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keel
Ledger
65,294,426
Methodology
1.0.8-draft
Age
9s

VELO against USDC — what depth stands behind this price?

All assets

VELO / USDC

GDM4…2M5M

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
68.75 USDC (shortened; full value 68.7561885506092140949071925 USDC)Limited by manipulation cost
Depth within 5%
buy187.21 USDC (shortened; full value 187.2143690647001477825708551913 USDC)sell123.32 USDC (shortened; full value 123.329156878327458212248360576860335519717177163526 USDC)
Cost to move +50%
275.02 USDC (shortened; full value 275.02475420243685637962877 USDC)Reachable through the order book
Checks
3 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.

Higher at the end of the window than at its start

Lowest
12.44 USDC (shortened; full value 12.4417378865839513736340048253944672200617697338125 USDC)
Highest
199.90 USDC (shortened; full value 199.9010990510085076725684675 USDC)
2026-10-28T02:54:28Z — 2026-11-04T01:54:29Z
Max safe collateral
68.87 USDC (shortened; full value 68.8700921756212134985068525 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
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Nothing tradable within 2%ZERO_DEPTH_2PCT57 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.

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%0.005003 USDC (shortened; full value 0.005003133894840825 USDC)363.56 USDC (shortened; full value 363.5623640685906166975494839454 USDC)275.02 USDC (shortened; full value 275.02475420243685637962877 USDC)
+100%0.006670 USDC (shortened; full value 0.0066708451931211 USDC)549.99 USDC (shortened; full value 549.9975800006697513816200157492 USDC)386.95 USDC (shortened; full value 386.95506570543252683460501 USDC)
+1,000%0.036689 USDC (shortened; full value 0.03668964856216605 USDC)65,762.14 USDC (shortened; full value 65762.1457470126612907069321646527 USDC)64,851.01 USDC (shortened; full value 64851.01674945000103540311247 USDC)
+10,000%0.336877 USDC (shortened; full value 0.33687768225261555 USDC)620,397.53 USDC (shortened; full value 620397.5317744322576290503264135638 USDC)616,838.68 USDC (shortened; full value 616838.68189462527631540311247 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