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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

Price

The midpoint the engine read at each scan. It says what the market quotes, not what it can absorb.

Unchanged across the window

Lowest
0.29195 USDC
Highest
0.29195 USDC
2026-11-03T03:54:29Z — 2026-11-04T03:09:29Z
Mid price
0.29195 USDC
25 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_2PCT13 of 25

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
0.28221209 USDC (shortened; full value 0.2822120984211352 USDC)

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

Book against pool
3.4505 % (shortened; full value 3.45056134494038295227961077 %)

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