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keel
Ledger
65,293,526
Methodology
1.0.8-draft
Age
4s

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
7.08 USDC (shortened; full value 7.088100974117822012944700236817040766379920825624 USDC)Limited by liquidation depth
Depth within 5%
buy801.53 USDC (shortened; full value 801.5301962380977806847651855017 USDC)sell4.63 USDC (shortened; full value 4.634274067276887923574517195284607474722652871984 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

Buy-side depth

What an order can absorb before the price moves against a buyer. The rungs are nested, so one scale covers all three.

Higher at the end of the window than at its start

Lowest
3.94 USDC (shortened; full value 3.9481653231485995341722784197 USDC)
Highest
810.45 USDC (shortened; full value 810.4549647813047105771660642778 USDC)
2026-10-28T00:54:28Z — 2026-11-04T00:39:29ZOne scale across every line on this chart
2% from mid
8.36 USDC (shortened; full value 8.3621744739620881358090125904 USDC)
5% from mid
801.53 USDC (shortened; full value 801.5301962380977806847651855017 USDC)
10% from mid
810.43 USDC (shortened; full value 810.4345447192060470737842769877 USDC)
169 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_2PCT25 of 169

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.

An averaging oracle makes an attacker outweigh genuine trading as well as move the book. A market with no genuine volume has no such defence.

Cost of a 50% move, order book only
787.72 USDC (shortened; full value 787.7233777068 USDC)

The target is reachable through the order book

Genuine volume in the oracle window
0 USDC

Over the last 900 seconds (15 minutes), after the genuine-trade filter

Cost against genuine volume
not computed

Below 1, moving the price is cheaper than all genuine trading across the window. Not computed when there was no genuine volume or the target is unreachable

Total attack cost
787.72 USDC (shortened; full value 787.7233777068 USDC)

The move, plus the genuine volume an averaging oracle forces an attacker to outweigh