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keel
Ledger
65,294,426
Methodology
1.0.8-draft
Age
8s

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
6.89 USDC (shortened; full value 6.898810284021839450085766547591336758305372726172 USDC)Limited by liquidation depth
Depth within 5%
buy801.91 USDC (shortened; full value 801.9111069806249581370137040224 USDC)sell4.25 USDC (shortened; full value 4.25567650149933352733224633970616570582767236772 USDC)
Cost to move +50%
787.72 USDC (shortened; full value 787.7233777068 USDC)Reachable through the order book
Checks
6 triggered3 not evaluated

Cost to move the price 50%

The stored series carries one manipulation rung, the +50% move. A reading the engine could not produce breaks the line rather than sitting at zero.

Unchanged across the window

Lowest
787.72 USDC (shortened; full value 787.7233777068 USDC)
Highest
787.72 USDC (shortened; full value 787.7233777068 USDC)
2026-10-28T02:54:28Z — 2026-11-04T01:54:29Z
Cost to move +50%
787.72 USDC (shortened; full value 787.7233777068 USDC)
168 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_2PCT26 of 168

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.

Both price sources, not only the one that won, and the pair that set the band.

Price used
0.29195 USDC

Order book mid

AMM pool spot price
0.28399010 USDC (shortened; full value 0.2839901065303743 USDC)

The pool with the largest quote reserve, reported whichever source set the price

Book against pool
2.8028 % (shortened; full value 2.80287703218786099564780527 %)

Past the methodology threshold, the pool price is used and PRICE_SOURCE_CONFLICT fires

Spread
4.4870 % (shortened; full value 4.48706970371638979277273506 %)

Best ask minus best bid, over the mid