safety margin.