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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

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
7.07 USDC (shortened; full value 7.0738272513095467215466888517937377706547781563675 USDC)
Highest
10.45 USDC (shortened; full value 10.452011061617779372908250152377788088061252154545 USDC)
2026-10-28T01:54:28Z — 2026-11-04T00:54:29Z
Max safe collateral
7.08 USDC (shortened; full value 7.088100974117822012944700236817040766379920825624 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_2PCT25 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.

Volume each side can absorb before the price moves 2, 5 or 10 per cent. Buy side bears on oracle manipulation, sell side on liquidation.

  • SDEX
  • AMM
  • Sell side, composition not reported

2% from mid

Buy side
8.36 USDC (shortened; full value 8.3621744739620881358090125904 USDC)
Sell side
0 USDC

5% from mid

Buy side
801.53 USDC (shortened; full value 801.5301962380977806847651855017 USDC)
Sell side
4.63 USDC (shortened; full value 4.634274067276887923574517195284607474722652871984 USDC)

10% from mid

Buy side
810.43 USDC (shortened; full value 810.4345447192060470737842769877 USDC)
Sell side
14.17 USDC (shortened; full value 14.176201948235644025889400473634081532759841651248 USDC)

Bars share one scale. The venue split decomposes the buy side; the sell side is drawn as an outline because its composition is not reported.