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keel
Ledger
65,295,146
Methodology
1.0.8-draft
Age
6s

VAQM against USDC — what depth stands behind this price?

All assets

VAQM / USDC

GC2B…BVCD

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

Window
Resolution
Source

Collateral ceiling

The most this asset could back at each reading: the lower of the liquidation and manipulation limits.

Lower at the end of the window than at its start

Lowest
7.34 USDC (shortened; full value 7.340549188995634921739928983709373626781505066853 USDC)
Highest
18.87 USDC (shortened; full value 18.87081636200876055150484124439039919789969222369 USDC)
2026-10-05T03:54:27Z — 2026-10-25T22:54:28Z
Max safe collateral
7.79 USDC (shortened; full value 7.797618881495285232096791131918009277688634086352 USDC)
500 readings from horizon, with no gaps reported. One source per chart.

Checks

What fires now, how long it has been firing across the window above, and what could not run.
Cheap to move the pricenowMANIPULATION_CHEAPthroughout
Cheap next to real tradingnowMANIPULATION_RATIO_LOWthroughout
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
Nothing tradable within 2%nowZERO_DEPTH_2PCT31 of 500
Price sources disagreePRICE_SOURCE_CONFLICT357 of 500
Extreme spreadSPREAD_EXTREME357 of 500

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.

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
+50%0.437925 USDC876.92 USDC (shortened; full value 876.9247173711792110884472725197 USDC)787.72 USDC (shortened; full value 787.7233777068 USDC)
+100%0.5839 USDC946.88 USDC (shortened; full value 946.8891384856099846935192434222 USDC)787.72 USDC (shortened; full value 787.7233777068 USDC)
+1,000%3.21145 USDC1,649.38 USDC (shortened; full value 1649.3856807790663394123612778911 USDC)787.72 USDC (shortened; full value 787.7233777068 USDC)
+10,000%29.48695 USDC4,135.74 USDC (shortened; full value 4135.7489640866521232552637911488 USDC)787.72 USDC (shortened; full value 787.7233777068 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.

Highest price the book can reach
not computed

Absorbing every ask. Not computed when an active pool exists, because a constant product curve has no highest price

Cost to reach it
not computed

Every ask below that price. Catches an attack that lands between two rungs of the ladder